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Is there no end to our disillusionment?
After learning that war hero turned congresscritter "Duke" Cunningham was a tax cheat who took bribes to steer defense contracts, we now learn that a prominent hip-hop figure may also be a tax cheat:
Embattled hip hop magazine, The Source, just sunk a little deeper into the ground.
Co-owner Raymond "Benzino" Scott was fined by the U.S. attorney's office in Massachusetts for failing to file a tax return on an income of $1.5 million in 1999 and 2000, according to The Boston Herald.
"There was an extensive investigation into this matter," FBI spokeswoman Gail Marcinkiewicz told the Herald. "We took a sweeping look at this individual. We were aware of the allegations of murder and everything else. This is what we came up with."
Murder? That's just part of the gangsta life. But cheating on taxes? That's too much. Next thing we'll hear is that they don't file 1099s for all of their cash payments, too.
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Joe Kristan writes the Tax Update items, and any opinions expressed or implied are not neccesarily shared by anyone else at Roth & Company, P.C. Address questions or comments on Tax Updates to