What’s the biggest celebrity court case you can think of? Celebrity tax evasion cases may not be as flashy as a murder trial, but they are an important part of the stories of your favorite names. Avoiding the IRS has been common since the organization was founded in 1862. One of the first major famous cases of tax evasion was Al Capone. The government rarely caught him for major crimes, but they did get him in jail when he accrued a major tax debt.
▬Contents of this video▬ 00:00 - Intro 00:20 - Nicolas Cage 01:08 - Leona Hemsley 01:35 - Martha Stewart 02:25 - Al Capone 03:12 - Willie Nelson 04:05 - O.J. Simpson 04:42 - Pete Rose 05:22 - Judy Garland 06:00 - Abbot and Costello 06:18 - Walter Anderson 06:51 - Richard Hatch 07:25 - Wesley Snipes 07:48 - Courtney Love 08:24 - Marc Anthony 08:42 - The Osbornes 09:01 - Outro
These back taxes can often be more than even a multi-million-dollar earning celebrity can handle. One of the largest cases of all time was that of Walter Anderson. His attempts to hide over $200 million in back taxes were eventually found out. Hollywood’s most elaborate spenders are one of the most likely to face tax evasion issues. They get in major trouble when they don’t handle the taxes on their purchases. Nicholas Cage got so deep in a hole that he had to do straight-to-DVD films he hated to stay afloat. Judy Garland spent like a star but ended up broke, going from hotel to hotel.
The government can also seize your most prized possessions to repay your debt, even if you’re a celebrity. Willy Nelson’s home was raided, and only his favorite guitar Trigger survived because it was at his daughter’s house. One major lesson from these celebrity tax evasion cases, other than always paying your taxes, is to be careful who advises you on how to pay them. Wesley Snipes was told he didn’t have to pay them for several years, and it got him in a significant legal and financial pickle.
Like and subscribe for more on the secret struggles of the stars. Watch our video to learn about celebrity tax evasion cases that left them flat-out broke.
Celebrity Tax Evasion Cases That Left Them Flat Out Broke
By: Facts Verse Title: Celebrity Tax Evasion Cases That Left Them Flat Out Broke Sourced From: www.youtube.com/watch?v=MXHy-lpGlXk
