Tax Update Blog: Permalink

« Previous · Tax Update Blog Home · Next »

SNIPES TRIAL, DAY 4

January 23, 2008

The Wesley Snipes tax evasion trial resumed yesterday. It was an unglamorous day of testimony, devoted to identifying documents relating to Mr. Snipes place of residence. Ocala.com has the details.

MARKETS IN EVERYTHING DEPARTMENT

Russ Fox has come up with a more interesting tidbit: betting odds whether Mr. Snipes will be convicted, and what his sentence will be if he is. The numbers:

Will Wesley Snipes be convicted of tax fraud? Yes 1/10 No 3/1

Wesley Snipes' tax fraud sentence will be...
Convicted 1 - 5 years: 1/3
Convicted 5 - 10 years: 7/4
Convicted 10 - 16 years: 10/1
Not Convicted: 5/1

Both sets of odds look about right to me, assuming a "tax loss" of about $13 million, but you can check out the federal sentencing guidelines for yourself before you place your bet.

Tags: Russ Fox.tax crime.tax protesters.Wesley Snipes.

      Bookmark: del.icio.us • Digg • reddit