Sep 1, 2010

Rapper Young Buck has filed for Chapter 13 bankruptcy in the wake of an Internal Revenue Service raid on his Hendersonville, Tenn., home.

According to The Tennessean newspaper, a judge on Aug. 20 accepted Young Buck's proposal to dock his monthly pay from Cashville Records by $12,500 over 60 months for a total of $750,000.

Chapter 13 allows a five-year repayment plan permitting unsecured creditors to recover part of what they are owed.

The rapper, whose name is David Darnell Brown, could save a large portion of the $164,000 in property the IRS seized Aug. 3.

The IRS says he owes the agency more than $300,000. Additionally, his creditors include the state of New York, American Home Mortgage Service and Wells Fargo Auto Insurance.

Young Buck's albums include Straight Outta Cashville and Buck the World.

http://www.usatoday.com/l...ptcy_N.htm

PAY UR TAXES STUPID and u won't have this problem!

how the hell is he earning enough to be docked that much in TAX?

He earns $19K a month from his indie label (Cashville Records) and additional income, including royalty payments.

Identity said:

He earns $19K a month from his indie label (Cashville Records) and additional income, including royalty payments.

Does he own the label?

He made a mistake being on the cover of the local publication Nashville Scene talking about how he was still making money and eating well despite his feud with 50 Cent.

Can't be bragging when you know you owe the IRS!

Cinnie said:

Identity said:

He earns $19K a month from his indie label (Cashville Records) and additional income, including royalty payments.

Does he own the label?

Yes.

Cinnie said:

Identity said:

He earns $19K a month from his indie label (Cashville Records) and additional income, including royalty payments.

Does he own the label?

missfee said:

exactly! stupid mofos make all that money and don't wanna give uncle sam his cut. uncle sam don't play. he is the most ruthless bill collector you will ever come to know.

FunkyGraf said:

He made a mistake being on the cover of the local publication Nashville Scene talking about how he was still making money and eating well despite his feud with 50 Cent.

Serves him right!

Good luck taking just 1/4 of Uncle Sam's dick out of your arsehole, Young dummy.

SMH.

yeah im tired of people earning shit loads of money and not paying taxes and then claiming to still be "one of the poeople" get the fuck out of here, i think its a bigger crime that he earns 19,000 a month for his wackness

Cinnie said:

how the hell is he earning enough to be docked that much in TAX?

I said the same thing

lastdecember said:

yeah im tired of people earning shit loads of money and not paying taxes and then claiming to still be "one of the poeople" get the fuck out of here, i think its a bigger crime that he earns 19,000 a month for his wackness

what shitload of money? Young Buck hasn't counted since 2005

bboy87 said:

lastdecember said:

yeah im tired of people earning shit loads of money and not paying taxes and then claiming to still be "one of the poeople" get the fuck out of here, i think its a bigger crime that he earns 19,000 a month for his wackness

what shitload of money? Young Buck hasn't counted since 2005

Wasn't he on Money In The Bank in like 06 or 07.

Yet another valid reason to dislike Hip Hop.

Marrk said:

Yet another valid reason to dislike Hip Hop.

You must really hate Country Music (Willie Nelson)

Big Band (Sammy Davis Jr.)

And stand-up comedy albums (Redd Foxx)

Marrk said:

Yet another valid reason to dislike Hip Hop.

Marrk said:

Yet another valid reason to dislike Hip Hop.

So you're gonna hate a genre of music just because you got a few lazy hip hop artists who don't want to pay their taxes? Yeah sure. That's a very "valid" reason then.

Marrk said:

Yet another valid reason to dislike Hip Hop.

Young Buck doesn't represent hip-hop, take that back.

rbrpm said:

PAY UR TAXES STUPID and u won't have this problem!

He is a Stupid! Stupid! This not the time to be trying to play Hide and Seek with Uncle Sam. They will find your ass and quickly make you their Government Bitch!

He made a song called "Money In The Back"

Betta get it out the bank!

Marrk said:

Yet another valid reason to dislike Hip Hop the IRS.

NastradumasKid said:

Marrk said:

Yet another valid reason to dislike Hip Hop.

So you're gonna hate a genre of music just because you got a few lazy hip hop artists who don't want to pay their taxes? Yeah sure. That's a very "valid" reason then.

Read and understand. It's not 'just because' he doesn't pay tax. But, like i said, it's ANOTHER valid reason. Amongst loads of others.

[Edited 9/3/10 10:25am]

Paris9748430 said:

Marrk said:

Yet another valid reason to dislike Hip Hop.

You must really hate Country Music (Willie Nelson)

Big Band (Sammy Davis Jr.)

And stand-up comedy albums (Redd Foxx)

Cinnie said:

Marrk said:

Yet another valid reason to dislike Hip Hop the IRS.

But seriously this is why you shouldn't brag about shit you don't have. No one likes the IRS but you gotta pay up.

[Edited 9/3/10 12:20pm]

Marrk said:

NastradumasKid said:

So you're gonna hate a genre of music just because you got a few lazy hip hop artists who don't want to pay their taxes? Yeah sure. That's a very "valid" reason then.

Read and understand. It's not 'just because' he doesn't pay tax. But, like i said, it's ANOTHER valid reason. Amongst loads of others.

[Edited 9/3/10 10:25am]

I'm not a simpleton, I understood what you said. However, your comment alone just goes to show how much of an ignoramus you really. Even if it is another reason for you to dislike hip hop, it's surely a far cry from being "valid".

Young Schmuck would do well to develop financial responsibility and, most imporant, don't take the IRS' warning notices lightly. Many have done so and had their assets and belongings snatched.

[Edited 9/3/10 12:35pm]

Marrk said:

Yet another valid reason to dislike Hip Hop.

I wouldn't call Young Buck hip hop......