Thursday, March 5, 2009

Titty Bar Owner Escapes Taxes Through Odom/Mumpower Loophole

Posted By on Thu, Mar 5, 2009 at 7:49 PM

click to enlarge Odom supports tax break for out-of-state titty bar owner
  • Odom supports tax break for out-of-state titty bar owner
On the evening news, Channel 5's Phil Williams rolled a New York titty bar owner, weird rich dude Jack May, Bill Freeman, Gary Odom and Jason Mumpower all into one big giant shitball and slung it at supporters of the state's tax loophole for real-estate moguls. It was beautiful. "It's a Tennessee tax break meant for families," Williams' report begins. (Heh, heh.) "So how did a so-called strip club 'king' from New York end up taking advantage of the legal loophole?" Not only does adult entertainment czar Sam Zherka benefit from the FONCE tax break, so do out-of-state investors from 43 other states. Together, they escape Tennessee taxes on more than $1 billion in commercial property. We loved Mumpower's deer-in-the-headlights moment during the report. "Family-owned businesses are part of what has made this state and this nation great," he says at first. Informing Mumpower about the titty bar owner, Williams asks, "Is that your idea of a family-owned business?" "That wouldn't be, no," the Republican leader answers. Odom looks suitably stupid and knavish too as he tries to defend his support for the tax break and for his Belle Meade buddies. Is it time now for Democrats to unify behind the governor to close this loophole? Do you think?

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