Gary Busey Officially Wealthier Than US Government
by Whoopie • 30 December, 2012 • Celeb, Humor • 2 Comments
Seriously! He’d only need $450,000 to be able to brag that he’s flat broke.
Contrast that with Uncle Sam who’d have to come up with $16 Trillion to make that claim.
Back in February Gary Busey filed for Chapter 7 bankruptcy saying that he owed $500,000 and had no means whatsoever to pay it back. Well the the judge agreed allowing him to keep his staggering $26,000 in personal assets while wiping out about $57,000 that Busey owed to creditors.
Unfortunately the judgement couldn’t erase the $451,000 Busey owes in unpaid taxes.
Get the specific dollar amount to the penny here:
Actually, Gary owes even more in taxes now. When a judge allows you to write off a debt, the IRS considers that virtual income and you have to pay taxes on that amount. Oh cruel world!
Let this be a lesson about the dangers of becoming addicted to tooth whitening strips.
Gary didn’t return our calls (either because his cell phone account has been deactivated or because he couldn’t get a signal at the homeless shelter where he’s staying).
I am quite sure the majority of American and a large part of third world countries are wealthier than the US Gov’t. Sad…so sad.
Well there ya go, Obama fulfilled one his promises, to make everyone wealthier (relatively speaking). America was the richest nation on Earth and now even a hobo has more money than America. Heck, you’d have to be $17 trillion in debt to be poorer.
Next he’ll make us all millionaires, like them folks in Zimbabwe (where it costs a million devalued Zimbucks to buy a loaf of bread).