I know you guys saw this go up on the journal.
A decade ago, the hedge fund manager bet against the subprime mortgages ahead of the crash and was one of the whale sized winners. He made $15BN for his funds, and took home his own bonus of $4BN. Now, he owes about $1.5BN to the IRS.
By April 17, the hedge fund manager** must make federal and state tax payments of about $1 billion, on top of roughly $500 million in taxes he paid late last year**, said people close to his firm. That sum is so big it dwarfs the maximum amount the Internal Revenue Service will allow any single taxpayer to pay with a single check. (That's $99,999,999, in case you're wondering)
Dude was managing just shy of $40B at one point, now is at half that.Would you try to hold on to that as long as possible, like he clearly tried to do - or would you just get it over with and pay the damn bill? It's not like he doesn't have enough.. apparently he's still got $9B to his name, and that's just what is public.