...filed for bankruptcy?

Why can't these fools simply pay their bills when they have so much money to work with?

So we've got Toni Braxton filing bankruptcy twice - current

Sammy Davis Jr got cleaned out by the IRS - late 80s

MC Hammer filed bankruptcy and owed some major taxes - late 80s

Willie Nelson got taken to the cleaners by the IRS - not sure when but I heard about this

George Clinton filed for bankruptcy I think twice - 90s

Grace Jones filed for bankruptcy - 90s

Didn't James Brown get taken to the cleaners by the IRS?

I think they hit James Brown too.

Jermaine Dupri is another one.

Some of the most successful artists are simply of a different ilk. Many others are so successful that they just assume i) taxes will be paid, or ii) they're too important or beloved for the IRS to come after them.

dayum jermaine dupri got hit too???

now that's a shame.

I don't know the years, but I remember these performers had tax problems:

Marvin Gaye

Aretha Franklin

Billy Joel

Marlon Jackson

Tina Turner

MickyDolenz said:

I don't know the years, but I remember these performers had tax problems:

Marvin Gaye

Aretha Franklin

Billy Joel

Marlon Jackson

Tina Turner

the bolded ones are surprising to me. I assumed they made sound investments and had multiple streams of income. wasn't billy joel worth half a billion at one time?

DesireeNevermind said:

MickyDolenz said:

I don't know the years, but I remember these performers had tax problems:

Marvin Gaye

Aretha Franklin

Billy Joel

Marlon Jackson

Tina Turner

the bolded ones are surprising to me. I assumed they made sound investments and had multiple streams of income. wasn't billy joel worth half a billion at one time?

I think Marlon's was in the 80's, I remember it was said he had to sell off some of his awards and memorabilia. I don't know if it's true or not, but I heard that Janet gave him some kind of royalty credit on her Rhythm Nation album to help him out. Billy Joel's problems had something to do with his old manager ripping him off. Billy fired and sued the manager.

DesireeNevermind said:

MickyDolenz said:

I don't know the years, but I remember these performers had tax problems:

Marvin Gaye

Aretha Franklin

Billy Joel

Marlon Jackson

Tina Turner

the bolded ones are surprising to me. I assumed they made sound investments and had multiple streams of income. wasn't billy joel worth half a billion at one time?

Aretha's problems with the IRS go back to the mid-1970s. Billy's had to do with managers screwing him out of his money. Marlon's predicament was similar to his brothers'.

George Harrison said the British government was taking most of The Beatles' earnings and that's why he wrote Taxman. Several British performers moved elsewhere and became tax exiles like Mick Jagger & Eric Clapton.

MickyDolenz said:

George Harrison said the British government was taking most of The Beatles' earnings and that's why he wrote Taxman. Several British performers moved elsewhere and became tax exiles like Mick Jagger & Eric Clapton.

To my knowledge Clapton resolved his tax issues but did Jagger?

DesireeNevermind said:

MickyDolenz said:

I don't know the years, but I remember these performers had tax problems:

Marvin Gaye

Aretha Franklin

Billy Joel

Marlon Jackson

Tina Turner

the bolded ones are surprising to me. I assumed they made sound investments and had multiple streams of income. wasn't billy joel worth half a billion at one time?

Tax problems for some of these artists can come from bad accountants, poor bookkeeping or in Franklin's case, ignoring payment requests. Aretha is 60 million rich in the pocket - it is inexcusable to have tax lien problems, but hey she doesn't have managment and basically trusts no one.

[Edited 10/15/10 8:24am]

Peabo Bryson

DesireeNevermind said:

MickyDolenz said:

I don't know the years, but I remember these performers had tax problems:

Marvin Gaye

Aretha Franklin

Billy Joel

Marlon Jackson

Tina Turner

the bolded ones are surprising to me. I assumed they made sound investments and had multiple streams of income. wasn't billy joel worth half a billion at one time?

really? what Jackson has ever made sound investments and multiple streams of income? Michael and Janet for that last part, but none of them for the first part, and all the rest of 'em were living off of Michael.

Didn't Sting also have money issues?

Master P (although he never personally filled for bankruptcy, he did under is label after the ISR came at him)

errant said:

DesireeNevermind said:

the bolded ones are surprising to me. I assumed they made sound investments and had multiple streams of income. wasn't billy joel worth half a billion at one time?

really? what Jackson has ever made sound investments and multiple streams of income? Michael and Janet for that last part, but none of them for the first part, and all the rest of 'em were living off of Michael.

Actually, Marlon is doing well today. He's into real estate and owns a grocery store chain. He used to own a Christian television network, but sold it. Now he's planning on building a resort and slavery museum in Nigeria.

errant said:

DesireeNevermind said:

the bolded ones are surprising to me. I assumed they made sound investments and had multiple streams of income. wasn't billy joel worth half a billion at one time?

really? what Jackson has ever made sound investments and multiple streams of income? Michael and Janet for that last part, but none of them for the first part, and all the rest of 'em were living off of Michael.

janet is actualy a very smart business woman, she has made sound investments.

DesireeNevermind said:

dayum jermaine dupri got hit too???

now that's a shame.

He's always beind on his taxes. He owed the gov. over 3 million just last year.

midiscover said:

DesireeNevermind said:

dayum jermaine dupri got hit too???

now that's a shame.

He's always beind on his taxes. He owed the gov. over 3 million just last year.

He was with Janet for booty and bank

midiscover said:

DesireeNevermind said:

dayum jermaine dupri got hit too???

now that's a shame.

He's always beind on his taxes. He owed the gov. over 3 million just last year.

Jermaine always threw his money out in the club and losing it. So that didn't help matters for him.

bboy87 said:

midiscover said:

He's always beind on his taxes. He owed the gov. over 3 million just last year.

He was with Janet for booty and bank

There's actually a video of him getting eye surgery but he had to call Janet up to pay for him

midiscover said:

bboy87 said:

He was with Janet for booty and bank

There's actually a video of him getting eye surgery but he had to call Janet up to pay for him

Mrs. Jackson taught her children to give charity to those who need it

even to bug eyed trolls with soot-mouth

bboy87 said:

midiscover said:

There's actually a video of him getting eye surgery but he had to call Janet up to pay for him

Mrs. Jackson taught her children to give charity to those who need it

even to bug eyed trolls with soot-mouth

What is soot mouth?

ALL of them.

Willie Nelson got caught up in a pyramide tax shelter scheme that his accountant Price Waterhouse suggested he do and assured him it was legal. Mr. Nelson ended up owing the IRS millions but he sued P & W and got his money back he had to pay the IRS.

DesireeNevermind said:

MickyDolenz said:

I don't know the years, but I remember these performers had tax problems:

Marvin Gaye

Aretha Franklin

Billy Joel

Marlon Jackson

Tina Turner

the bolded ones are surprising to me. I assumed they made sound investments and had multiple streams of income. wasn't billy joel worth half a billion at one time?

Tax problems for some of these artists can come from bad accountants, poor bookkeeping or in Franklin's case, ignoring payment requests. Aretha is 60 million rich in the pocket - it is inexcusable to have tax lien problems, but hey she doesn't have managment and basically trusts no one.

bboy87 said:

midiscover said:

There's actually a video of him getting eye surgery but he had to call Janet up to pay for him

Mrs. Jackson taught her children to give charity to those who need it

even to bug eyed trolls with soot-mouth