### Michael Saylor Settles Tax Evasion Case with $40M Settlement
Back in August 2022, #Bitcoin legend Michael Saylor was sued by the District of Columbia (DoC) with claims that he had not paid income tax while residing there for at least ten years. The lawsuit alleged that Saylor, with the assistance of MicroStrategy, managed to avoid paying as much as $25 million in DoC income tax.
The lawsuit had significant repercussions for Saylor, leading him to step down as CEO of MicroStrategy, a company he founded. However, Saylor didn’t entirely leave the scene; he transitioned into the role of Executive Chairman.
Fast forward nearly two years, and Saylor has settled the case with the DoC for a staggering $40 million. Local officials have described this settlement as the “biggest-ever income tax fraud recovery” in the district’s history.
In response to the settlement, Saylor stated:
“Florida remains my home today, and I continue to dispute the allegation that I was ever a resident of the District of Columbia… I have agreed to settle this matter to avoid the continued burdens of the litigation on friends, family, and myself.”
- Michael Saylor, as quoted by The New York Times
This settlement marks a significant chapter in Saylor’s ongoing legal battles and underscores the intense scrutiny he has faced over his tax practices. Despite the settlement, Saylor maintains his stance on the matter and continues to emphasize that Florida is his home.
