DCG posted: " Hollywood Reporter: Robert Redford is suing New York state
related to the sale of Sundance Channel. The actor-director sued the New
York State Department of Taxation and Finance in Albany County Supreme
Court on July 30 claiming that he's being ove" Respond to this post by
replying above this line
New post on *Fellowship of the Minds*
<http://fellowshipoftheminds.com/author/dcgere/> This is rich: Robert
Redford Sues New York State Over $1.6 Million Tax Bill
<http://fellowshipoftheminds.com/2014/08/07/this-is-rich-robert-redford-sues-new-york-state-over-1-6-million-tax-bill/>
by
DCG <http://fellowshipoftheminds.com/author/dcgere/>
[image: redfor]
<https://fellowshipofminds.files.wordpress.com/2014/08/redfor.jpg>
Hollywood Reporter
<http://www.hollywoodreporter.com/news/robert-redford-sues-new-york-723722?mobile_redirect=false>:
Robert Redford is suing New York state related to the sale of Sundance
Channel.
The actor-director sued the New York State Department of Taxation and
Finance in Albany County Supreme Court on July 30* claiming that he's being
overtaxed on money his company made* when it sold off a stake in the
channel in 2005.
According to Courthouse News Service, *Redford is being taxed
<http://www.courthousenews.com/2014/08/05/70125.htm> $1.6 million by New
York* ($845,066 in taxes plus $727,404 in interest owed) on the money he
made. But Redford, a Utah resident, *says he paid taxes on the revenue in
Utah and therefore doesn't owe New York*.
He is seeking "a declaratory ruling on a pure question of law concerning
the constitutionality of imposing on plaintiff, a nonresident of the State
of New York, a personal income tax on the gain derived from the sale of an
ownership interest in a limited liability company," according to the
complaint.
The lawsuit deals with the nuances of an "S corporation," which aren't
owned by a large amount of stockholders but *rather are closely held with
profits passing to individual owners*. These owners, in turn, report
profits and losses on their own individual income tax. Redford says he did
that on his own personal tax returns in Utah from 2005. Now,* he's
concerned about double taxation* if forced to account for the passive S
Corporation that once controlled Sundance Channel. Redford's complaint
paints his corporate assets as not holding "any property, payroll or
receipts, located in or deemed attributable to the conduct of a trade or
business in New York."
*Redford is asking for a judgment that he doesn't owe the money, plus
attorneys' fees and costs.*
In 2008, Redford and his Sundance Channel partners NBCUniversal and CBS
Corp. sold Sundance Channel to Cablevision's Rainbow Media, which was later
spun off and renamed AMC Networks, in a $496 million deal. The network was
rebranded as SundanceTV earlier this year.
As noted by someone on Twitter, Redford said this
<http://www.utsandiego.com/uniontrib/20061029/news_1m29prop87.html>in
reference to Prop 87 (to create an oil tax and provide $4 billion for
alternative energy research):
*"A longtime activist, Redford, 70, said he worked for Standard Oil Co. in
El Segundo for three years before his movie career took off, so he knows
how damaging oil extraction is to public health. “The oil companies have
been simply getting away for too long with not paying their fair share,” he
said."*
h/t Twitchy
<http://twitchy.com/2014/08/06/not-very-economically-patriotic-robert-redford-sues-to-avoid-paying-taxes/>
DCG
*DCG <http://fellowshipoftheminds.com/author/dcgere/>* | August 7, 2014
at 3:30 am | Tags: Robert Redford
<http://fellowshipoftheminds.com/?tag=robert-redford> | Categories: Hollywood
liberals <http://fellowshipoftheminds.com/?cat=437662>,
Liberals/Democrats/Left <http://fellowshipoftheminds.com/?cat=115894710>,
Taxes <http://fellowshipoftheminds.com/?cat=7716108> | URL:
http://wp.me/pKuKY-rsA
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