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RumRiverRat

So the Pohlads also are tax cheats.

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Apparently when penny pincher Carl transferred his ownership stake in the Twins to his kids he severely undervalued his stake at 24 million.

From Forbes,

Quote:
according to a previously unreported lawsuit filed by Pohlad’s estate in U.S. Tax Court last month, it valued his Twins stake as just $24 million for tax purposes. IRS auditors disagreed, pegging it at $293 million and slapping his estate with $121 million in extra taxes for the team, plus a $48 million (40%) penalty for gross valuation misstatement.” $24 million ... $293 million … those are rounding errors.

Maybe Mauer can forfeit some of his absurd salary to help the billionaires out.

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The red flag might have been he'd paid 38 million for the team in 1984.

I can promise my family I won't leave them problems like this, Rest easy kids.

And, I don't blame "The Pohlads". Just Carl.

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Maybe Carl used the expected future value after the team loses 90+ games for the third year in a row and the M&M boys have been traded away. laugh

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As our states top DFL and DNC fundraisers; the Pohlads are going to end up paying a much reduced penalty than what is currently being sought by the IRS. 2-3 years from now buried on page 13 of the strib will be a statement regarding a $3 million settlement between the government and the Pohlads.

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That's how they get the money they have. Make a few here, beat the Gov out of a few there.

That's what makes them billionaires. You don't make a couple billion without knowing how to cut some corners. I owed the government about $1500 for some college loans, they found that in a heartbeat.

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I'm for more tax breaks for these wealthy job providers.....I mean, we would have a shrinking middle class if it weren't for them....Oh, that's right , we do have a shrinking middle class!....Hmmm!

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