The founder and CEO of MicroStrategy, Michael Saylor, was sued for tax fraud by the District of Columbia. According to DC Attorney General, Karl. A Racine, the bitcoin maximalist has lived in the District of Columbia for over a decade but has never paid any income tax.
Saylor’s lawsuit has divided the crypto community. While some believe that Saylor acted illegally, others believe that it is a part of the government’s vendetta against Bitcoiners and crypto holders.
Why DC Is Suing Michael Saylor
The Bitcoin maximalist is accused of evading over $25 million in taxes. According to Racine, Saylor claimed to live in the state of Florida. Florida does not have any state income taxes. However, according to the lawsuit, Saylor lived in multiple residences in the District of Columbia.
Importantly, Saylor’s company Microstrategy is also a defendant in the case. According to the lawsuit, Microstrategy had information that pointed out that Saylor resided in the District of Columbia. However, they refused to share the information.
According to the lawsuit, Saylor also claimed to live in the state of Virginia. However, several of his social media posts have mentioned his properties in DC as home.
