While millions of Americans owe the IRS money in back taxes, some unfortunately owe a lot more than others.
Take this 33-year-old California man, for example. His dire situation, in which he owes about $170,000 in tax debt, was the subject of a Reddit post titled “Large tax and credit card debt. Debt relief or bankruptcy?”
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As the Reddit post explains, this California man had the opportunity to buy shares of a company he used to work at and decided to purchase “a ton” of shares just before leaving the company. But as our unfortunate investor explains, he didn’t quite understand the tax…
