Lil Wayne's $5.6 million tax debt Released Online

Monday, April 4, 2011

By Mr. Hollywood
JR Staff Writer

Back on top of his game, Lil Wayne is currently enjoying the success of his "6 Foot 7 Foot" hit. By the looks of things, nothing could spoil the rapper's fun. After spending most of 2010 in a jail cell, Lil Wayne intends to dominate 2011, making 2008 seem small in comparison.

With Tha Carter IV coming next month, Lil Wayne is raking in all kinds of cash. He also profits from his Young Money label, through stars, Drake and Nicki Minaj. Even with all of these sources of income, Lil Wayne could soon run into trouble. The rapper is facing tax issues.

Tax troubles have gotten the best of many black entertainers over the past few years. Ronald Isley and Wesley Snipes are among the people who have served, or are serving time, only naming a few. Rapper, Ja Rule is headed to prison after being $2 million in debt. Lil Wayne's debt, however, is much bigger than that of Ja Rule, as he owes a whopping $5.6 million to Uncle Sam.

Lil Wayne owes taxes on money made during the 2008-2009 period. This was the period in which he released Tha Carter III and expanded his Young Money roster.


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