Remember back in April when you paid your taxes?  Wasn’t that an awful process?  I thought it was for me, and I’m sure it was for everyone else.  However, it’s better to pay it than to wait, as one former New Yorker is finding out.  Marcos Esparza Bofill, a former day trader/hipster from Manhattan’s Lower East Side owes the IRS $172 million dollars in back taxes from 2006 because he didn’t file taxes.

Technically, Esparza owes $172,101,056.48 to the Internal Revenue Service.  Though he doesn’t seem to know what the IRS is, since he’s originally from Barcelona, Spain.  According to friends the New York Post spoke to about the situation, “The first thing he said to me [after learning of the tax bill] was, ‘What’s the IRS?'”  Boy, is he about to learn a lesson.

The amount owed isn’t based on money actually made, but on money he handled during his stint as a day trader.  Really, all Esparza would owe is whatever he made from his trades, but to clear the matter up, paperwork has to be filed with the IRS.  Apparently, his real tax bill won’t be much:  “In the end, he wasn’t even making money [as a trader]. He was definitely taking a loss. He arranged to get some money from a family member and wound up borrowing money again.  He had a very modest apartment. I think he was in a room that all you could fit in was a bed.”

Tags: Manhattan, New York City, Lower East Side, New York, man owes IRS 2 million, 172 million dollars in tax debt, Marcos Esparza Bofill, Barcelona, Spain, man owes 2 million in taxes, giant tax bills, Internal Revenue Service

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