The first Scientologist with 'Super Power' gets super spanked by bankruptcy judge - 2017-11-01
Forbes has a wonderful article about a bankruptcy ruling involving a wealthy pair of jackasses who got their heads handed to them recently by a fed-up judge.
As writer Jay Adkisson explains, there's a lesson for wealthy people who cry poverty so they can try to get out of paying a huge tax bill — if you're going to do that, at least try to look penniless rather than spend money like Croesus, money that could easily pay your tax debt.
"The debtor who claims to be broke had better at least appear to be broke," Adkisson writes. Instead, this couple, who had brought in $13 million in revenue since they got into trouble with their taxes but refused to make good on a $3.8 million tax debt, didn't even attempt to cut down their spending as the case was going through court: "$722,000 was spent on personal travel (including $233,000 for a rental home in Aspen), a cool half-million on clothing, another $370,000 and change on groceries, (plus another $78,000 eating out) and a miserly $147,000 plus on entertainment…$360,000 on their children, including of course private education for their son. But more important than their children was the private chef, who cost more than $610,000 over eight years."