As a tax accountant and former bank loan officer, I've met my share of douche bags who are more than willing to borrow and/or steal from the bank or IRS and Terry Hoskins, in the video below, is one of them.
Here's what Terry buddy doesn't tell the news.
1) He might have been current on his mortgage but his residence was put up as collateral for a business loan which he defaulted on. He might have been current on his mortgage but if he used money from his business to pay his mortgage and not his business loan, what's the difference?
2) Good citizen Terry also fails to mention that he owes over $30,000 in delinquent real estate taxes. How long should Terry here be allowed to live in a place without paying for the schools and infrastructure in his community?
3) He claims to have several liens on his property from the IRS. For all the issues I might have with the government, the IRS doesn't make it a habit to slap liens on property for late personal income taxes (unless it's something extremely egregious).
They do make it habit to bitch slap business owners who owe back payroll taxes. See the way the IRS sees it, those taxes are not your money or the government's money but the money of Joe Employee who gave it to you via payroll withholdings to forward to the government. In essence, you stole from your employee. The feds get very pissy about that.
To hear Terry tell it, he built that property with his own blood, sweat and tears. What he doesn't tell you is that he borrowed from lot's of resources, some illegal, to build up his property.
Now that he's bulldozing his building it's no different than him holding up the bank for $350,000. He basically stole that money to pay his mortgage before forwarding it to the government and the bank.
There's several bloggers who support this douche bag. The lefties because he's sticking it to the bank; the righties because he's sticking it to the feds. But who's really getting shafted here is the American public.
See, the public will pay for this guy's sins either through higher bank fees, higher insurance premiums, higher taxes, etc. The bottom line we'll pay for this asshole.
So if you are someone who thinks this is funny or support it; you are an asshole too.
So let me ask, on November, 2008 did this guy pull the lever for The One or The Maverick?
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