Soros Faces Up to $7 Billion Tax Bill After Delaying Payment for Years

After years of dodging the IRS, George Soros is set to pay a MASSIVE tax bill of nearly $7 billion. From Fox News Despite Soros having advocated for higher taxes on the wealthy, the liberal billionaire reportedly has delayed paying his own for years thanks to a loophole in U.S. law. That loophole was closed by Congress in 2008. But before that, Bloomberg reports, Soros used it to defer taxes on client fees. Instead, he reinvested them in his own fund, and they grew tax-free. Bloomberg, citing Irish regulatory filings, reported that Soros has made $13.3 billion in this way. … Continue reading Soros Faces Up to $7 Billion Tax Bill After Delaying Payment for Years