"I Haven't Filed Taxes In 10 years" (And He Make $250,000 A Year)

The Ramsey Show Highlights

Ramsey Network

Investing, Self-improvement, Education, Business

4.5 • 840 Ratings

🗓️ 10 December 2025

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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Transcript

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0:00.0	Brought to you by the Every Dollar app.
0:04.3	Start budgeting for free today.
0:06.8	I haven't paid my R.S. in several years.
0:11.4	Basically, I got out high school 0708, kind of fell into a good job working for foreclosure companies
0:19.0	and started buying up foreclosures and kind of amassed about
0:22.4	got about 26, seven doors rental, but it's all paid for, but I'm at the point I just bought a house
0:32.4	through private financing, but I would like to secure permanent financing, but I haven't done
0:40.2	my federal taxes in several years.
0:42.7	And they're going to want to see tax returns for you to get that financing?
0:46.1	Yes, sir.
0:47.1	And this is the only reason you've decided, I guess you should probably deal with that.
0:52.9	Why haven't you filed?
0:58.9	I'm just kind of of ignorant i guess no you're not ignorant people don't own 27 lentils thank you thank you you're very successful so what has caused
1:06.2	you to just ignore the taxes completely because you filed taxes up until what year?
1:13.3	I think the last time was 16. I did it.
1:17.9	Okay, so we're coming up on 10 years, and nobody's knocked down your door yet.
1:19.3	You haven't got anything in the mail?
1:26.0	No, sir. I haven't, I don't really, on paper, I guess, show making a bunch. Most of that income's in cash.
1:32.2	And you've spent it? Do you have the money to pay all these back taxes, penalties, fees?
1:34.8	I don't have any idea what it would be.
1:37.7	Well, how much have you made in the last 10 years?
1:45.4	I mean, I'm anywhere from 10,000 a month to 15,000 a month, just depending on me. I got a lot of irons in the fire.
	...

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