The tax world had its eyes on Wesley Snipes last week, who was on trial for tax evasion. I hate cases like this. Snipes didn’t report income of tens of millions of dollars and didn’t pay taxes on it. The rest of us pay our taxes, and most of us aren’t as well-to-do as Snipes. But we do it because it’s the law and it’s the right thing to do (no matter how much we hate it).
Yet Snipes gets mostly off the hook last week. He’s all kinds of happy because he was acquitted of felony charges of tax fraud and conspiracy. But he was convicted of three misdemeanor charges of failing to file tax returns. OOOOOH.
His attorney said Snipes didn’t commit fraud.. that he “had no bad intent.” Really? Well what do you call it when you fail to report $38 million in income? From 1999 through 2004, he didn’t file taxes and was involved with a group (American Rights Litigators) known for selling people tax advice that amounted to fraudulent schemes to avoid paying taxes.
Read moreWesley Snipes convicted of 3 misdemeanors, but he mostly still wins