The Tax Factor was created to educate individuals and small-business owners about taxes. Let’s face it, nothing in life is guaranteed except death and taxes. Okay, maybe that sounded pretty depressing but the goal of this blog is to help you find the information to learn how to make taxes work for you. Taxes can be extremely complicated but knowing about deductions and credits can save you thousands of dollars per year.
Aug 3, 2012
Get'em Buck: IRS auctions off Young Buck’s personal items
I'm a big fan of rap music but these artists need to call me before filing taxes!
The IRS auctioned off Young Buck’s personal items from his Tennessee home, while the rapper watched from prison. He is currently serving an 18-month sentence for gun possession. The auction brought in $53,000 and will be put towards the reported $200,000 he owes in back taxes.
Along with awards, jewelery, and studio equipment,Hip Hop DXalso reports that the rapper’s trademarked name is for sale as well.
Young Buck is said to have purchased several items back, including his 615 Cashville chain, which sold at auction for $12,600, but is actually worth $20,000.
If you really want to see something both sad and funny, check out Young Buck's YouTube response about the auction. The response is too crazy for me to post on my blog.