Trust me, it’s important for artists and businesses to pay their taxes, even independent ones.
When Nesby Phips and Big K.R.I.T. were interviewed on the show, both stressed the importance of keeping your paperwork straight, staying on top of business details and paying taxes. The economy is hurting right now, y’all know Uncle Sam is gonna collect them coins by any means necessary.
“Rapper and actor Ja Rule admitted Tuesday that he failed to pay taxes on more than $3 million in income, and he faces up to three years in prison.
If the plea conditions are met, the government will dismiss two counts against him for unpaid taxes on about $1 million he earned in 2007 and 2008.
Atkins is scheduled to be sentenced June 13 on the three tax evasion charges. He faces up to one year in prison and $100,000 in fines on each count.”