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Loki-Don t1_iwbt5xs wrote

I will never understand such profligate tax fraud. I mean, as a legitimate billionaire, he could have paid his taxes without one scintilla of an effect on his standard of living. Meh could have still bought all the houses and yachts, still lived the lifestyle he was living and he wouldn’t have noticed.

But you go to all that trouble. You implicate your company and it’s employees who you forced to cover for you, all the while bragging about it to your rich buddies.

Well, This is the easiest money the District treasury has ever made. The fines alone will be multiples of the cost for DC to pursue, let alone all the back taxes.

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LeoMarius t1_iwbwmnc wrote

The Koch Bros spent more money trying to control Congress than they would have paid in taxes in the harshest tax scheme proposed in the last 30 years.

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Most_kinds_of_Dirt t1_iwc3yat wrote

They've actually gotten a great ROI from their lobbying:

>Only the Kochs know precisely how much they have spent on politics. Public tax records show that between 1998 and 2008 the Charles G. Koch Charitable Foundation spent more than forty-eight million dollars. The Claude R. Lambe Charitable Foundation, which is controlled by Charles Koch and his wife, along with two company employees and an accountant, spent more than twenty-eight million. The David H. Koch Charitable Foundation spent more than a hundred and twenty million. Meanwhile, since 1998 Koch Industries has spent more than fifty million dollars on lobbying. Separately, the company’s political-action committee, KochPAC, has donated some eight million dollars to political campaigns, more than eighty per cent of it to Republicans. So far in 2010, Koch Industries leads all other energy companies in political contributions, as it has since 2006. In addition, during the past dozen years the Kochs and other family members have personally spent more than two million dollars on political contributions. In the second quarter of 2010, David Koch was the biggest individual contributor to the Republican Governors Association, with a million-dollar donation. Other gifts by the Kochs may be untraceable; federal tax law permits anonymous personal donations to politically active nonprofit groups.

https://www.newyorker.com/magazine/2010/08/30/covert-operations

So they'd spent about $250M in publicly traceable contributions by 2010. Let's double that for any contributions they've made since 2010, and multiply everything x 10 to make a guess at their untraceable contributions, so a ballpark of $5 billion total.

$5 billion is only about 4% of their $120B net worth. They've almost certainly saved that much from favorable taxes and delaying climate change legislation, so it's been a pretty good deal for them.

May they burn in hell.

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ekkidee t1_iwbu9x4 wrote

Greed is a cruel mistress. There have been plenty of small-scale studies on this, but once greed sets in, a lot of other personality traits are pushed aside.

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sol_in_vic_tus t1_iwbx99a wrote

Yeah as one friend put it, "the rich have a revealed preference for more money."

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Fit-Negotiation-2917 t1_iwewhes wrote

Disagree. A lot of facts will come out in discovery but proving residency is not an easy task, particularly for those with multiple houses.

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Loki-Don t1_iwexkor wrote

Reading comprehension is key. They are subpoenaing his corporate records and correspondence where he ordered his staff to claim his residency in FL despite him living here.

The whistler blowers have already compiled the info, and know to the minute when he was in the District based on his meeting scheduled, travel schedules etc.

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Fit-Negotiation-2917 t1_iwfb7th wrote

Yes hence why I said a lot of facts will come out in discovery. Did you read that part?

The whistle blowers have compiled a lot of info based on information and belief which is fine for a complaint but not too much for actually winning a lawsuit.

The complaint cited Facebook posts and private plane tracking for its accusations which, again, will get through the pleading but they will need to get a lot of stuff out of discovery to win this.

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