KingsOfKings
🌫️ 𝖇𝖊𝖑𝖔𝖜 𝖙𝖍𝖊 𝖍𝖊𝖆𝖛𝖊𝖓𝖘 🌫️
Well, it’s not 30 million. MC Hammer has been ordered to pay upwards of $800,000 in back taxes after a judge ruled against the rapper in a year long battle to wipe the debt clean, Bossip is reporting.
Hammer argued that the figure should have been nullified in accordance with his bankruptcy case in the late 90s, but the courts disagreed. According to the report, the IRS is seeking $798,033.48 in back taxes stemming from income earned in 1996 and 1997, after the bankruptcy claim was filed.
“To come back after the fact and assert claims after millions of dollars have been paid out by creditors from which these claims have been paid in full, is the misconduct the USA committed,” the rapper said. Hammer was thought to have cleared his debts in 2007, but this IRS case reveals that there is still more owed.
Hammer had famously lost his $30 million fortune in the late 90s, a act that has, in the time since, overshadowed his dominant musical run. Jay Z even used Hammer’s loss as a punchline on “So Appalled” rapping,
“And Hammer went broke so you know I’m more focused/I lost 30 mil, so I spent another 30/Cause unlike Hammer, thirty million can’t hurt me.”image
It seems financial woes continue to plague Hammer, his past continuously catching up with him. Hammer’s 1990 album Please Hammer, Don’t Hurt ‘Em was the first rap album to ever go diamond, selling 10 million copies in little over a year.
MC Hammer Reportedly Owes $800,000 in Back Taxes - XXL
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