In brief
West Virginia Senator Jim Justice has reached an agreement to pay nearly $5.2 million in overdue federal income taxes dating back to 2009. The senator's financial troubles have been widely reported, as his net worth fell from millions to 'less than zero' due to substantial liabilities. Known for owning the Greenbrier resort, Justice's financial history has included multiple liens, lawsuits, and difficulties with overdue payments, raising concerns about his ability to manage his estate and businesses. Justice, who was previously a billionaire, now faces ongoing scrutiny and political implications due to his struggles.
CHARLESTON, W.Va. (AP) — U.S. Sen. Jim Justice of West Virginia has agreed to pay nearly $5.2 million in overdue personal taxes, continuing the saga of financial challenges that have plagued him for over a decade.
On Monday, an attorney for Justice and his wife entered a joint motion for consent judgment with the federal government, coinciding with the government's lawsuit claiming the couple neglected their tax payments since 2009. Justice's peak net worth was reported at $1.9 billion a decade ago, but Forbes indicates that his financial status has now fallen to 'less than zero.'
Justice, a former two-term Republican governor and owner of the Greenbrier resort, has faced multiple liens and tax disputes. He recently asserted that his business operations are complex, attributing collection efforts as politically motivated.
Despite reaching an agreement to manage his personal taxes, the senator is still confronting additional financial hurdles involving state taxes and ongoing legal disputes concerning various properties. Justice's financial management continues to be scrutinized amidst his efforts to clear debts and maintain his business standing.
