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Road Racing: Professional: Discussion of Professional Motorcycle Road Racing, such as MotoGP, AMA, World SuperBike, etc. | |||||||
02-12-2008, 9:00 AM
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| Join Date: 01-16-2008 Location: Scranton Area PA
Bike(s): 2005 CBR 1000RR Posts: 352
Rep:  (43) Rep Power: 1
| Valentino Rossi needs to pay taxes..... He agreed to pay 35 million Euros in back taxes to the Italian .gov.  In return the .gov will not prosecute him for tax evation.  | |
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02-12-2008, 9:01 AM
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| Join Date: 01-16-2008 Location: Scranton Area PA
Bike(s): 2005 CBR 1000RR Posts: 352
Rep: (43) Rep Power: 1
| Re: Valentino Rossi needs to pay taxes..... |
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02-12-2008, 11:05 AM
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| Team Visa Racing   Join Date: 05-29-2001 Location: Campbell, CA
Bike(s): 04 GL1800A,00 929RR,87 CR500R,81 CB900F,71 CB836K1 Age: 45 Posts: 3,720
Rep: (413) Rep Power: 15
| Re: Valentino Rossi needs to pay taxes..... DAYAM! That's about 70 million dollars.
__________________ Ride Red |
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02-12-2008, 12:27 PM
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| Join Date: 05-28-2007 Location: so cal
Bike(s): '02 RC51 & '99 R1 Age: 33 Posts: 157
Rep: (10) Rep Power: 2
| Re: Valentino Rossi needs to pay taxes..... I think I'm in the wrong business.$$$ |
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02-12-2008, 2:26 PM
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| Team Visa Racing Join Date: 05-29-2001 Location: Campbell, CA
Bike(s): 04 GL1800A,00 929RR,87 CR500R,81 CB900F,71 CB836K1 Age: 45 Posts: 3,720
Rep: (413) Rep Power: 15
| Re: Valentino Rossi needs to pay taxes..... Come to think about it; What a complete idiot! He should've payed his taxes when they were due and the Euro was worthless... 
__________________ Ride Red |
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02-12-2008, 2:55 PM
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 Join Date: 01-26-2002 Location: DeeFDubya
Posts: 6,089
Rep: (137) Rep Power: 14
| Re: Valentino Rossi needs to pay taxes..... You think it was him or an accountant to blame? I would say that a professional rider, such as him, doesn't have time to be the ace of the tax code and he has people working for him that take care of that. Someone working for him gave him real bad advice. Also it's 20 million Euros, at least what I read, not 35. autosport.com - MotoGP News: Rossi reaches settlement in tax probe |
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02-12-2008, 3:06 PM
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| Team Visa Racing Join Date: 05-29-2001 Location: Campbell, CA
Bike(s): 04 GL1800A,00 929RR,87 CR500R,81 CB900F,71 CB836K1 Age: 45 Posts: 3,720
Rep: (413) Rep Power: 15
| Re: Valentino Rossi needs to pay taxes..... Last time I check, my accountant told me that I was responsible for my own taxes. Even if he was the one preparing them. One year the IRS came calling because I didn't report my unemployment insurance money. I was stunned that my accountant didn't add that as I didn't know it was taxable, and he didn't tell me. Of course I forgot to mention it to him (because I didn't know). I figured he was responsible because he garrantied his work. After I got off the phone with him, I promply sent a personal check to the IRS. NO! It ain't the accountants fault!
__________________ Ride Red |
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02-12-2008, 3:18 PM
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| Join Date: 01-26-2002 Location: DeeFDubya
Posts: 6,089
Rep: (137) Rep Power: 14
| Re: Valentino Rossi needs to pay taxes..... Sure it comes to down to his responsibility but I don't think there is anything to get angry about! With as much as he makes (more than any of us) you have to have people working for you, especially an accountant. |
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02-12-2008, 5:22 PM
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| Team Visa Racing Join Date: 05-29-2001 Location: Campbell, CA
Bike(s): 04 GL1800A,00 929RR,87 CR500R,81 CB900F,71 CB836K1 Age: 45 Posts: 3,720
Rep: (413) Rep Power: 15
| Re: Valentino Rossi needs to pay taxes..... I'm just angry about the whole, "We garranty our returns." But in reality, they don't garranty chit! And this was over two decades ago!
__________________ Ride Red |
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02-13-2008, 8:51 AM
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| Join Date: 01-16-2008 Location: Scranton Area PA
Bike(s): 2005 CBR 1000RR Posts: 352
Rep: (43) Rep Power: 1
| Re: Valentino Rossi needs to pay taxes..... Quote:
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