Guest tony manero Report post Posted December 2, 2005 It's now been revealed that Flair owes $ 1,000,000 in back taxes to the IRS, dating back to 1997. He also has to pay his former wife 20,000 a month. Share this post Link to post Share on other sites
Prophet of Mike Zagurski 0 Report post Posted December 2, 2005 Ric Flair Owes The IRS $1 Million In Back Taxes Submitted by Daniel Pena on Friday, December 2, 2005 at 12:23 PM EST Even more bad news is being revealed about Ric Flair. A story in the Charlotte Observer says that he owes the IRS $1 million dollars in back taxes dating back to 1997. The goverment has had to intervene in his wages and starting this year, they have seized over $200,000 from him so far. One reason as to why Flair is still so active in wrestling these days is because of the serious bills he has to pay. The story also talks about his divorce from his ex-wife Beth in great detail. The story says, "The divorce case file at the Mecklenburg County Courthouse has grown as thick as two phone books, stuffed with financial records, credit card bills and property tax records." And as if Flair doesn't have enough bills to pay, the court has ordered Flair to pay his ex-wife $20,000 a month in support until the case is settled "based on their previous living expenses." http://www.charlotte.com/mld/charlotte/ent...07913.htmsource - PWInsider.com Share this post Link to post Share on other sites
Guest Coffey Report post Posted December 2, 2005 Eh, Triple H & Steph will pay that shit for him. Share this post Link to post Share on other sites
Guest Duke_The_Dog Report post Posted December 2, 2005 Ric Flair wrestles with a divorce Accusations exchanged; IRS was owed a million SCOTT DODD [email protected] Pro wrestler Ric Flair has been pinned by the IRS over back taxes and is fighting a nasty divorce battle with his wife. Flair, one of Charlotte's best-known celebrities, owed the federal government $1 million in 1997, according to a statement from his accountant. The IRS began garnishing Flair's wrestling salary this year, seizing more than $200,000 so far. Flair and his wife Elizabeth separated in February after 22 years of marriage. In a divorce filing, she accuses Flair of "cruel behavior" and says he slapped, kicked, choked, threw, bit and spit on her and pulled her hair. Her complaint, which was filed in May, also accuses Flair of abusing alcohol and steroids, causing him to become "enraged, paranoid, emotionally unbalanced and violent," and says he exposed himself to her friends and committed adultery. Flair acknowledges in court filings that he had a "tumultuous" marriage, but he denies the abusive behavior and steroid use and says his wife is trying to humiliate him with the allegations. He accuses her of destructive behavior and says she hit him -- not the other way around. Flair, whose real name is Richard Fliehr, and his wife did not return calls for comment. Flair's attorney also wouldn't comment on the allegations, saying the divorce "isn't news" because it was filed months ago. "We're defending the case, and we're not going to talk about their domestic problems," said Bill Diehl, perhaps Charlotte's best-known lawyer. "She accused him of being a bad boy. He accused her of being a bad girl. That's where we stand." Flair was in the news earlier this week after being accused of road rage on Interstate 485. The divorce case file at the Mecklenburg County Courthouse has grown as thick as two phone books, stuffed with financial records, credit card bills and property tax records. There's also a letter from the judge, ruling that Flair must pay Elizabeth $20,000 a month until the case is settled, based on their previous living expenses. Judge Jane Harper says the payment includes $2,000 for gifts, which Harper calls "obscenely high although far less than she says she needs," and $200 for religious contributions. "Whether she makes this or not," the judge writes, "I've included it to encourage someone in this family to share a tiny smidgen of their huge wealth with someone besides themselves." The judge also says she'll consider freezing the couple's assets until the case is decided, because Flair used money from a retirement account "to get $92,000 for his girlfriend's finger." Flair, in response to his wife's complaint, denies her charges and says it was her abusive conduct that led him to leave her. His response and counterclaim, filed in August, calls her "emotionally unstable, verbally abusive and physically violent." He also accuses his wife of hitting him in an effort to provoke him into retaliating physically. Charlotte-Mecklenburg Police records going back to 2002 don't show any calls for service relating to domestic abuse at the Fliehrs' south Charlotte home. Elizabeth says she once called police to report abuse and Flair pulled open a wrestling scar to appear bloody, so it would look like she attacked him. Flair says he and his wife have been separated three times and that she condoned and encouraged his "marital misconduct." The wrestler says he is involved with a woman who he has taken on trips and bought gifts, but he invokes his right to privacy on the question of whether the relationship is sexual. Much of the case file deals with the family's financial situation and wrangling over money. Flair says he and his wife "lived well beyond our means" and racked up substantial debt to the IRS and other creditors. In an affidavit asking for support payments, Elizabeth estimates that she spends $65,000 a year on clothing and $50,000 on vacations. She said she spent $50,000 on Christmas gifts in 2004. The family also owns a boat, a country club membership, and a house in the Piper Glen neighborhood with an estimated $1.2 million tax value, according to court records. Flair, known for his "Nature Boy" persona and piercing "Wooooo," said he's due to make $500,000 from his WWE contract this year. But he hasn't received a paycheck since April, he says, due to the IRS' actions. Flair also says he's concerned about his future in wrestling. "I am 56 years old," the star writes, "working in a business that demands physical fitness and is dominated by performers much younger than I. "There is no guarantee that even next year, I will be employed." Share this post Link to post Share on other sites
The Czech Republic 0 Report post Posted December 2, 2005 I'm a little afraid that Flair is gonna off himself if things get really bad. No really. Share this post Link to post Share on other sites
CBright7831 0 Report post Posted December 2, 2005 Mugshot from this morning. AAAAAAAAAAAAAAAAAAAAAAAHHHHHHH!!!!!!! Share this post Link to post Share on other sites
EdwardKnoxII 0 Report post Posted December 2, 2005 Ok here's something I didn't get There's also a letter from the judge, ruling that Flair must pay Elizabeth $20,000 a month until the case is settled, based on their previous living expenses. Judge Jane Harper says the payment includes $2,000 for gifts, which Harper calls "obscenely high although far less than she says she needs," and $200 for religious contributions. "Whether she makes this or not," the judge writes, "I've included it to encourage someone in this family to share a tiny smidgen of their huge wealth with someone besides themselves." So because of GIFTS and religious contributions is part of the reason the payment is so high. And because the judge hopes they might help out someone. Ok whatever. I don't know how to say this but, I just don't get this part. And I hope I'm not the only one. This part made me laugh Elizabeth says she once called police to report abuse and Flair pulled open a wrestling scar to appear bloody, so it would look like she attacked him. Share this post Link to post Share on other sites
The Niggardly King 0 Report post Posted December 2, 2005 I'm a little afraid that Flair is gonna off himself if things get really bad. No really. Share this post Link to post Share on other sites
Guest JMA Report post Posted December 3, 2005 Damn, life really hates Ric Flair. Oh well. Share this post Link to post Share on other sites
Guest JMA Report post Posted December 3, 2005 On the bright side, if Flair comes back he has a ready made feud with this guy: Share this post Link to post Share on other sites
teke184 0 Report post Posted December 3, 2005 Jesus, Ric, get a fucking accountant... This is at least the 2nd or 3rd time that he's been stung for back taxes. Jim Crockett Jr. bailed him out the first time back in the 1980s but he apparently hasn't been looking too hard at the books since then. Share this post Link to post Share on other sites
Si82 0 Report post Posted December 3, 2005 Flair needs to be fired now. Seriously, this guy is a total embarrassment to the company. Share this post Link to post Share on other sites
haVoc 0 Report post Posted December 3, 2005 (edited) Flair needs to be fired now. Seriously, this guy is a total embarrassment to the company. We all know World Wrestling Entertainment stands for class and honor. Ric Flair's antics have been stressful to the McMahon family and Dr. Heiny says stess is bad for your health. Fire Ric Flair now! Edited December 3, 2005 by Fear Havoc Share this post Link to post Share on other sites
Epic Reine 0 Report post Posted December 3, 2005 Elizabeth? I thought Flair's wife was named Beth, or was that a name WCW used. Share this post Link to post Share on other sites
Team Angle Pusher 0 Report post Posted December 3, 2005 Vacate the Intercontinental Title because Ric Flair is "taking time off". I would actually like to see that happen. Then do Chavo Guerrero versus Rob Conway (yes, again) and Chavo wins the right to face Trevor Murdoch. Murdoch/Chavo at NYR, winner becomes new IC Champ. Voila, good feud. Share this post Link to post Share on other sites
Guest JMA Report post Posted December 3, 2005 Vacate the Intercontinental Title because Ric Flair is "taking time off". I would actually like to see that happen. Then do Chavo Guerrero versus Rob Conway (yes, again) and Chavo wins the right to face Trevor Murdoch. Murdoch/Chavo at NYR, winner becomes new IC Champ. Voila, good feud. I think at this point they should just say that Flair was beaten so bad that he had to retire. Flair's injury angle actually works in WWE's favor for this situation. I like the Chavo/Murdoch idea, BTW. Share this post Link to post Share on other sites
Team Angle Pusher 0 Report post Posted December 3, 2005 Ye maybe it's better to say he's injured to bad to wrestle for a while because that also makes Triple H look good for once. Share this post Link to post Share on other sites
Guest JMA Report post Posted December 3, 2005 Ye maybe it's better to say he's injured to bad to wrestle for a while because that also makes Triple H look good for once. Whatever they do they shouldn't mention any of this stuff on TV. Share this post Link to post Share on other sites
SuperJerk 0 Report post Posted December 3, 2005 (edited) Vacate the Intercontinental Title because Ric Flair is "taking time off". I would actually like to see that happen. Then do Chavo Guerrero versus Rob Conway (yes, again) and Chavo wins the right to face Trevor Murdoch. Murdoch/Chavo at NYR, winner becomes new IC Champ. Voila, good feud. I think at this point they should just say that Flair was beaten so bad that he had to retire. Flair's injury angle actually works in WWE's favor for this situation. I like the Chavo/Murdoch idea, BTW. I think its safe to say that Chavo's push has already concluded. Flair's kayfabe injuries from his last match with HHH can easily be used to explain any extended absence/retirement by Flair, so vacating the IC belt certainly seems like a reasonable thing to do. Edited December 3, 2005 by Y2Jerk Share this post Link to post Share on other sites
cameron chaos 0 Report post Posted December 3, 2005 Elizabeth? I thought Flair's wife was named Beth, or was that a name WCW used. Beth is likely short for Elizabeth. Duh. Share this post Link to post Share on other sites
Team Angle Pusher 0 Report post Posted December 3, 2005 Chavo will get a small push I think. He got a huge pop for a "Midcarder" on Heat against Rob Conway. He beat a guy who has had a small push as well lately. Chavo as IC Champion is definately something I can see happening now because the people love him not only because he's Chavo, but because he's related to Eddie in many ways so they cheer for Eddie as well when he comes out. The WWE will do something with his overness. Off-Topic: Woot, my 1000th post! Share this post Link to post Share on other sites
Enigma 0 Report post Posted December 3, 2005 Elizabeth? I thought Flair's wife was named Beth, or was that a name WCW used. You do realize that you can't spell "Elizabeth" without "Beth"...right? Share this post Link to post Share on other sites
snuffbox 0 Report post Posted December 3, 2005 Elizabeth? I thought Flair's wife was named Beth, or was that a name WCW used. Wow. Share this post Link to post Share on other sites
Danville_Wrestling 0 Report post Posted December 3, 2005 The WWE will do something with his overness. Off-Topic: Woot, my 1000th post! Your darn right they will...they'll flush it down the toilet! Share this post Link to post Share on other sites