Lil Wayne Owes The IRS $12M

[The Emperor]

Dawg. HE's been in the game since I was in high school back in 1998-1999...his money is long. I don't believe that for a second that he don't got loot like that.

Man where have you been the past 15 years...

has been jerking dudes out of money for the past 15 years...
Why you think Juvenile bounced, Mannie Bounced, Hell everybody except for Wayne (who he kisses on the lips)...

You are not up on the business side of the game if you think Wayne has over $30 Million Dollars CASH...

And that's stretching it..

Wayne get's an allowance basically...
Wayne gets what Baby hands him...

FACTS: When QD3 said he got permission to film Wayne for the documentary Cortez told QD3 "You know Wayne don't speak for Wayne"... meaning "We handle the decisions for Lil Wayne"...

 

[The Emperor]

$

 

[The_Sheff]

Dude you wanna be all drug free and shyt that's cool but take that gay shyt to another site…
Can't believe some ppl consider weed a drug still it's crazy dumbass niqqas

Weed is a drug just like alcohol is a drug.

 

[jilla82]

Either he pays or he goes to jail ...and i don't see the latter happening, muh'fukka treats taxes like people that don't pay their cable or cell bill till they threaten to cut that sh!t off...no real difference when you pay it other than the late fee

Wesley Snipes did time for taxes.
They can for sure lock you up if they feel like it.

 

[Long Live The Kane]

Wesley Snipes did time for taxes.
They can for sure lock you up if they feel like it.

Yeah a gang of people have, fat joe just came home from the joint behind some taxes. ..i meant I think he'll end up paying them and it'll be a non story like the last time a couple years ago

 

[JQ Legend]

Man where have you been the past 15 years...

has been jerking dudes out of money for the past 15 years...
Why you think Juvenile bounced, Mannie Bounced, Hell everybody except for Wayne (who he kisses on the lips)...

You are not up on the business side of the game if you think Wayne has over $30 Million Dollars CASH...

And that's stretching it..

Wayne get's an allowance basically...
Wayne gets what Baby hands him...

FACTS: When QD3 said he got permission to film Wayne for the documentary Cortez told QD3 "You know Wayne don't speak for Wayne"... meaning "We handle the decisions for Lil Wayne"...

Like I said I have no clue how Wayne signed to that nikka for a 2nd time when he didn't have to as popular as he was and did not get CEO status

Baby was not in a position to tell Wayne no because if Wayne had left back then Cash Money would have not made a dime since meanwhile Wayne was the hottest rapper in the game

Just off all them features he got alone he woulda been eating good, and he coulda just hired a tour manager to set up shows for him and I'm pretty sure he woulda been a platinum artist even if he started his own label after Cash Money

I still remember Hov saying Birdman got lawyers involved basically telling Hov he'd be sued if he contact Wayne again when he was talking to Weezy bout signing to him when his contract was up, Birdman knew how valuable Weezy was to his future success and earnings, it's just too bad Weezy didn't

No way in hell that nikka should not be a CEO of Cash Money Records

 

[1thouwow]

Money made outside of a JOB

(owning your own business or even selling enough stuff on Ebay)

You get money up front...
But the IRS get's a record of how much money you received...

You then gotta give them all your write offs (business expenses)
But even on top of that you still gotta pay taxes...

So in summary...
The way celebrities get in TAX trouble is that there is no taxes coming out of any of their checks...
It's their responsibility to pay the IRS.

So say you a boxer and had a $10 million dollar fight this year...
You got a check for $10 million

But at the end of the year the IRS is like...
You owe us $3 Million

Now if you blew all your money...
You in trouble breh...

Because you owe the IRS $3 Mill and now they adding in interest in penalties...

It's the real reason Floyd Mayweather couldn't retire when he wanted to...
He had to pay the IRS a huge sum of money...

Yeah their accountant fukkin up

 

[DontEemTry]

Ain't shyt. He can get that out his sock drawer


























Unless he really do got Baby money

 

[Cabbage Patch]

Like I said I have no clue how Wayne signed to that nikka for a 2nd time when he didn't have to as popular as he was and did not get CEO status

Baby was not in a position to tell Wayne no because if Wayne had left back then Cash Money would have not made a dime since meanwhile Wayne was the hottest rapper in the game

Just off all them features he got alone he woulda been eating good, and he coulda just hired a tour manager to set up shows for him and I'm pretty sure he woulda been a platinum artist even if he started his own label after Cash Money

I still remember Hov saying Birdman got lawyers involved basically telling Hov he'd be sued if he contact Wayne again when he was talking to Weezy bout signing to him when his contract was up, Birdman knew how valuable Weezy was to his future success and earnings, it's just too bad Weezy didn't

No way in hell that nikka should not be a CEO of Cash Money Records

I thought Lil Wayne was Raz B to Birdman's Chris Stokes, only worse cuz Raz B at least got free. Lil Wayne can't leave because Birdman has some molestation mind control over him. He would need a serious deprogramming.

 

[Lost His Smile]

We will get that money.

 

[Sad Bunny]

Man where have you been the past 15 years...

has been jerking dudes out of money for the past 15 years...
Why you think Juvenile bounced, Mannie Bounced, Hell everybody except for Wayne (who he kisses on the lips)...

You are not up on the business side of the game if you think Wayne has over $30 Million Dollars CASH...

And that's stretching it..

Wayne get's an allowance basically...
Wayne gets what Baby hands him...

FACTS: When QD3 said he got permission to film Wayne for the documentary Cortez told QD3 "You know Wayne don't speak for Wayne"... meaning "We handle the decisions for Lil Wayne"...

Lol..coli analysts and insiders strike again

 

[duckbutta]

Money made outside of a JOB

(owning your own business or even selling enough stuff on Ebay)

You get money up front...
But the IRS get's a record of how much money you received...

You then gotta give them all your write offs (business expenses)
But even on top of that you still gotta pay taxes...

So in summary...
The way celebrities get in TAX trouble is that there is no taxes coming out of any of their checks...
It's their responsibility to pay the IRS.

So say you a boxer and had a $10 million dollar fight this year...
You got a check for $10 million

But at the end of the year the IRS is like...
You owe us $3 Million

Now if you blew all your money...
You in trouble breh...

Because you owe the IRS $3 Mill and now they adding in interest in penalties...

It's the real reason Floyd Mayweather couldn't retire when he wanted to...
He had to pay the IRS a huge sum of money...

This is pretty much the most spot on post I read on this entire website in a minute...

Working in entertainment, you will just about never have any taxes taken out of any money giving to you, cause you are working with them on a contract basis, and typically the contract is between you and them, or at best you and whatever company that represents you, but even that company probably won't file any taxes on your shyt, they probably just take their percentage and keep it moving...

So if you don't keep up with how much you make, then yeah it is easy to end up owing uncle sam some major bread

Matter fact most of the people I know in entertainment ( c and d list celebs at best ) owe some money, simply because they forgot to file some little 20 k check for being on some wackass sci fi movie

And in wain case...he does tours...releases albums...does features...has product endorsments...has some position over young money...man i am sure it is easy to miss a check or two

 

[L. Deezy]

I really dont think Wayne has a LIQUID 12 million to just pull out. He dont strike me as responsible. ANNNNNND, Baby gifts him shyt. Wayne might be fukked. no hate.. but he just dont seem responsible.

 

[Danie84]

Weezy F Baby, and the F stands for Further...Notice

 

[Bugsmoran]

"Too much money aint enough money.
U kno da Feds listening, n1gga what money?"