By showing the business had operating losses, the McCourts paid no federal or state income taxes on that $108 million, causing outrage in L.A. when reported by Michael Hiltzik of the Los Angeles Times: "To everyone who claims that our wealthiest citizens pay more than their fair share of income taxes and we should cut them a break because they're the ones who … create jobs in our economy, I have four words for you: Frank and Jamie McCourt." (Frank disputes the $108 million figure and says the taxes were deferred.
https://www.vanityfair.com/news/2011/08/mccourt-divorce-201108
_- Steve
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