I seen the Star Tribune article about Princes taxes, some of that info was on a yahoo home page article:

Posted Thu Mar 25, 2010 12:08pm PDT by Joe Lynch in Stop The Presses!
http://new.music.yahoo.co...-revealed/

Pop icons Bono and Prince may share an unerring gift for crafting hits, but when it comes to keeping that money through financial savvy, it seems they still haven't found what they're looking for.

While U2's frontman is celebrated for his charitable work in Africa and bipartisan approach to political issues, the Irish singer is actually "the worst investor in America" according to the online publication, 24/7 Wall Street.

Bono is one of five members of Elevation Partners' investment team, which 24/7 Wall Street claims has made "an unprecedented string of disastrous investments which even bad luck could not explain."

The U2 singer's firm has invested huge amounts of money into Palm smartphones, Forbes magazine, and Move.com, all of which are currently struggling. Elevation's largest investment is also its most disastrous: Bono's firm put $460 million into Palm, the company that unsuccessfully tried to carve a piece of the smartphone market away from Apple, RIM, and other more popular mobile handset-makers. Last September, Palm's shares sold for $18, but when the company released its most recent earnings figures, shares plummeted to $3.65.

Prince's financial woes are of another kind-he's not so much losing money as he is failing to pay it. The Purple One owes more than $227,000 in taxes to his home state of Minnesota for his PRN Music Corporation, which is located in his famous Paisley Park complex near Minneapolis.

The majority of that amount was due back in 2009, with an extra $27,000 thrown on as a penalty for delinquency.

If that isn't enough, the county's taxpayer services manager estimates that with all his property combined, the R&B mastermind owes about $450,000 in taxes. If Prince doesn't rustle up the cash before April 21 or file a written objection, he could face forfeiture on those properties, some of which he's owned since the '80s.

If there are any doves nesting in Paisley Park, it seems we may finally learn what it sounds like when they cry.

Those are big numbers.

Nothinbutjoy said:

No they arent. Not to Prince. Comeon now. That pocket change. Its simply a tax blunder that will be easily remedied. Lots of stars get into this. It isnt liek George Clinton/Willie Nelson tax woes i.e. he didnt have the loot to pay it etc etc.

Now that Bono...he sure did mess up his investments up lol..and his wifes career too....(Morris/Billy Sparx)

xlr8r said:

Bullshit. Those are big numbers.

Very few people have infinite dollars...Bono's closer to it than Prince is.
[Edited 3/25/10 19:56pm]

xlr8r said:

half a mil isn't pocket change to anyone, no matter how rich you are.

Nothinbutjoy said:

Bullshit to you. You dont think Prince has at least 30 mil surplus?

And Im sure Bono has otns more than Prince..what I meant is that it osund slike he sunk around 40 mil or so down the drain

.
[Edited 3/25/10 19:58pm]

errant said:

Yes it is. Yall broke azzes may not think so.

xlr8r said:

yeah, especially with all those overdraft charges people around here are going to get from their banks after Prince "accidently" charges them for another year of nothing

talk about broke azzez...

errant said:

folks living check to check like that ought not be pruchasing website memberships imo lol for real...

xlr8r said:

30 mil???? Talk about a drop in the bucket. 30 mil won't last but a hot second when you're paying a couple hundred thousand a month to rent a CA house on the hill and all his other expenses. It's not about how much he has, it's about how he manages it and what money he's got coming in verses the money he spends.

As far as this tax stuff, he is actually throwing money down the drain. They don't start talking forfeiture immediately. His taxes have been delinquent for a bit for it to have gotten to that point. Also, those penalties (and the interest which the article fails to mention) on that amount of money will multiply like a couple of hamsters. He's just giving it to the gov't.

It's piss poor money management. You brought them up....ask George and Willie...regardless of how much you have...you don't give Uncle Sam his cut...he gonna fuck you up.

So double bullshit to you.

Nothinbutjoy said:

lmao

he can have that paid in an hour lol

yall love acting like he cant pay his bills

xlr8r said:

Stop making sense. You're raining on the group bitch session/pity party.

xlr8r said:

I'm not living check to check. And if I couldn't afford it at the time, I wouldn't have signed up. But circumstances change in the course of the year and a lot of people who could blow $77 on nothing a year ago just got charged again when a) they can't afford it any more and b) jumped through the hoops to try to prevent it from happening.

And I didn't get charged again. My CC# has changed in the last year. I'm just tired of being a fan of a guy that would do that. And yeah, that's on me, but really, how low can you go?

Genesia said:

Yeah, because we all know that people living paycheck to paycheck don't deserve anything that might bring a little fun to their lives.

And they all deserve to get a boring product for their money. Everyone knows that.

Nothinbutjoy said:

Are you telling me that folks who can't afford $77 for a website that promised nothing can't find "a little fun" for less than that? Please.

A huge part of the current worldwide financial disaster is a result of people thinking they're entitled to whatever "little fun" they want, no matter how much it costs.

Genesia said:

lol I know..they on here day to day

Nothinbutjoy said:

go siddown somewhere..all mad and shit power to the peopling

xlr8r said:

Prince really is stupid.

He hasn't hired ya'll to spin his shit into shinola.

Nothinbutjoy said:

come on now Joy. Im just saying 200 grand isnt much in the grand scheme of things to Prince.

Sheesh yall love being here day to day giving spark to this man who is so supposedly god-awful... I think it gives some of yall life lol

but another qualude yall will love him again

xlr8r said:

I'm out...sides hurt from laughing. Ya'll just make me laugh.

come on prince, just give us the "Y'all pay my taxes and lawyer fees" world tour.

we all win.
[Edited 3/25/10 21:24pm]

Nothinbutjoy said:

lol cool

Spinzilla said:

Nothinbutjoy said:

The Cali 3121 home's rent was paid for by the perfume co. Prince did not pay a dime on the rent.

xlr8r said:

remember back during the Lovesexy era when the media tried to say Prince was having financial problems? Thats around the time when the media first tried to stir up shit for ole boy and make him look like he's runnin outta cash. nukka please he's loaded and this shit is all hype...

Nothinbutjoy said:

Well, 10 dollars are big numbers if you don't have anything in your pocket.

muskiediver said:

muskiediver said:

I like that.

come on all he has to do is play another 1 million gig for a rich kid's barmitzvah to take care of that little bill...