Eduardo Saverin, the billionaire co-founder of Facebook, has renounced his U.S. citizenship just before an initial public offering that values the world’s largest social network at about $96 billion, a move that may reduce his tax bill. Facebook plans to raise around $11.8 billion via the IPO, which will be the biggest in history for [...]
Ready or not, here comes the mustache lobby. The American Mustache Institute (AMI) is organizing a “Million Mustache March” on the nation’s capitol. The demonstration will be part of an ongoing campaign to convince politicians to create government incentives to grow facial hair – really. The Million Mustache March will be held on April 1. [...]
Mark Zuckerberg may have to sell approximately $1.67 billion of company stock in the Facebook IPO to pay off taxes he’ll end up owing the IRS when he exercises options to buy 120 million shares. The social network’s CEO will owe taxes on gains related to the award of options, Facebook said this week in [...]
Continue reading " Zuckerberg Taxes: Facebook CEO May Sell Stock to Pay Huge Bill "
Lindsay Lohan has been slapped with a $93K tax lien. The federal government says LiLo never paid her 2009 income tax and it’s finally time to pay the piper. According to court documents filed in Los Angeles, the Internal Revenue Service has obtained a lien against Lohan for $93,701 for failure to pay her income [...]
Continue reading " Lindsay Lohan Tax Lien: Actress Slapped with $94,000 Lien, Sued by Paparazzo "
It’s not every day that you see Major League Baseball take over the day-to-day operations of a baseball team, but that’s exactly what’s happening right now to the Los Angeles Dodgers. Baseball commissioner Bud Selig announced today that the league will take control of the Dodgers organization as the the nasty divorce between owners Frank [...]
Continue reading " MLB to Take Over Dodgers Amid Nasty Frank and Jamie McCourt Divorce "
Employees of community organizing group ACORN were videotaped on hidden camera offering to assist two people pretending to be a pimp and a prostitute. The ACORN employees encourage them to lie to the IRS and also offer advice on how to claim underage girls from South America as their dependents. The footage was made public [...]
Continue reading " ACORN Prostitute Scandal Rocks Baltimore (VIDEO) "
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