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- May 10, 2007
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Infographic: Tax Breaks vs. Budget Cuts
http://thinkprogress.org/2011/03/07/tom-cruise-tax-dodging/
Colorado, Gov. John Hickenlooper (D) is proposing a massive $375 million cut to education funding and proposing to close four state parks. Meanwhile, Tom Cruise, whose net worth exceeds $250 million, pays Colorado just $400 a year in property taxes for a 248 -acre property outside of Telluride that he purchased for $18 million.
How does he do it? By manipulating a tax break designed to help struggling farmers. The Denver Post reports
http://thinkprogress.org/2011/03/07/tom-cruise-tax-dodging/
Colorado, Gov. John Hickenlooper (D) is proposing a massive $375 million cut to education funding and proposing to close four state parks. Meanwhile, Tom Cruise, whose net worth exceeds $250 million, pays Colorado just $400 a year in property taxes for a 248 -acre property outside of Telluride that he purchased for $18 million.
How does he do it? By manipulating a tax break designed to help struggling farmers. The Denver Post reports
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