A Massive Oil Spill Helped One Billionaire Avoid Paying Income Tax for 14 Years
Phyllis Taylor’s company is responsible for the longest-running oil spill in U.S. history.
That’s been a disaster for the Gulf of Mexico — but a tax bonanza for Taylor.
By Jesse Eisinger, Paul Kiel and Jeff Ernsthausen, ProPublica, December 9, 2021
ProPublica is a nonprofit newsroom that investigates abuses of power.
After the Deepwater Horizon offshore drilling rig exploded in 2010, environmentalists surveying the damage in the Gulf of Mexico came upon a mystery.
The water had oil slicks that, because of the currents, couldn’t have originated from the site of the notorious accident.
When You’re a Billionaire, Your Hobbies Can Slash Your Tax Bill
With the help of satellite imagery, they figured out that oil was leaking from a different spill, a six-year-old disaster the public knew almost nothing about. In September 2004, Hurricane Ivan had swept the legs out from under a 40-story oil-drilling platform operated by a company called Taylor Energy, causing a leak that continues to this day.
It is the longest-running — and by one estimate, the largest — U.S. oil spill ever recorded, a contentious saga that prompted a recent “60 Minutes” segment:
It’s been an environmental nightmare for the region — but a massive tax bonanza for Phyllis Taylor, the owner of Taylor Energy and the fallen rig.
According to ProPublica’s analysis of a secret trove of tax data, from 2005 to 2018, Taylor took in some $444 million in income, most of it from wages, interest, dividends and capital gains, and didn’t pay a cent in federal income tax.
That’s in significant measure because she was able to transform money her company was compelled to spend cleaning up the oil spill into a perfectly legal nine-figure tax write-off for herself.
Illustration by Justin Metz
Representatives for Taylor, now 80, did not respond to repeated requests for comment.
Taylor is part of a set of ultra-wealthy Americans who manage to avoid federal income taxes for years on end by using their businesses or leisure interests to throw off enough deductions to offset the millions or even billions of dollars they make. We’ve nicknamed the group the biggest losers.
Taylor’s story shows just how lucrative it can be to be a member of that particular club.
Much Gratitude to our Star Brothers and Sisters. . .
Galactic Science Officer Serenia:
Here is What We’re Imbuing
You and Gaia With
https://goldenageofgaia.com/2013/02/25/serenia-here-is-what-were-imbuing-you-and-gaia-with/
. . . Do not forget that we have many, many, thousands and thousands of forces on the ground as well, assistants. They are not coming as conquering anything, and so for our own forces on the ground also, it is important that this air be made clean.
Then, after it is cleaned up — and interrupt me if my Science 101 is not clear to you — what we do then, and what we are doing — and these are our incursions in and out of your atmosphere — is we fill it with what you would think of as crystal clean air.
You are thinking of it as air, but it is so much more.
It is light, it is Love, it is what you think of as Divine Qualities; it is stamina; it is strength; it is the ability to see.
There are certain programs that we are now permitted and are very actively doing — that are being put in your air, and particularly your water, that are activating parts of you such as your 3rd eye — that have not been available or fully available to the general population.
Now, why do we do this?
We do it to help you because we Love you, but we also do it because as that is activated, that particular aspect, say, of your 3rd and 4th eye, you begin to be able to witness and to see what is really going on.
And when you begin to see what is really going on, well, you begin to see us.
And when you begin to see us from that vantage point of the clarity that’s been imbued and the formulas that have been put therein, mathematics, on a whole different level, what happens is the fear element is not there because you are simply seeing truth.
So you are not seeing the illusion.
And because you are going forward as a human species, you are ready for these openings.
There is another ship, a sister ship, that works in tandem with us, called the Nautilus. And many of you have been hearing and feeling this energy of Nautilus of late, but this is a science ship as well that is working particularly with the waters — same process.
First the final removal of pollution. And where the Nautilus is working right now is actually trying to finish up the east coast of United States of America, including the Gulf of Mexico where there is still a great deal of pollution from the oil spills. So, but that east coast that stretches… think of it as the Arctic Circle down to Bimini, is being cleaned up at this moment.
That is not to say that there are not other activities taking place, but again it is similar: the removal of pollution, the infusion of light and particulates, and then the final step is the infusion of what you would think of as programs.
Now, some of you are very familiar with what you think of as programmed water. And there has been some magnificent, inspired, shall we say, scientific work done on the programming of water. And this has laid the foundation for the human acceptance and understanding of how these programs that we work with operate.
So, you have learned if you place crystals or prayers or intentions in your water, that the very molecular structure of the water changes.
Now, take it the next step, for we have formulas that are for emotional healing, collective healing, sometimes of what you have thought of as negative archetype healing, and it occurs with the planet, with Gaia, and with the human beings. . .
Clean up, LOVE & Gratitude for Gaia, LOVE & Gratitude for our Star Family
