“‘All the President’s Men’ star Robert Redford is once again taking on the government. And this time, it’s financial.”
The story says, “Redford has filed a lawsuit against the New York State Department of Taxation and Finance and the department’s commissioner, Thomas H. Mattox, saying he’s being unfairly taxed over revenues from the sale of the Sundance Channel.
The suit, filed in New York Supreme Court, claims that the state hit him with a bill for $845,000 in taxes and $723,000 in interest over the sale — money the actor contends he doesn’t owe. The lawsuit says that Redford, a Utah resident, sold off a portion of the interest in the Sundance Channel in 2005.”
In May 2008, it was announced that Cablevision’s Rainbow Media was buying The Sundance Channel “for $496 million in stock and cash,” The New York Times reported at the time.