News: Xzibit's Tax Records Leak Online, Rapper Owes $500K
Thursday, Apr 16, 2009 10:15AM
Rap veteran Xzibit's tax records have reportedly leaked online displaying various financial debts including $501,840 he owes in federal taxes.
The rapper-turned-actor's financial records were released today (April 16).
The government says Xzibit, a double-threat Detroit-born rapper/actor who hosted "Pimp My Ride" on MTV, owes $501,840 in federal taxes. He has gone on to star in a string of movies to a onetime Broadway star who has tax liens totaling more than $350,000. The IRS filed a $205,485 lien on February 4 in the Los Angeles County Recorder of Deeds office. On April 17, 2008, the IRS had filed a $296,355 lien. (Detroit News)
Despite the alleged financial crunch, X is currently offering $10,000 to fans willing to follow him via his Twitter account.
Xzibit will be giving away $10Gs to his Twitter followers, specifically, five stacks will go to his 500,000th follower and the other $5Gs will be awarded to some other follower chosen at random. One thing, though: to date, Mr. X-to-tha-Z boasts a grand total of 9,186 followers, so get to following. Just think: you've got a .0002% chance of being $5,000 richer. (Vibe)
Method Man's tax problems recently emerged last month.
The repo man got Method Man. The state Department of Taxation seized a 2008 Lincoln Navigator belonging to the rapper and member of the Wu-Tang Clan, who failed to pay $52,503 in personal income taxes. The luxury SUV was taken at 6 a.m. Wednesday (March 18) from Method Man's Staten Island, New York home. (New York Post)
Fellow New Yorker Lil Kim also had her tax information leaked online.
Kim has $979,090 in tax debt. The state of New York filed a $12,599 tax warrant on April 26, 2008, in the New York County Clerk's office. The IRS filed a $50,464 lien on Sept. 5, 2007, in the Bergen (N.J.) County Clerk's office. The IRS filed a $67,509 lien on May 14, 2007, in Bergen County. The state of California filed a $4,089 lien on Sept. 16, 2005, in Sacramento County Court. The IRS filed a $232,348 lien on Aug. 16, 2005, in New Jersey. The state of New Jersey filed a $51,471 lien on Aug. 11, 2005, in New Jersey State Superior Court. The state of New Jersey filed a $77,939 lien on Dec. 9, 2004, in New Jersey Superior Court. The IRS filed a $482,671 lien on Feb. 19, 2004, in New Jersey. (SOHH)