Can someone please explain to me why paying taxes seems to be a foreign concept to so many celebrities?
I swear every week we hear about another star who’s been skimping on Uncle Sam, and now Fat Joe is the latest added to that list.
Rap star “Fat Joe” faces up to two years in prison after pleading guilty Thursday to failing to pay taxes on nearly $3 million in income over two years.
The performer, whose real name is Joseph Cartagena, entered the plea in federal court in New Jersey because some of the companies he earns money from are incorporated there.
The 42-year-old Miami Beach, Fla., resident entered pleas to two counts covering years 2007 and 2008 but his sentencing will take into consideration the government’s initial allegation that he failed to pay income taxes for years 2007 through 2010. Federal prosecutors said the total tax loss to the government for those four years was $718,038.
Apparently Joey has already been ‘working’ on resolving the issue, and hopes to have all of the back taxes paid by his sentencing in April. I guess while he was busy making it rain, he should should’ve been tossing some of those singles to the IRS.