Michael Saylor Settles District of Columbia Income Tax Case with $40 Million Payment

Michael Saylor, the founder and Executive Chairman of MicroStrategy, has agreed to a $40 million settlement with the District of Columbia (D.C.) to resolve allegations of income tax fraud. The settlement represents the largest-ever income tax fraud recovery in the district's history. D.C. sued Saylor in 2022 for allegedly failing to pay income taxes while living in the district. The allegations claimed that Saylor had avoided paying over $25 million in taxes by claiming residency elsewhere despite living in D.C. for over ten years. Saylor disputes the allegations but settled to avoid further legal burdens. The settlement includes both Saylor and his company, MicroStrategy.