Disgraced rapper obtained three tax lien notices over his attire firm over the previous 18 months and nonetheless hasn’t paid it
Within the aftermath of his Hitler-praising rants and canceled partnerships, Kanye West’s monetary scenario is perhaps as chaotic as his present line of considering because the disgraced rapper’s Yeezy attire firm owes over $600,000 in unpaid tax debt to the state of California.
NBC Information stories that Yeezy Attire — an organization West owned and managed outdoors of his Adidas and Hole partnerships — obtained three separate tax lien notices from California, dated July 2021, Feb. 2022, and as lately as Sept. 2022.
USC Gould College of Legislation Professor Edward McCaffery advised NBC Information of Yeezy Attire’s $600,000 tax debt, “That’s actually an indication of both excessive incompetence or excessive money issues.”
Nevertheless, the $600,000 lien — which is 3 times the quantity of his new month-to-month baby help fee — is doubtlessly only a drop within the bucket that’s West’s monetary disarray: In his transient look on Tim Pool’s podcast final month, amid the antisemitism speak, he hinted at his present cashflow scenario, revealing that his banks had frozen him out of $75 million and that he owed $50 million in taxes.
“I’m speaking about actually discovering out that they have been making an attempt to place me in jail this morning,” West claimed. “However I discovered — okay, so that they froze, they put a $75 million maintain on 4 of my accounts. After which they stated, you owe plenty of taxes. Took me like six hours to learn the way a lot. Rather a lot… round $50 million.”
The previous billionaire then admitted, “I’m clearly not essentially the most financially literate particular person on the planet,” and puzzled whether or not he may nonetheless run for president in 2024 if he’s jailed for tax evasion.
The Inner Income Service didn’t remark to NBC Information about Yeezy Attire’s debt, noting that “Federal legislation prohibits the IRS from commenting on or confirming something associated to personal taxpayer issues.”