Life + Money

Life + Money

Tax Troubles of the Rich and Famous

Spiro Agnew

Money owed: $68,000 (in 1973 dollars)

Prison sentence: none, but was asked to resign

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It seems amazing that any politician (We’re talking to you, Tom Daschle and Timothy Geithner) would mess with the IRS after what Spiro Agnew put him self through. The only VP in American history to resign over criminal charges, Agnew pleaded “no contest” to a charge of failing to pay taxes on $29,500 as part of a plea deal that closed investigations into alleged bribery, tax fraud and extortion while in office and required Agnew’s resignation. His departure also precipitated the first use of the 25th amendment of the Constitution, which dictated that House Minority Leader Gerald Ford become vice-president. And thanks to Watergate, we all know what happens after that.

Photo: NASA