Kanye West says IRS wants millions from him for tax evasion The hip-hop artist recently lost a hefty chunk of money through his divestitures from brands like Balenciaga, Adidas and GAP. The singer’s network collapsed so quickly that he lost his billionaire status despite spending years minting money through music and fashion.
Now, after a long process, the artist has also divorced her ex-wife Kim Kardashian. According to the settlement, he pays $200,000 a month for child support, among other expenses. What’s more, according to the IRS, the Gold Digger singer has already frozen his $75 million and claims he owes a huge sum in back taxes.
Kanye West, who owes significant amounts to the IRS and lacks financial literacy
While Ye is already grappling with other controversies, the IRS is also knocking on his door. The artist says he owes $50 million in back taxes, according to the information. He appeared on Tim Pools podcast where he said: “I’m talking about literally finding out they tried to put me in jail this morning.” It took him six hours to figure out how much he owed them. The department appears to have frozen a total of $75 million from four of Yes’s bank accounts.
Although the Donda singer also agreed that he didn’t have much financial knowledge and, like many of the citizens, didn’t know tax calculations. Through this incident he learned more about finance and how an investment or the flow of money works. According to Forbes, Ye’s net worth has already dropped from $2 billion to $400 million. The amount can continue to vary as the celebrity is known for spending as quickly as she makes.
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Currently, the rapper is busy running for president after losing in 2020. Although he claims the only reason he’s running is because he hopes the federal government will examine his frozen accounts and help him. It remains to be seen how Ye will manage to get out of this situation now.
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The post ‘Try to put me in jail’ – Kanye West, who already has to pay thousands to Kim Kardashian, opens up about millions of dollars he owes the IRS, first appeared on Netflix Junkie.