Thursday October 02, 2014

How EA’s Founder Avoided $26M In Taxes

Imagine how much money you have to make in order to owe the IRS $26 million. eek!

The appeals court concluded that it didn't matter whether Hawkins bought a private jet or lived the high life, so long as he wasn't willfully scheming to evade his tax burden. The majority opinion concluded [PDF] that the law was on Hawkins' side and that "bankruptcy law must apply equally to rich and poor alike."

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