The Supreme Court has elected not to hear an appeal from Wesley Snipes, the Blade star who was convicted on three misdemeanor counts of tax evasion and began a three-year term in a minimum security prison this December. The Associated Press reports that the court refused Monday to hear an appeal from Snipes, who was trying to get his conviction and sentence overturned. At least now the actor will have plenty of time to perfect his foot cycle technique in the prison yard.
Read more:
Wesley Snipes, ‘Blade’ star, takes stab at bail
Wesley Snipes ordered to the slammer
Wesley Snipes sentenced to three years in prison
let this man out of jail….if he is out he can work at least and then pay off his debt.
on the campaign trail, and enrsue that well-off Americans pay their fair share. He famously defended his planned tax hikes to Joe the Plumber by saying, I think when you spread the wealth around it’s good for everybody. If you think spreading money around by force seems like an odd definition of fairness, you’re not alone. A 2009 survey conducted by the polling firm Ayers-McHenry asked respondents to choose which of the following statements came closer to their views: Government policies should promote fairness by narrowing the gap between rich and poor, spreading the wealth, and making sure that economic outcomes are more equal ; or Government policies should promote opportunity by fostering job growth, encouraging entrepreneurs, and allowing people to keep more of what they earn. Respondents chose the second option over the first, 63% to 31%.Most Americans think tax rates are already unfairly high. A February 2009 Harris poll found that on average, Americans believe the maximum amount anyone should have to pay in total taxes is less than 16% of income. The Tax Policy Center notes that families earning $75,000 and above are paying more than this in federal taxes alone; the highest income earners pay much more.Nor do Americans believe it is fair to expand the pool of people with no income tax liability at all. According to a Tax Foundation poll in April 2009, 66% of Americans agree with the statement that Everyone should be required to pay some minimum amount of tax to help fund government. People understand that good citizenship means we all contribute in some way to the national project.Simple facts about our tax system do not support the contention that it is unfair in favor of the rich. According to the most recent IRS data, the top 5% of earners bring in 37% of the income but pay 60% of the federal individual income taxes. The bottom half of earners bring home 12% of the income but pay 3% of the taxes. Today, according to the Tax Foundation, 60% of Americans consume more in government services than they pay in taxes. In sum: A large majority disagrees with the current administration’s redistributionist philosophy; believes the rich already face a tax rate that is too high; and disapproves of the fact that more and more Americans pay nothing in federal income taxes. So why do arguments like the president’s persist?The answer is that nobody wants to sound anti-poor, so we too easily concede the notion of fairness to those who define it as redistribution and criticize redistribution only because it leads to economic inefficiency. This is an error. There is nothing inherently fair about equalizing incomes. If the government penalizes you for working harder than somebody else, that is unfair. If you save your money but retire with the same pension as a free-spending neighbor, that is also unfair. Real fairness, as most of us see it, does not mean bringing the top down. Yes, free markets tend to produce unequal incomes. We should not be ashamed of that. On the contrary, our system is the envy of the world and should be a source of pride. Generation after generation, it has rewarded hard work and good values, education and street smarts. It has offered the world’s most disadvantaged not government redistribution but a chance to earn their success. That is true fairness, American-style.
He didnt pay his taxes is why hes locked up now, you really think he would now? But maybe there will be a screen play for blade 4 ready in 3 years.
Assuming you are operating as a sole prphiietorsorp, you should file both incomes together. However, if you are a sole prphiietorsorp, the income flows through to you as regular income and you will need to pay Social Security taxes on the income, unless you are over the income limit on your day job. Don t forget you may be able to take deductions for office space used in your home for the business as well as deduct certain expenses (travel, supplies, etc.). If the business is successful, you probably need to hire an accountant. Was this answer helpful?
“My point exactly. If I earn just under the 92% brecakt, why would I do anything productive to take my earnings into the 92% brecakt.”You could still make that much money, you’d just have to find another way to get rid of it, such as investing it or paying your other employees higher wages, so your personal income isn’t hitting the 92% brecakt. That’s the beauty of it “spreading the wealth around”. That may sound like socialism to you, but it makes the economy work a lot better than one guy (or 2.5% of the population) hording all the wealth.
He just got greedy making millions is not enough they got to steel from the rest of us. Yes I said it the rest of us because that is what tax money is. Hope they keep him locked up and none of the home arrest bull that Linsey is doing. Let him do hard time!
All the money he’s paying lawyers could have gone to the IRS and maybe avoided jail. He’s an idiot.
a few years of cake walk.. that our taxes pay for, to skirt out on a hundred thousand in taxes.. hmm.. sounds like someone got a pretty awsome deal. Wonder if he get’s those conjugal prison visits too?
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The smaller the nmuber, such as zero, the MORE taxes/withholding are taken out. The bigger the nmuber, the LESS taxes/withholding are taken out. I always claim zero in order not to owe taxes come tax time. My paycheck is smaller, but it is better than having to come up with money to pay taxes in April!
My point exactly. If I earn just under the 92% breackt, why would I do anything productive to take my earnings into the 92% breackt.This is an example of the government discouraging productive activity. You can call it progressive or anything you want. The government taking 92% of a dollar I earn is not wisdom – it’s criminal.
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