Bitcoin Billionaire Saylor Will Settle D.C. Tax Suit For $40 Million

Contributing sentiments towards policy:

59% : "The lawsuit, the first of its kind under the amended D.C. False Claims Act (FCA), alleged that for decades Saylor falsely claimed to live in lower-tax Virginia and Florida to avoid paying the income taxes he would owe to the District of Columbia as a city resident.
49% : For income tax reasons, residency is your physical location and domicile is where you intend to remain.
48% : Most states will consider you a resident for income tax purposes if you spend 183 days or more in that state.
45% : As with federal tax whistleblowing statutes, there are limits -- for tax-related claims to be successful, the District taxable income, District sales, or District revenue related to the action must be $1 million or more for any taxable year, and the harm to the District must be $350,000 or more.
41% : The law was expanded to include specific references to taxation and increase the reward for informants who report tax fraud -- that might have been the impetus for the Saylor filing.
40% : The OAG released a statement from Schwalb, saying, in part, "Tax cheats are freeloading off the backs of hardworking, law-abiding, tax paying District residents while depriving our city of resources needed for critical programs, including public safety, infrastructure, and education.

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