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-   -   IRS: Jim Press owes nearly $1 million in back taxes (http://www.ramforumz.com/showthread.php?t=41858)

1970 Charger 09-18-2009 07:57 AM

IRS: Jim Press owes nearly $1 million in back taxes
 
IRS: Jim Press owes nearly $1 million in back taxes

September 18th, 2009 by Bill Cawthon
According to the Detroit Free Press, Chrysler Deputy CEO Jim Press owes the U.S. government nearly $1 million in back taxes and the Internal Revenue Service has put a lien on family’s home in Birmingham, Michigan.
A lien notice filed with the Oakland County Register of Deeds says Press and his wife, Suwichada, have an unpaid balance of $947,409.63 from the tax period that ended December 31, 2007.
Press left Toyota in 2007 to become part of the team Cerberus Capital Management hoped would be able to turn Chrysler around. Since Chrysler was a privately-held company, his compensation package was never revealed but was rumored to be in the range of $50 million.
Neither Press or Chrysler spokeswoman Shawn Morgan had any comment on the matter.

CdnoilRAM 09-18-2009 10:02 AM

...Ouch...

pwrwgnman 09-18-2009 10:09 AM

thats sad that a person makes that much money cant pay their bills, I bet he gets a promotion or a bonus to cover whatever he owes...

chithead 09-18-2009 10:47 AM

You better believe those Democrats in Washington are hunting down every last tax dollar they can get too.

dodgeman70592 09-18-2009 11:16 AM

Quote:

Originally Posted by chithead (Post 82397)
You better believe those Democrats in Washington are hunting down every last tax dollar they can get too.

They have to now after they have run up their national deficit credit card, lol

Studbuster 11-01-2009 01:44 PM

Lock him up!

akins9753 11-01-2009 06:18 PM

More money for them to spend!!!

Zekery360 11-01-2009 06:30 PM

If you make enough money to OWE $1 million, I am pretty sure you have the money to pay it off. I wish I MADE as much as he OWES in 20 years!

CajunDodge 11-02-2009 12:29 AM

Quote:

Originally Posted by Zekery360 (Post 98853)
If you make enough money to OWE $1 million, I am pretty sure you have the money to pay it off. I wish I MADE as much as he OWES in 20 years!

That's my thought. Sheesh, 1 million and I could quit my job with a postcard from wherever it is I decide to go first.....

- Cajun :pepper:

tjcin 11-10-2009 06:15 AM

If you or I owed the IRS $50,000 we would have to pay $50,000. I highly doubt this guy will pay anything close to what he actually owes. We, the taxpayers, will only get .60 on the dollar. The rich get richer. I'd love to ramble on but I have to go to work now and help pay off the national debt.


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