taxes
On Monday, the Internal Revenue Service performed an internal investigation and shared shocking news pertaining to Black citizens. The IRS revealed that Black taxpayers are audited at a higher rate than expected based on the minority share in the U.S. population, per New York Times. Per the documents, “Black Americans are up to five times more likely to […]
Beyoncé filed a petition last week challenging an IRS claim that she owes $2.7 million in unpaid taxes and penalties. According to the Notice of Deficiency, obtained by Forbes, Beyoncé owes $805,850 for 2018, along with $161,170 in penalties. She’s also responsible for $1,442,747 in 2019, as well as $288,549.40 in penalties. The Renaissance artist argues the IRS overlooked millions of […]
The Tax Heaven 3000 era will soon be upon us. The project, the latest commentary-as-art drop from MSCHF, launches via this site on April 4 at 2:00 p.m. ET and is described by its makers as “a visual novel dating game” that doubles as a way to prep an income tax return. The experience is […]
During a recent appearance on Philip DeFranco’s YouTube show, Logan Paul accused Bad Bunny of evading taking advantage of Puerto Rican tax laws. Paul, who also owns property in Puerto Rico, referenced the documentary Bunny released alongside his “El Apagón” music video, which features journalist Bianca Graulau covering the gentrification of Puerto Rico. “Bad Bunny is a Puerto […]
Mike ‘The Situation’ Sorrentino’s tax problems aren’t quite in the rearview just yet. According to HotNewHipHop, the Jersey Shore star still owes the IRS $2.3 million in back taxes. Sorrentino was sent a tax lien this April for taxes owed between the years of 2010 and 2016—this does not include 2014. Regarding The Situation, his publicist, Robyn […]
The Internal Revenue Service and the administrator of Prince’s estate have finally come to an agreement that his estate is valued at $156.4 million, according to the Minneapolis Star Tribune. The final valuation comes nearly six years after the music icon’s 2016 death, with his heirs accepting the value decided upon by Comerica Bank & Trust and the IRS. Prince […]
Washington Wizards star Kyle Kuzma, who once agreed with Bernie Sanders on taxing Amazon, retweeted a story from CNN that said Elon Musk will owe $11 billion in taxes, the largest amount ever for an individual, and mocked the argument that “the rich don’t pay taxes.” There’s truth to the complaint that “the rich don’t pay taxes,” […]
It seems Uncle Sam is coming for Lil Pump. According to legal documents reviewed XXL magazine, the “Gucci Gang” rapper—legal name Gazzy Garcia—owes the Internal Revenue Service more than $1.6 million in unpaid taxes from 2018. The agency reportedly filed a lien against Lil Pump’s $5 million Miami mansion, which he purchased shortly after the release […]
Elon Musk has posed a $25 billion question to his Twitter followers. The billionaire tech mogul posted a poll Saturday afternoon, asking whether he should sell a portion of his Tesla stock: “Much is made lately of unrealized gains being a means of tax avoidance, so I propose selling 10 percent of my Tesla stock,” he wrote, […]
Lil Pump was reportedly hit with a tax lien in April over failure to pay nearly $90,000 worth of back taxes. According to court documents obtained by Radar Online, the IRS is going after the 20-year-old rapper over an unpaid 2019 tax bill, which claims he owes the government $89,378.68. The IRS has placed a […]
