Magic Mike - MicroStrategy and Michael Saylor
But things haven’t been all roses for him lately …
And to make matters even worse, the D.C. attorney-general sued @Saylor for tax evasion.
He avoided paying income taxes in D.C. 🏛️ by claiming to be a resident of Florida 🏖️, a jurisdiction that has lower income tax rates.
"You can tell them to go f* themselves. Oh, my Bitcoin? I lost it in a boating accident. It's kind of a trope, but what it means is at the end of the day, if you push me too far, I lost it. Sorry, tax that!"
@saylor @Bitcoin @MicroStrategy The lawsuit claims that @Saylor continued to reside in D.C. for at least 183 days during many taxable years. If the case is successful, it could end up costing him 100 million. 💰💰💰
" Florida is where I live, vote, + have reported for jury duty, and it is at the center of my personal + family life. Looking forward to a fair resolution in the courts.”
If Bitcoin becomes a 100 TRILLION asset class (300x from here), @Saylor sure won´t have trouble paying the potential tax evasion bill.
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🔚 (9/9)This post is based on this twitter thread.