Celebrity Tax Evaders
In 2010, many athletes faced big time tax problems. Just like the rest of us, famous athletes are required to pay taxes. In addition to the trouble they can face from the IRS, professional athletes are in the spotlight at all times, so the entire world finds out about their financial issues.
Here is a list of six athletes who had tax problems in 2010. Unfortunately, there will be just as many athletes and celebrities with the same issues in 2011 and beyond:
- Reggie Bush. There is no denying that Bush went through a difficult patch in 2010. In addition to being accused of receiving illegal benefits while playing football for the University of Southern California, the IRS has come to the forefront to investigate. There is a good chance that he could be forced to pay as much as $150k in back taxes on the money received during his time in school.
- Mark Portugal. Portugal was part of Major League Baseball from 1985 to 1999. He played for several teams including the Minnesota Twins, Houston Astros, San Francisco Giants, Cincinnati Reds, Philadelphia Phillies and Boston Red Sox. Along with his prowess on the diamond, Portugal became well known when he made the Rhode Island Division of Taxation’s list of Top 100 Tax Delinquents by owing more than $50k in back taxes.
- Steven Bren. In 2010, Bren was ranked 14th on the California Franchise Tax Board list of most delinquent taxpayers. Since his days as a race car driver he has become an art collector and property developer. Bren owes a whopping $2,209,561 in back taxes.
- Rodney Peete. Along with his wife Holly, this former NFL star owes more than $156k in back taxes. The couple claims that they knew nothing of the lien that was assessed. They have since fired their accountant.
- Jeremy Mayfield. As the 1993 Auto Racing Club of America Rookie of the Year and 1987 Kentucky Motor Speedway Rookie of the Year, Mayfield is well known in the NASCAR world. Unfortunately, he has fallen on tough times. In addition to testing positive for methamphetamine he owes more than $297k in back taxes.
- Vinny Paz. As a boxer from 1988 to 2002, Paz gained recognition as the lightweight and light middleweight world champion. In 2010, he was added to the Rhode Island list of the top 100 tax delinquents – coming in at spot 21. He currently owes $195,826 in back taxes.
These six athletes faced major tax trouble in 2010, and need to rectify these issues as soon as possible.