Black Entertainment : Dionne Warwick files for bankruptcy: Singer owes over $10 million, has just $25K in assets

[Shikamaru]

anyone who cannot manage on $252k/year is not worthy of much consideration….

Easy, easy ....

When you have more lifestyle than income, the eventual result is insolvency.

 

[Khasm13]

she has more money than that....she just doesn't want to pay uncle sam....

one love
khasm

 

[Shikamaru]

she has more money than that....she just doesn't want to pay uncle sam....

one love
khasm

Could be! I hadn't even considered that.

To me, it makes no sense to try to cheat/evade the IRS. They have armies of bureaucrats and armed officers.
There are so many deductions, loopholes, and other items in the tax code. With some tax structuring, one would be good to go.