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bobbert's avatar

I doubt that he's been <i>lying</i> on his tax returns, but the thing about the eleventy-million-page Internal Revenue Code is that there's about a hundred pages that applies to the 99.9%, and all the rest is specialized loopholes and money-printing shit for the very rich. I expect that a thorough analysis of Rmoney's returns would reveal vigourous use of these sections of the code during the years when he was building his fortune.

Also, there's a chance that there may be some transactions that were actually illegal according to contemporaneous IRS interpretation of the code, but which they never bothered to pursue (or simply didn't notice). In most cases, the statute of limitations will have expired, but it would still make a good story.

Basically, I think his records will show that he didn't make his fortune by "running a business", but by "jacking the system".

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BarackMyWorld's avatar

Whoops...meant to add "...on the Daily Show last night" to the first sentence.

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