We’ve been hearing for years that Tori Spelling has money problems, particularly because she “only” inherited about $800,000 when her father, prolific TV executive Aaron Spelling, died in 2006. After her dad passed, Tori didn’t curb her shopping or spending, she continued accumulating things she didn’t need and living a champagne lifestyle on a prosecco budget. For instance her mom, Candy Spelling, who inherited the bulk of Aaron’s estate, claims to pay all of Tori’s essential bills but Tori was sued by American Express earlier this year for nonpayment of a $38k debt. Tori moved into a cheaper rental home with her family in February which was still $7,500 a month and then proceeded to spend at least a month in Europe. So is it any surprise that Tori and her husband, Dean McDermott, owe 259,000 to the state of California in back taxes?
Tori Spelling and Dean McDermott have been hounded by bill collectors, and the big dog on the block is now the State of California.
Tori and Dean were hit with a tax lien for $259,108.23 for unpaid state taxes from 2014.
The lien would usually mean that their home could be on the hook, but Tori and Dean are renters so doesn’t look like they have to worry about the roof over their heads.
The silver lining … it means they made a lot of money.
I guess I’m surprised they made enough money to owe that much. The highest tax rate in California is 13.3%. Assuming they paid no taxes to the state in 2014, that means that they made almost $2 million $3 million (Update: see LA’s comment below) that year. You know Tori has blown through it already.
It also amuses me when people who owe massive amounts of money continue to flaunt their lifestyle on open social media. Tori does this on Instagram. She regularly throws parties for her kids, complete with intricate cakes, and she recently had a viewing party for her Lifetime TV show, Mother May I Sleep with Danger. (The James Franco reboot with Vampires.) Some of Tori’s parties are at least partially sponsored, but like her trip to Europe I would guess that her expenses outweigh her paid gigs. It’s a good thing that her dad didn’t leave her more money, because she probably would have wasted it years ago. Tori has known for years that she has a problem with money but she’s blamed it on her luxurious upbringing, writing “It’s not my fault I’m an uptown girl stuck in a midtown life. I was raised in opulence. My standards are ridiculously high. We can’t afford that lifestyle, but when you grow up silver spoon it’s hard to go plastic.” I guess not paying her taxes isn’t her fault either.
I will give her credit for one thing. She’s wearing shoes from a few seasons ago.
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