Sunday, 2 March 2014

Lil Wayne Owes US Government $12 Million Dollars

Lil Wayne isn’t very happy with how March started this year. The rapper just got slapped with a federal income lien by the IRS for a whopping $12 million dollars in unpaid taxes.
$12,155,084.46 to be exact. Yep, the IRS didn’t even forgive the extra 46 cents.
According to a scoop by Gossip Extra, the Miami-Dade County Clerk of Court’s office noted in the lien that Lil Wayne, or as the IRS call him, Dwayne Michael Carter Jr., failed to pay $5.8 million dollars
in 2011 and $6.3 million dollars in 2012.

If Lil Wayne doesn’t pay up his back taxes, the rapper’s $11.6 million dollar mansion in La Gorce mansion will soon be the IRS’ next target. And believe me, he wouldn’t want to lose that property. The three-storey mansion has a glass elevator that leads to the master bedroom. Who else has three-story mansions with glass elevators leading to their master bedrooms?
It isn’t the first time Lil Wayne faced major troubles with his taxes. According to the Huffington Post, the Grammy-winning rapper has been repeatedly encountering IRS sanctions since 2010 for tax problems that go way back in 2004.

This latest tax trouble will prove to be quite a headache for the Got Money rapper, who once proclaimed to the press that he plans to retire by the age of 35.
Celebrity Net Worth says Lil Wayne is worth a jaw-dropping $135 million dollars. He even has a new song with music superstar Nicki Minaj, meaning the rapper will be swimming in more dollah bills.
However, as the wise Notorious BIG once said, “Mo Money, Mo Problems“.
Lil Wayne and his publicist haven’t released any statement regarding the rapper’s tax mess.
What is it really with rappers and taxes?

Lil Wayne is just one entry in the IRS’ list of rappers/tax evaders. In 2011, Ja Rule pleaded guilty to tax evasion of $1.1 million dollars and was sentenced to two years in prison. He was released May last year.
Another rap star, Fat Joe, was sentenced to 4 months in prison last year after admitting to the federal court of Newark, new Jersey that he failed to pay $3 million dollars of taxes to the IRS.
Lil Wayne wrote his first rap song at the age of eight and started rapping professionally at the age of nine, being the youngest member of Cash Money Records. From humble beginnings, Lil Wayne was able to bring himself to the top of the rapping game. That doesn’t mean, though, that he is already above the law.

Source: http://www.inquisitr.com

 

No comments: