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Rapper DMX dodged $1.7 million in taxes by 'maintaining a cash lifestyle,' prosecutors say
Source: Washington Post
Rapper DMX dodged $1.7 million in taxes by ‘maintaining a cash lifestyle,’ prosecutors say
By Derek Hawkins July 14 at 6:25 AM
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On Thursday, DMX was charged in a 14-count indictment with concealing millions of dollars in income from the Internal Revenue Service and dodging some $1.7 million in federal tax liabilities.
The 46-year-old rapper, whose given name is Earl Simmons, surrendered to authorities and was set to appear in the U.S. District Court for the Southern District of New York Friday morning, according to prosecutors.
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Known for his guttural voice and confrontational, frequently violent lyrics, DMX made his debut in 1998 with the album “It’s Dark and Hell Is Hot,” featuring the now-classic single “Ruff Ryders’ Anthem.” He went on to release six more records and numerous singles. All but two of his albums have been certified platinum by the Recording Industry Association of America. He has toured the world playing sold-out concerts and has appeared in more than a dozen films, including the 2014 comedy “Top Five” directed by comedian Chris Rock.
Prosecutors claim that for several of those years DMX evaded taxes by avoiding personal bank accounts, setting up accounts in other people’s names and “maintaining a cash lifestyle” to pay for personal expenses. In one instance, he refused to tape a segment for the television show “Couples Therapy” until he was issued a check for $125,000 that didn’t withhold taxes, according to the indictment.
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Read more: https://www.washingtonpost.com/news/morning-mix/wp/2017/07/14/rapper-dmx-dodged-1-7-million-in-taxes-by-maintaining-a-cash-lifestyle-prosecutors-say/
By Derek Hawkins July 14 at 6:25 AM
[font size=1]-snip-[/font]
On Thursday, DMX was charged in a 14-count indictment with concealing millions of dollars in income from the Internal Revenue Service and dodging some $1.7 million in federal tax liabilities.
The 46-year-old rapper, whose given name is Earl Simmons, surrendered to authorities and was set to appear in the U.S. District Court for the Southern District of New York Friday morning, according to prosecutors.
[font size=1]-snip-[/font]
Known for his guttural voice and confrontational, frequently violent lyrics, DMX made his debut in 1998 with the album “It’s Dark and Hell Is Hot,” featuring the now-classic single “Ruff Ryders’ Anthem.” He went on to release six more records and numerous singles. All but two of his albums have been certified platinum by the Recording Industry Association of America. He has toured the world playing sold-out concerts and has appeared in more than a dozen films, including the 2014 comedy “Top Five” directed by comedian Chris Rock.
Prosecutors claim that for several of those years DMX evaded taxes by avoiding personal bank accounts, setting up accounts in other people’s names and “maintaining a cash lifestyle” to pay for personal expenses. In one instance, he refused to tape a segment for the television show “Couples Therapy” until he was issued a check for $125,000 that didn’t withhold taxes, according to the indictment.
[font size=1]-snip-[/font]
Read more: https://www.washingtonpost.com/news/morning-mix/wp/2017/07/14/rapper-dmx-dodged-1-7-million-in-taxes-by-maintaining-a-cash-lifestyle-prosecutors-say/