Fat Joe pleads GUILTY. Going to jail on Tax Evasion.

Binary

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Did someone make a Make It Rain post? If not, y'all have failed me :wow:
 

eastside313

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I would say F the IRS, but I don't want them on my top. LOL

The only way for celebs/entertainers to not go down for taxes is to significantly overpay every year. Whatever their tax return says, they should pay an additional 20% just because. Consider it the gov't portion. If your in a certain tax bracket, they're gonna audit you no matter what. If doesn't matter what you really make, if your "income" is over a certain amount, they're watching you. If you were given a $250K car and a $50K watch by your label, thats an additional $300K you made that year that you better account for. That's where they get them.

:rudy:
 

Karume

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I'm suprised that 50 has been able to resist temptation for so long
 

Karume

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I know, right?

Pay 20% more taxes?

You should also pay more when you buy things at stores so they don't accuse you of stealing.

:snoop:

I think his point was that since rappers often forget/miss things that are considered income that paying extra will cover that. personally I think that 20% would be better spent on a good accountant
 
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