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Wednesday, May 28, 2014

Busta Rhymes Reportedly Owes More Than $750,000 In Taxes

Busta Rhymes Reportedly Owes More Than $750,000 In Taxes
Busta Rhymes owes $789,577.90 in taxes to the federal government, according to TMZ
The site says it has documents that shows the Department of Treasury has hit the rapper with two tax bills. One is for the $611,000 its says Busta Rhymes failed to pay in 2008. The other bill is tied to his 2012 earnings and is for $178,000.
Other rappers also have had tax problems recently. Lil Wayne reportedly owes more than $12 million in taxes. The New Orleans rapper allegedly failed to pay taxes for 2011 and 2012 and owes $5,843,952 for 2011 and $6,311,132 for 2012. 
This isn't the first time Lil Wayne has faced issues due to taxes. The YMCMB executive reportedly owed $7 million in 2008-2009, a debt he reportedly cleared in 2012
Other rappers, including Lauryn Hill, MC Hammer and Fat Joe have also been hit with large tax bills in the last several years.

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