Uncle Sam Slaps Damon Dash With $2.8 Million Tax Lien

July 8, 2013  |  

Source: WENN

A couple of months ago we reported on former Roc-a-fella Records CEO Damon Dash’s swelling financial woes. According to reports, the Harlem native owed $100,000 in unpaid rent, lost two of his New York City lofts due to foreclosure and even claimed that he was in so much debt that he was unable to pay his personal bills. As of May 2013, his hefty expenses (not including his personal bills) consist of the following:

– $24,000 every three months to his ex-wife, fashion designer Rachel Roy, for child support of their two kids, and to cover money owed on the lofts.

– New York state forces Dash to send another $4,341.10 per month for support of his son, Christian.

– He paid nearly $20,000 in garnished wages in late 2012 for other debts. – And he faces a pending $40,000 tax payment for business earnings.

In addition to the aforementioned money troubles, the entrepreneur was also in hot water with the state of New Jersey for unpaid taxes. And now, according to TMZ, Dame has been hit with a $2.8 million tax lien by the state of New York. Recent reports reveal that Dame owes $$2,614,918.10 from 2005 and $187,544.20 from 2011.

News of Dame’s financial woes are extremely unfortunate, especially considering that at one point he was part owner of a multi-million-dollar hip-hop empire. Hopefully he can find a way to pay off his debt and possibly scale back on his living expenses.

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  • CMG

    It is simple….whatever you take in send half to Uncle Sam. Yes that may mean you may not be able to make it rain, but it can sprinkles is cool and you will avoid jail time.

  • Kam

    Dame Dash was once half of a multi-million dollar empire and even then he was spending money like it was falling out the sky. Guess it takes awhile longer for some folks to take the lesson.

  • Realityh03$Anonymous….ohwait

    Now i know he been gettin SOME money from me i been downloading ALOT of old school roc-a-fella songs within the last few months, lol. But seriously, not paying ur taxes is VERY bad.
    Maybe he can get a gig like Chris Tucker got n host a show…. I got it! Go to VH1, they give ANYONE a reality show!!!!

  • Faith

    Please these folk just refuse to learn to keep track of who ever handles their money. Next celebrity, althlete or rapper who is in finacial trouble.

  • slimpickens2916

    This man has a lot of growing to do . His arrogance and live in the moment attitude has been his undoing and will continue to be so until he admits that he has nothing and start w a new attitude.

  • me

    Seems like everyone who associates with Jay-Z and Diddy ends up dead, in jail, or broke …

    • slimpickens2916

      Because the associates live in the moment!