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cougar
Cooter
Joined: 02 May 2007
Posts: 8243
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 Posted: Tue Oct 27, 2009 10:15 pm Post subject: |
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the man obviously has an addiction problem to shopping.
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Wallybob
in need of a shocker
Joined: 13 Jul 2009
Posts: 4
Location: Burminham
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| Posted: Wed Oct 28, 2009 12:05 am Post subject: |
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Fooker's gonna go down. The defense witnesses were almost like the govt witnesses.
Bad job on the D
Woot!
appeal will be based on judge's overruling of motions or objections.
wally the govt. geek's opine
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Bobby Peru
weedtard
Joined: 02 May 2007
Posts: 1889
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| Posted: Wed Oct 28, 2009 2:27 am Post subject: |
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| vcthree wrote: | | an IRS guy was a witness for the prosecution and lala owes them a lot of money, he never reported the loans, so i'd say those sound fairly solid. |
Well that's the rub. You don't pay taxes on loans or "gifts", according to the defense. The no tax on loans thing sounds about right and I'm sure many gifts aren't taxable too. Not sure about Larry's "gifts" though. So, according to the defense, the IRS can't touch him if he wasn't bribed. To hear the defense, only illegal earnings are taxable. This is likely true. It takes about 20 minutes of homework to verify and, AFAIK, the witness for the IRS didn't disagree.
Like I said, I'm worried. If he gets off, I'm afraid it will be because none of the witnesses for the prosecution testified to any quid pro quo conversations. |
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cougar
Cooter
Joined: 02 May 2007
Posts: 8243
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| Posted: Wed Oct 28, 2009 2:33 am Post subject: |
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you don't have to pay taxes on gifts up to $10. he got $280k worth of them.
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dib
5 shockers
Joined: 10 Aug 2008
Posts: 671
Location: Center Point
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| Posted: Wed Oct 28, 2009 12:25 pm Post subject: |
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I've heard Langford speak (years ago when I worked for SouthTrust), and was getting my hair cut one day while he was getting his shoes shined at the barber shop on Morris Avenue, during his mayoral campaign.
Langford can charm the skin off a snake. He can talk his way out of a paper bag. I cannot believe he did not testify on his own behalf. The defense is scared, after the judge wouldn't allow them to use character witnesses to say that he gave away all his ill-gotten gains.
I am such a doubting Thomas when it comes to these things. I am glad the trial isn't in Birmingham, where he would have surely been acquitted, just like Scrushy was in his Health South criminal trial (he was convicted later for bribery, not for accounting fraud).
I just hope the good constituents of west Alabama have enough info to convict him. Road paving and dome building won't get him out of this one!
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Bobby Peru
weedtard
Joined: 02 May 2007
Posts: 1889
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| Posted: Wed Oct 28, 2009 1:46 pm Post subject: |
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| Quote: | Who pays the gift tax?
The donor is generally responsible for paying the gift tax. Under special arrangements the donee may agree to pay the tax instead. Please visit with your tax professional if you are considering this type of arrangement. |
http://www.irs.gov/businesses/small/article/0,,id=108139,00.html
I was mistaken. It took 15 seconds of research. |
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vcthree
3 shockers
Joined: 15 Sep 2009
Posts: 216
Location: burning ham
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| Posted: Wed Oct 28, 2009 2:55 pm Post subject: |
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| gees, i didn't realize that bill blount made over 7 million bucks from those bond deals. no wonder he could afford to pay for lala's suits and rolexes. |
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Oliver
sausage ™
Joined: 16 Aug 2007
Posts: 321
Location: Nashville,TN
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| Posted: Wed Oct 28, 2009 5:58 pm Post subject: |
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There was a segment on NPR here in Nashville about him.
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owsley9
cupcake's bitch, always and forever.
Joined: 25 Jun 2007
Posts: 1637
Location: The Ham
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| Posted: Wed Oct 28, 2009 6:27 pm Post subject: |
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It's all in the jury's hands now...
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cougar
Cooter
Joined: 02 May 2007
Posts: 8243
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| Posted: Wed Oct 28, 2009 6:46 pm Post subject: |
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break out the violins 
| Quote: | :
#Langford gave more to Blount than Blount have to Langford. Raz says. Not literally, but more of his heart. |
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owsley9
cupcake's bitch, always and forever.
Joined: 25 Jun 2007
Posts: 1637
Location: The Ham
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| Posted: Wed Oct 28, 2009 9:37 pm Post subject: |
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GUILTY on all charges!
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dib
5 shockers
Joined: 10 Aug 2008
Posts: 671
Location: Center Point
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| Posted: Wed Oct 28, 2009 9:45 pm Post subject: |
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I CANNOT FREAKING BELIEVE that he was found guilty!!!!!!! Long live Carole Smitherman!
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cougar
Cooter
Joined: 02 May 2007
Posts: 8243
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| Posted: Wed Oct 28, 2009 10:06 pm Post subject: |
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fuck yeah! boo to smitherman!
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dib
5 shockers
Joined: 10 Aug 2008
Posts: 671
Location: Center Point
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| Posted: Wed Oct 28, 2009 10:19 pm Post subject: |
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Not that I care for her, but she's the new mayor, at least until the next election.
As long as Crazy Larry isn't in office, and is behind bars (at least in the next 3-6 months) then so be it. He's got to come up with some serious cash too.
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Bobby Peru
weedtard
Joined: 02 May 2007
Posts: 1889
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