What's Happening In Your World
By Victor “Doc V” Trammell According to published reports, Young Money honcho Lil’ Wayne recently settled a tax debt to the IRS totaling nearly $8 million. Gossip Extra revealed that the 30-year-old rap star wrote a check for $7.72 million to clear his name in a few financial debts to Uncle Sam. Tax liens on Weezy’s Miami Beach home were relented once the debt with the IRS was taken care of. There was a total of three liens in all due to upaid tax levies from the years 2002, 2008, and 2009. Last September, Wayne purhased the Miami Beach home on La Gorce Circle for $11.6 million. He was previously renting a home. However, when went from renter to owner, the IRS put a lien on his home because of the unpaid tax debt. In fall of 2011, Wayne reportedly paid $5.6 million to settle a previous debt to the IRS. In June of 2010, Wayne also paid a tax bill totaling $1.3 million dollars. With a successful record label that has spawned mega stars like Drake and Nicki Minaj, a huge new contract with his parent company (Cash Money Records), and a multi-million dollar endorsement deal with Mountain Dew, Wayne obviously has a lot of money to fall back on. The accomplished performer is often decried by critics as a monster who is ruining our children. However, on a positive note, he is exercising a great model of responsibility by paying his tax debts in full. The quirky artist once rapped on his smash hit “6 foot 7 foot” that “life’s a b**ch and death is her sister.” He obviously knows that the only two things certain in America are life’s “sister” and taxes.

Lil’ Wayne Cashes Out For Uncle Sam; Pays Nearly $8 Million In Back Taxes

By Victor “Doc V” Trammell

According to published reports, Young Money honcho Lil’ Wayne recently settled a tax debt to the IRS totaling nearly $8 million.

Gossip Extra revealed that the 30-year-old rap star wrote a check for $7.72 million to clear his name in a few financial debts to Uncle Sam. Tax liens on Weezy’s Miami Beach home were relented once the debt with the IRS was taken care of. There was a total of three liens in all due to upaid tax levies from the years 2002, 2008, and 2009.

Read Original Article At Reason 4 Rhymes


* Email
 First Name
 Last Name
  * = Required Field
 
Email Marketing You Can Trust

One comment

* Email
 First Name
 Last Name
  * = Required Field
 
Email Marketing You Can Trust
Get Your Free Copy of the Black American Money Ebook
Get It Now