Stretching the truth isn't always a terrible thing, but five Oklahoma University students and alumni are facing expensive consequences from doing just that. The group headed up Kegheadz and created a MySpace video with the intent of promoting their party services, and after the video was viewed by the Oklahoma Tax Commission the guys got hit with a heavy tax bill.
In their video, the Kegheadz founders bragged about serving over one billion partygoers as a way to generate buzz. The Tax Commission heard the claim and recognized that this apparently successful enterprise hadn't ever paid taxes. The five guys are planning to fight the $320,000 tax bill under the claim they only made about $1,700 during the year and a half Kegheadz existed. They are learning the hard way that even on MySpace, someone is always watching.
DAY Birger et Mikkelsen
wow - that's INSANE that this could happen to these guys. i can understand why they would brag about the number of people that they've served - and i would have assumed that people would have realized that it's just bragging and not realistic for the number of folks that they would have actually hosted at their parties. i hope that there's some way that they can get out of the high tax, and learn their lesson about what is posted on MySpace.
1Especially on MySpace someone is watching. Hello! It's about time people are learning that!
2Someone needs to pull out the books and audit these guys. I'm sure the $320,000 is far too large than what it actually owed.
This goes to show where we are at with the desperation that states have needing to collect on tax revenue.
3This is a crazy story! I can't beleive these people are getting taxed.
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