MySpace boast nets huge tax bill
From Times Wire Services
Be careful when you boast. Oklahoma college students who bragged on MySpace that their party business had served thousands of revelers have been hit with a state tax bill of $320,000.
The Oklahoman newspaper reported Sunday that 2007 tax documents indicate that the party business Kegheadz hosted more than 100 events over nearly five years. But co-founder Julius Baroi estimates his business hosted just over 20 parties in 1 1/2 years, netting less than $2,000.
Another co-founder, Jordan Glover, says tax officials were misled by “hype” on the business’ MySpace site that was designed to attract more partiers.
