have agreed to pay $40 million to settle a lawsuit by D.C.’s attorney general alleging he defrauded the city of millions in taxes by falsely claiming he lived in Virginia or Florida, D.C. officials said.
“No one in the District of Columbia, no matter how wealthy or powerful they may be, is above the law,” Schwalb said in a statement.he founded in 1989, deny they violated District law and admitted no wrongdoing. “Saylor openly bragged about his tax-evasion scheme, encouraging his friends to follow his example and contending that anyone who paid taxes to the District was stupid,” Schwalb said in Monday’s statement.The city’s suit included a Facebook post from Saylor in 2012 evoking another billionaire inventor — albeit a fictional one from the “Iron Man” movies. Saylor’s post came with a snapshot of his building in Georgetown, where he was combining three penthouse apartments into one.
His lawyers argued that the District’s claims against Saylor should have been thrown out for procedural and legal reasons. “The District’s tax claims are subject to dismissal because there has been no tax assessment, which is a necessary prerequisite,” they wrote in one filing.
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