10 Rapper I.O.U.’s – A History of Hip-Hop’s IRS Woes
For all of the money-focused bragging and boasting that hip-hoppers spit in song or speak in interviews, cash continues to rule everything around many. The latest artist to see his suspect financial dealings become public record is Young Buck, whose home in Hendersonville, Tennessee, was raided Tuesday (August 3) by armed Internal Revenue Service agents. With shotguns in hands, the IRS representatives entered Buck’s crib and seized jewelry, furniture, platinum plaques and recording equipment due to the former G-Unit member’s delinquent $300,000 tax bill. He was, however, able to keep the house and a car.
Though it’ll provide little comfort, Buck should realize that he’s in good company when it comes to hip-hop heads who’ve tested the mighty arm of the IRS and, unsurprisingly, lost. XXL takes a trip down memory lane to show Buck just to whom he can now relate.
Amount Owed: $2.5 million
Reason: Unpaid federal taxes from 2006 and 2007
Result: There are yet to be reports that Nas has settled his debt with the IRS. And with the monthly child support that he was ordered to pay to Kelis shortly before the IRS came calling in late 2009, the Queensbridge MC’s wallet has been on constant attack.
Amount Owed: Over $2.5 million
Reason: Federal taxes
Result: In 2002, the IRS seized his belonging including furniture and cars. Money Is a thang, apparently.