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Taxes and trouble
“Make sure you pay your taxes; otherwise you can get in a lot of trouble.”
-- Richard M. Nixon
Richard M. Nixon is famously known for declaring, "I am not a crook." That pronouncement came during a 1973 news conference during which Nixon defended himself against claims that he had illegally profited from his public service.
But the 37th president also had some good tax advice. He spoke from experience. Nixon's taxes filed between 1968 and 1972 were audited, primarily in connection with an unusually large charitable donation. The IRS eventually determined Nixon owed an extra $476,431; that's around $2.5 million in today's dollars.