Arianna Huffington's Tax Problems

I have researched the internet on tax problems on Arianna Huffington. According to the Los Angeles Times in 2003, the TV commentator and author, who launched her campaign for governor of California with criticism of "fat cats" who fail to shoulder a fair share of taxes, paid no individual state income tax and just $771 in federal taxes during those few years.

The arguement to the public was, "How does a woman of her wealth, living in a 8,000-square-foot home in Brentwood above Sunset Boulevard valued at $7 million, pay no individual state income tax and just a smear $771 in federal taxes?" According to NewsMine.org in 2003, Huffington's returns showed that at least for the past 2 years, her income was far outweighed by losses. The losses she reported were incurred by Christabell Inc., the private corporation she owns and uses to manage her writing and lecturing business.

I have found that Arianna Huffington was very public with her tax matters. Her own words to the media saying, "There isn't any loophole here. There isn't any dodging here. This is basically putting your income against your expenses." Arianna Huffington is definitely a good example of someone who has paid their income taxes.

Good job Arianna Huffington, keep up the good work as a responsible tax payer! Not everyone files and pays their taxes correctly. If you need IRS help it's best to consult a professional CPA. Joe Mastriano, CPA can help you with all of your IRS and tax problems.

 

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