Apparently the Washington, DC Attorney General is going after Michael Saylor for tax fraud saying while Saylor claimed to live in Florida (no income tax state) he actually lived in DC (income tax state).
Whatever the facts of the matter, if you are a high earner this can be an issue for you.
As always, the key is document, document, document and then file accurately.
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Who pretends to live in Florida but actually lives in DC? Who does that?
Nobody sane
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I think he makes enough money that his lawyers will fix it. Worst case, he pays the taxes and penalties. Then he moves to Florida.
There's a small possibility they'd go after him for criminal fraud in additional to the civil tax.
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Politically motivated selective law enforcement, just like everything in that cesspool of corruption.
I grew up in the suburbs of DC and watched as the mayor got busted for smoking crack with a hooker, went off to rehab, and a few years later got reelected!
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Ha! I remember that guy. Marion Berry.
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I lived in DC for a year when that scumbag was Mayor.
well he looks like a homeless crackhead, maybe soon he will be.
Maybe MSTR borrows against some BTC to pay the taxes
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which would be hilarious. People never learn, he basically broke all rules. Do not gamble with money you can not afford to lose. Bitcoin is still at 20k 5 YEARS later. How are those models and predictions and indicators looking now? like trash. He basically De-gen'd his way in to something that if he was smart he would have done 8,9 10 years ago. He thought he was so big a player he would move the market, He did, him and elon artificially pushed it to 64k and down it fell. Bitcoin is going to implode in this coming crisis. 12 years of building a house of cards, a system more reckless and irresponsible than the one that caused the 2008 crisis. All that is coming to crypto now is crisis. Funny how the crypto narrative is that crypto is all about getting away from government. When the real story is crypto empowers government, and we are all running into it head first. XMR still at 150 dollars shows that narrative is false and nobody cares about it, because XMR is the only crypto that gets rid of governments. Greed is one of the 7 deadly sins.
The guy did encourage people to mortgage their homes and buy bitcoin, on national television, at the very top of the market last Fall. Screw him.
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But it was not financial advice*
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He said it with confidence. Almost like a command.
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Personally, I think he's a scammer and he's a proven fraud. He defrauded MicroStrategy and misreported revenue for years. He's a known entity, the SEC has been watching him for years. IF he actually committed tax evasion, I support punishing him for that crime. No one should be allowed to EVADE taxes (LEGAL AVOIDANCE is a different story).
With that being said, the SEC and the IRS can go choke on it and die. They are criminals and thieves. The SEC does not enforce securities laws, see examples: $AMC, $GME, $HKD, $AMTD, $GCT, and $COIN. The IRS was created illegally by the globalists to siphon American working class wealth. It was pushed as a way to "finance WWI" using the vast wealth of the robber barons and the 1%, and then pushed on everyone else after they finished staging their conflict in Europe.
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