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Transcripts for MSNBC The Rachel Maddow Show 20240604 04:04:00

chiselling petty tax fraud, which is both a crazy thing for a super rich person to bother with, right? and it turns out that is exactly the kind of crime that superrich people think they can get away with and that they can t get caught for particularly if they are brazen about it. leona helmsley was having her business pay or provide for her personal living expenses including the salaries for her maids, her private vacation homes in the renovations, even the food there. she had the business pay for all of it instead of her paying for it that meant nothing came out of her pocket, and the business gets to deduct all of that for tax purposes. she was convicted on 33 counts, peoples séamus lee shouted at her on the courthouse steps, she went to prison in 1982. when she got out of prison she had community service hours to perform, she apparently tried

Transcripts for MSNBC The Rachel Maddow Show 20240604 01:04:00

real peach. only the little people pay taxes. she went to prison for that scheme. that scheme in which she used her business as a tool for chiselling petty tax fraud. which is both a crazy thing for a super rich person to bother with. right? and it turns out, it s the kind of crime that super rich people think they can get away with and that they can get caught for, particularly if they are brazen about it. she was having her business pay or provide for her personal living expenses, including the salaries for her made and other servants at her home and the renovations, even the food there. she had the business pay for it. that meant nothing comes out of her pocket and the business gets to deduct that for tax purposes. she was convicted on 33 counts. people famously shouted at her

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