Skip to comments.SOROS NAILED: Liberal Sugar Daddy George Soros May Face A ‘Monster’ Named, “Tax Evasion
Posted on 07/27/2015 9:35:51 PM PDT by george76
SOROS NAILED: Liberal Sugar Daddy George Soros May Face A Monster Named, Tax Evasion. Which will Eat Away his Political Power. [ Full title].
George Soros is one of the lefts most powerful money men.
In January of this year, Western Journalism reported on the millions of dollars that liberal billionaire George Soros and his politically involved foundations gave to help various groups of Ferguson protesters.
Buses of activists from a litany of organizations all funded in part by Mr. Soros showed up in the Missouri city scorched by riots related to the police-involved death of Michael Brown.
Soros, of course, is widely recognized for his generous support of liberal causes, politicians, lobbying efforts, and media organizations.
The website DiscoverTheNetworks.org has compiled an eye-opening list of many dozens of groups funded directly or indirectly by George Soros and his Open Society Institute. Among the recipients of Soros millions are or have been:
Air America Radio (now defunct), American Federation of Teachers, American Immigration Law Foundation, American Institute for Social Justice, Arab American Institute, Center for American Progress, Democracy Alliance, Feminist Majority, Immigration Advocates Network, Media Matters for America, MoveOn.org, National Council of La Raza, Planned Parenthood, Southern Poverty Law Center, Think Progress, Tides Foundation, and The Democratic Party, among many others.
A Fox News report in 2014, prior to the mid-term elections, noted three other significant organizations supported generously by George Soros groups that mainstream media coverage failed to identify as benefiting from the billionaires funding.
The Center for Public Integrity has received $2,716,328 from Soross Open Society Foundations since 2000.
the Center for Responsive Politics has received $725,000 from Soros foundations since 2000.
the Soros-funded Sunlight Foundation has received $1,377,066 from Soross foundations since 2008.
But now, according to a report by Bloomberg Business, George Soros may face a monster that could take a huge bite out of his fortune, cutting deeply into the amount of money he has to shower upon his far-left friends.
That ravenous monster, according to Bloomberg reporter Miles Weiss, is a massive tax bill that might rear its ugly head as a result of the 84-year-old mega-donors use of a loophole that has allowed him to defer billions in taxes.
Because Congress closed the loophole in 2008, hedge fund managers such as Soros have been ordered to pay up by 2017 in accordance with applicable tax rates.
Applying those rates to Soross deferred income would create a tax bill of $6.7 billion, Weiss wrote.
Ironically, as Fox News points out, Soros has long advocated for higher taxes on the wealthy, even as he took advantage of a U.S. law that allowed him to defer paying his own fair share to Uncle Sam.
He also apparently tried to move a lot of his money offshore to avoid having to cough up a huge wad of dough as a result of the tax loopholes closure by the Congress.
Soros moved assets shortly before the change to Ireland, seen as a possible shelter from the law. But tax attorneys told Bloomberg they dont know of a way for money managers to avoid the bill in 2017, the Fox News article states.
It will be interesting to watch for any political favor the White House might be able to do for Soros concerning his lurking monstrosity of a near-$7 billion tax bill, especially in light of the alliance Western Journalism recently told you about with regard to Soros support of President Obamas amnesty for illegal immigrants.
I am sure Obama’s justice Dept. and Obama’s IRS will get riiiiiiight on that.....
Right after they make the Reverund Sharpton pay his taxes.
It’ll never happen but seeing George Soros in federal prison would be just perfect.
Soros could seek asylum and sanctuary in Russia.
...along with far-left zealots Billy Gates and Warren Buffett as cellmates.
Well... Looky here what you done dug up!!! Good on ya!!!
Please Lord, make Soros vulnerable.....and please don’t allow the Obama Admin to thwart the Law AGAIN!
Wow, a 6 billion plus back taxes bill should put a halt to his generosity to those who undermine our nation.
If it were $6.00, they ‘d be all over this. But $6B, not a big deal.
“Move along, nothing to see here.”
2017 is outside of beezelbama’s term save 19 days.
Puleeeze make this true...
I won’t hold my breath. People like that are never held accountable.
right. its his today but not in 2017
Soros would spend that money to destroy our nation directly before he’d pay a penny of it in taxes.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.