Adding to the ongoing list of Rappers that apparently have money for mansions, women, and jewelry (apologies for the stereotype) but not to hire an accountant or a lawyer, Lil Wayne’s (whose real name is Dwayne Carter) tax troubles have reached an all-time high – apparently owing the Internal Revenue Service a whopping $12,155,084.46.
According to the Federal Tax Lien filed with the Miami-Dade County Clerk of Court’s office, Mr. Carter failed to pay taxes in 2011 of $5,843,952. And an additional $6,311,132 in 2012, leaving him in debt to the federal government to the tune of $12,155,084. If Mr. Carter doesn’t cough up the dough, the IRS will probably proceed to try to seize his luxurious mansion on Miami Beach in La Gorce Island, Fla., which is listed at $11.6 million in 2011 and is probably worth significantly more than that now. The nine bedroom home comes with a three-car garage and a three-bedroom guesthouse adjacent to a large swimming pool.
Mr. Carter joins a long list of rappers who have failed to pay their taxes. This happens so often to celebrities that one would begin to believe that there is a critical shortage of CPAs and Tax Attorneys when I assure you there is not.