Another List Not To Be On

The Franchise Tax Board (California’s Income Tax Agency) has published its list of the top 250 debtors to the FTB. You can find the list here.

Rapid America Corporation heads the list, with a debt of $26.8 Million. The largest individual debtor is Waheed U Begum who owes $10.6 Million. Some famous individuals are on the list; for example, Dionne Warwick owes $2.7 Million.

The list will be updated semi-annually. The goal is to shame people into paying their taxes. It will be interesting to see if it works.

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