ECONOMY & WORK
MONEY 101
NEWS
PERSONAL FINANCE
NET WORTH
About Us Contact Us Privacy Policy Terms of Use DMCA Opt-out of personalized ads
© Copyright 2023 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
MARKETREALIST.COM / NEWS

Pennsylvania resident gets a staggering $34 billion tax bill. Then, he realized what went wrong

The number was so large that it didn't even fit on a single line on the document.
PUBLISHED OCT 5, 2024
Representative Cover Image Source: Getty Images |  ArtistGNDphotography
Representative Cover Image Source: Getty Images | ArtistGNDphotography

A Pennsylvania man was shocked to his core when he opened a bill from the state for $34 billion. After the initial shock, he looked at the bills and understood that there was a mistake. "I couldn't fathom what the number was at first. I'm like it looks like more than a million. The decimal points are dropped down. They're not even on the first line there are so many digits," he told Fox 43.

"I knew it was an obvious blunder. I don’t even make over $100,000 a year, so there’s no way I could owe anywhere near that," Barry Tangert told News 8, via NY Post. 

The Lancaster County resident said that the letter was one of the two things that had arrived in his mail. The first one was a refund check from the federal government for over $900, while the second opened was an income notice from the Pennsylvania Department of Revenue claiming that he owed a jaw-dropping $34,576,826,561.47.



 

The number was so large that it didn't even fit on a single line on the document. There's absolutely no doubt that this was an error. However, he is still in the dark when it comes to what caused it. I don’t know if it was a computer glitch in the transmission or if it was an input error from my tax preparer," he said. 

Tangert later reached out to the Pennsylvania Department of Revenue, which did provide a bit of relief to the man. "The first thing he said was, 'You had a good year.' And I said, 'I wish'" he said. The amount mentioned was triple the $11 billion America’s richest man Elon Musk says he owed the government in 2022.



 

Tangert later reached out to the Department of Revenue who asked him to wait while they look into it. He was told that the tax document that he had submitted had a bunch of 9s on the bottom, which made it look like his income was more than $99 billion. "It could have been an input from your tax firm or it could have been an interface problem with their program and our program, we don't know yet," Tangert recalled the department telling him. 

Image Source: Getty Images | Photo by Scott Olson
Image Source: Getty Images | Photo by Scott Olson

After a few weeks, he got another letter in the mail that showed that it was actually the state that owed him $62, which made more sense to Tangert. "If I've ever owed anything to the state it was more than likely $100 or less," he added. "You'd have to be a trillionaire or $100 billion a year based on current tax rates, they tax about a third. You'd have to make $100 billion a year to be taxed 30 billion or thereabouts. Does anybody make $100 billion a year?" he told the publication.

Fortunately, the State Department has since resolved the issue which it chalked up to wrong numbers being inputted into the system. "I don’t know if it was a computer glitch in the transmission or if it was an input error from my tax preparer," he said.

MORE ON MARKET REALIST
The guest was representing a squadron and the item was a regimental jewel.
9 hours ago
The chicken was so bad that the creator had to take it back to the store.
13 hours ago
The contestant simply didn't realise what he had done even after Harvey's reaction.
14 hours ago
The painting set a record on the show for being one of the most expensive pieces of art.
1 day ago
The cups were made thousands of years back and so regulations were not an issue as per the expert.
1 day ago
The founders of Surprise Ride had a deal but they failed to close it on time.
1 day ago
Harrison got his hands on one of the most sought-after pieces of American history for $1.45 million.
2 days ago
The popular TikTok creator claimed the food product was one of the worst the store offers.
2 days ago
Harrison wasn't willing to part with it but sold it to UFC boss Data White.
3 days ago
The entrepreneurs who followed Greiner's book to scale their business got the ultimate reward.
3 days ago
The watch was something that the expert himself hadn't seen in his career.
3 days ago
The Season 3 champion, W. Kamau Bell, is looking to become a regular part of the game show.
4 days ago
Harvey was excited to hear the answers as soon as he read the question.
4 days ago
When the show's guitar expert, Jesse Amoroso, cut the item's value by 75% from the asking price, the guest lost his cool.
5 days ago
Fans argued that the show misattributed the song "Life Is A Highway" to another composer.
5 days ago
Jennings opened up about keeping "Jeopardy!" the way it was when he was a fan.
5 days ago
Harvey also mocked the player for an answer that earned his team a second strike.
5 days ago
When she did find out how precious the painting from her mother was, she could hardly speak.
5 days ago
The concern among shoppers is growing after a document suggesting the policy change leaked.
6 days ago
The item was unique since there was only one more of the kind in the world.
6 days ago