Lil Wayne's $5.6 million tax debt Released Online

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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Wesley Snipes asks for Bail Extension

By Mr. Hollywood
JR Staff Writer

Recently, actor Wesley Snipes was sent to prison because of his tax troubles. In 2008, the actor was convicted of tax evasion and recently he was sentenced to three years in federal prison. Members of his camp have spoken out about how unfairly the actor has been treated.

Before being shipped off to prison, the Blade star was working on a new film. Production on this new film, which has been titled, Master Daddy, has yet to wrap. Because of this and for other reasons, Snipes' legal team has asked for him to be released on bail.

The actor has been in prison for a few days, but his legal team would rather him be free. Despite being behind bars, the actor's trial has yet to actually start.

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