Wednesday, March 27, 2013

WHY didn't she see THIS coming!?

Everybody remember Dione Warwick?  She was a very successful singer in the 60's and 70's, but by the 1990's she was on late night TV, doing a Psychic Hotline.  A hotline that promised a look at your future not limited to but including looks at your love life and FINANCIAL FUTURE!.
Singer Dionne Warwick declares bankruptcy citing $10M in back taxes

Dionne Warwick, the singer and actress who was a regular at the top of the Billboard chart for four decades, owes more than $10 million in back taxes and has only $10 left at the end of each month after paying expenses, according to a petition filed in U.S. Bankruptcy Court in New Jersey last week.

The 72-year-old five-time Grammy Award winner, who lives in a 3,200-square-foot home in South Orange and won awards for songs like "I'll Never Fall in Love Again," "That's What Friends are For" and "Raindrops Keep Falling on My Head," pays $5,000 a month for housekeeping.

The East Orange native also pays $4,000 for a personal assistant and another $11,940 in other monthly expenses, the bankruptcy petition stated.

Warwick, who filed Chapter 7 bankruptcy Thursday, has $25,500 in assets and $10.7 million in liabilities, according to the court papers.

Among the valuables listed in her bankruptcy petition: Two fur coats and two sets of diamonds earrings that have a combined value of $13,000; gowns and everyday clothing worth $5,000; and artwork and paintings worth $5,000.

Warwick owes nine years of back taxes, totaling $7 million, to the federal government and $3 million to the state of California, according to the bankruptcy petition.

Kevin Sasaki, Warwick's publicist, said in a statement today that "due to several consecutive years of negligent and gross financial mismanagement" she realized the "current necessity to file personal bankruptcy."
Warwick lives off of her performance income, which varies from month to month, and a monthly $14,000 pension from the Screen Actors Guild, said her attorney, Daniel M. Stolz. She also receives $1,000 in royalties a month, according to the petition.

Stolz said Warwick paid more than $1 million toward back taxes she owes, but because of interest and penalties, her tax liability "continued to mushroom."
The real problem is that LAST paragraph. 

The government of a country FOUNDED because of onerous tax rates and collections and PUNISHMENTS, should NEVER be able to inflate $"X" in Tax Debt to 10 TIMES that amount of Tax Debt via Bureaucratic Fiat!  We should not be running the IRS at ALL for collections and enforcements wearing jackboots and flack jackets, much less like this.

That sh1t needs to stop, and we need a fair tax, flat tax, SOMETHING other than the stupid plan we currently endure.


Spider said...

Her problem is called, "livin like a nigga". To see a perfect example of this, just look at the family living in the WH. In their case of course, they can afford to live like niggas because it's our money they're pissing away.

It's a common problem among certain groups, especially members of that group who have the good fortune to make obscene amounts of money, then simply piss it away. Having lots of money doesn't mean you're not poor.

Schteveo said...

Holy bat shit man!

Have the AA kids in your neighborhood, been shitting in your shrubbery? I'm addressing the IRS having too much power, you're going after Barry and Moochelle!

SRK said...

Psycho hotline....she can ask her niece, Whitney, for the upcoming winning lottery numbers

Spider said...

Hey bud, if they did, their bodies would still be in the shrubs.

Richard Niggah said...

Ddi you read the part where her income is only $21,000 a month?

Anonymous said...

That just about covers the family's monthly crack bill.

Spackle Jack said...

it would take more than that to fill her crack.

Jack Mehoff said...


Anonymous said...

Should have said SHPAKEL

Hairy Creams said...

Speaking of cumming....I'm done

John Cee Homos said...

I'm not available for the encore performance of Sex Trek, the Next Penetration

Lynda Luvface said...

I find that hard to swallow

Nuke the Gook said...

North Korea's Li'l Bastard should be Pootinated, Snorpht out!

Nuke the Gook said...

North Korea's Li'l Bastard should be Pootinated, Snorpht out!

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