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By Yolanda Spivey
According to a recent report from TMZ, Lil Wayne is in big trouble with the Internal Revenue Service. He reportedly owes the IRS $12 million after failing to pay back taxes for 2011 and 2012.
The Young Money artist who is worth a reported $135 million, owes a staggering $5,843.952 for 2011 and $6,311,132 for 2012.
TMZ is also reporting that this is not the first time Lil Wayne has been in trouble with owing someone money. In 2012, he “famously lost a case against Quincy Jones’ son after thumbing his nose at the court.” Lil Wayne was ordered to pay a whopping $2.2 million in that case.
He also owed over $7 million in back taxes in 2008 and 2009, and was able to pay that debt off with no problems.
Lil Wayne is most famous for his lyrics. He once said in a rap song, “If you got money and you know it. Take it out your pocket and show it and throw it.” I guess he will be throwing the remaining of his earnings at the IRS to pay off this huge debt.
In addition to a compilation album that is slated to come out this year with his Young Money crew, Lil Wayne will also be releasing Tha Carter V. Recently, a fake track list was sent to various media outlets claiming to be soon to be releases off of the new albums. But YMCMB president Mack Maine took to Twitter to announce that the list was indeed a fake.
With the dropping of his new album, Lil Wayne is set to go on tour so he’ll have a good avenue to pay off this debt. Or will he?