Aristo_V300
New member
Does he still have to pay the 1 million?
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Sion;5965364 said:SMMFH rappers need to find better financial advisors, niggas should NOT be going to jail for shit like this. You know what it is tho ? A lot of these clubs pay rappers in cash to do a show, and when they report it on their books for their taxes the IRS knows what went where, rappers on the other hand think that b/c they get it in cash it's not 'taxable' SMMFH. Another thing too is that rappers who live in certain states and tour another think that if they live in Florida & make 100k in NY it's subject to Florida tax laws - nope. If you live in Florida and you make 100k in NY you got to report to both districts (& if memory serves me you have to pay the State of NY taxes too). Of course it depends on what exactly it is you do to earn your money but this is a very common issue many athletes and entertainers get in trouble with and should not be.
This is some bullshit, Joe shouldn't have been hemmed up for something so petty like this. Somebody on his team dropped the ball.
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It has also been an eventful time for the Hip-Hop industry and paying taxes. Or lack thereof. Yesterday (24th June 2013) saw Joseph Cartagena a.k.a Fat Joe sentenced to 4 months in federal prison and also fined $15,000 for failure to file tax returns on more than $3.3 million in income. Joey Crack isn’t the only one in the Hip-Hop industry to have their collar felt by the IRS.
We are going to look back at 10 Hip-Hop artists who have had their run-ins with the IRS.
DMTxCannabis;5965129 said:"These feds want me for some Tax evasion/ now that the fact someone's getting lucci that's not Caucasian"..
Sion;5965364 said:SMMFH rappers need to find better financial advisors, niggas should NOT be going to jail for shit like this. You know what it is tho ? A lot of these clubs pay rappers in cash to do a show, and when they report it on their books for their taxes the IRS knows what went where, rappers on the other hand think that b/c they get it in cash it's not 'taxable' SMMFH. Another thing too is that rappers who live in certain states and tour another think that if they live in Florida & make 100k in NY it's subject to Florida tax laws - nope. If you live in Florida and you make 100k in NY you got to report to both districts (& if memory serves me you have to pay the State of NY taxes too). Of course it depends on what exactly it is you do to earn your money but this is a very common issue many athletes and entertainers get in trouble with and should not be.
This is some bullshit, Joe shouldn't have been hemmed up for something so petty like this. Somebody on his team dropped the ball.