THE COUNTRY LEGEND WHO LOST $96,000 ON A BURGER BUSINESS — THEN REPAID EVERY INVESTOR HIMSELF — OKLAHOMA, 1968 “It was simply the right thing to do.” Those words were not spoken by Conway Twitty. They came from a U.S. Tax Court judge who later honored him with a poem. Back in 1968, Conway launched a restaurant venture called Twitty Burger, Inc. Seventy-five people invested in the company, among them fellow country stars Merle Haggard, Harlan Howard, and Sonny James. The chain’s specialty burger featured grilled pineapple, bacon, and a unique graham-cracker-coated patty. Despite the unusual recipe, the business struggled. By 1971, nearly every location had shut down. Legally, Conway Twitty was not required to reimburse anyone. Yet he chose to repay every investor. Not part of the money. All of it. He covered the losses using income earned from his music career. Later, when Conway claimed those repayments as tax deductions, the IRS challenged him in court. The dispute became the famous Jenkins v. Commissioner case in 1983. The court ultimately sided with Conway and ended its opinion with a poem called “Ode to Conway Twitty.” In a rare twist, the IRS answered with a poem of its own. Conway Twitty passed away in 1993 at the age of fifty-nine, but the case remains a topic of study in American law schools. And the surprising story of what one original investor did with the repayment check remains largely unknown in Nashville. Listen to the song in the first comment.

 

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