Schwarzenegger Owes $80K in Taxes

2010 figure soars $32M from year before

(NEWSER) - Some 98,000 federal workers owed $1.03 billion in unpaid taxes at the end of the 2010 fiscal year. While that's fewer employees than in 2009, the amount of cash owed climbed by $32 million, the Washington Post reports. Defense Department workers owed the most, with more than 30,000 employees—including 4,600 civilian employees—in the red by $265 million, while 2% of active duty troops and 2% of reservists owed $339 million. More»

Authorities want to protect privacy, but thwarted by a 'river of cash'

(NEWSER) - The behemoth gossip industry relentlessly ferrets out any and all scurrilous details about celebrities, churning out "rivers of cash" that amount to about $3 billion a year, and often tossing privacy laws by the wayside, reports the New York Times in a lengthy look. And thanks in part to the media feeding frenzy that erupted over Arnold Schwarzenegger's love child , there is a growing movement to shut down that explosion of personal information of dubious legality. “They ought to maybe hook up with the CIA,” said the judge presiding over a case involving Michael Lohan, after seeing the volume of private information the major gossip sites dug up. More»

He had to visit 10 banks to do it

(NEWSER) - The city of Hartford got its most annoying tax payment ever yesterday, when a man showed up with a hand truck full of more than 30,000 pennies. Brian Kiros was furious over his $301.76 tax bill: He’d moved to Vermont a year and a half earlier but had forgotten to return his Connecticut license plates, meaning taxes kept piling up. “I'm like, if they are going to bother me like this, I'm going to bother them,” he tells WFSB . More»

Making bundles of cash doesn't guarantee you won't evade

(NEWSER) - Not too many of us are celebrating Tax Day, but some celebrities are probably even less happy about it than you. The Frisky rounds up 10 who owe back taxes:

• Pamela Anderson: Perhaps Dancing With the Stars will help her pay some of the $493,144 she owes California.
• Wesley Snipes: He actually went to prison after failing to file for a few years and racking up $2.7 million in debt. He was released on a $1 million bond.

Actor owes IRS $6.6M, is suing former manager

(NEWSER) - Nicolas Cage must sell his $10 million Las Vegas mansion to help cover the $6.6 million he owes to the IRS in back taxes and penalties. The Nevada estate is just the latest property Cage has been forced to put up for sale to cover his mounting debt, and the actor is now suing former business manager Samuel Levin, notes the Las Vegas Sun . More»