How is it even possible 2 owe $7.72 million on a house that only cost $11.6 million?

Lil Wayne pays $7.72 million in back taxes, saves Miami Beach home

Rapper Lil' Wayne performs onstage during the 2012 iHeartRadio Music Festival at the MGM Grand Garden Arena on September 21, 2012 in Las Vegas, Nevada. (Photo by Isaac Brekken/Getty Images for Clear Channel)

Rapper Lil Wayne has paid his outstanding bill of $7.72 million in back taxes on his Miami Beach waterfront mansion, according to Miami-Dade County records.

The IRS released three liens on Wayne’s Miami Beach home on La Gorce Island after he bought the home after previously leasing it for two years.

Wayne paid $11.6 million for the home that is 15, 501 square feet, has three floors of glass, steel and marble and boasts a 3-level guesthouse.

http://thegrio.com/2012/12/17/lil-wayne-pays-7-72-million-in-back-taxes-saves-miami-beach-home/

[Edited 12/17/12 13:24pm]

What was he buying or spending that he owed that much?

Timmy84 said:

What was he buying or spending that he owed that much?

ANSWER: cars, chains, tattoos, &

TonyVanDam said:

Timmy84 said:

What was he buying or spending that he owed that much?

ANSWER: cars, chains, tattoos, &

Oh yeah! Silly me... don't forget codeine and Sprite drinks lol

TonyVanDam said:

Timmy84 said:

What was he buying or spending that he owed that much?

ANSWER: cars, chains, tattoos, strippers, lawyers, champagne ... &

Added some more fo you.

LittleBLUECorvette said:

TonyVanDam said:

ANSWER: cars, chains, tattoos, strippers, lawyers, champagne ... &

Added some more fo you.

He does make it rain don't he?

Timmy84 said:

LittleBLUECorvette said:

Added some more fo you.

He does make it rain don't he?

forgot child support too, I'm assuming

LittleBLUECorvette said:

Timmy84 said:

He does make it rain don't he?

forgot child support too, I'm assuming

Hmm... true.

Don't 4get Birdman & Slim's cut!!!!!!!

woogiebear said:

Don't 4get Birdman & Slim's cut!!!!!!!

That's right! Damn...

Graycap23 said:

How is it even possible 2 owe $7.72 million on a house that only cost $11.6 million?

Lil Wayne pays $7.72 million in back taxes, saves Miami Beach home

by Marquise Francis | December 17, 2012 at 3:34 PM

Comments

1

Print

Rapper Lil' Wayne performs onstage during the 2012 iHeartRadio Music Festival at the MGM Grand Garden Arena on September 21, 2012 in Las Vegas, Nevada. (Photo by Isaac Brekken/Getty Images for Clear Channel)

Rapper Lil Wayne has paid his outstanding bill of $7.72 million in back taxes on his Miami Beach waterfront mansion, according to Miami-Dade County records.

The IRS released three liens on Wayne’s Miami Beach home on La Gorce Island after he bought the home after previously leasing it for two years.

Wayne paid $11.6 million for the home that is 15, 501 square feet, has three floors of glass, steel and marble and boasts a 3-level guesthouse.

http://thegrio.com/2012/12/17/lil-wayne-pays-7-72-million-in-back-taxes-saves-miami-beach-home/

[Edited 12/17/12 13:24pm]

He didn't owe 7 mill on the purchase of the house.. the fact that he purchased the house while owing taxes is the reason the IRS was able to get him to pay his bill.. he owed 3.35 million from 2008 and 2.25 million from 2008 plus other unpaid taxes and late fees dating back to 2002 and when he bought that home the IRS placed a lien on it and if he didn't pay they were going to seize the home to settle his debt..

we can sit on here and talk horse shit about lil wayne until eartha kitts come back and sing santa baby but it wont change the fact he rich as hell and we not and can afford 2 pay those high ass taxes.our soecirty loves 2 attack and belittle people online just be a bully of words i think people that do that get fucked over in real life and they come online 2 talk shit cuz they cant outside of their computers

cbarnes3121 said:

we can sit on here and talk horse shit about lil wayne until eartha kitts come back and sing santa baby but it wont change the fact he rich as hell and we not and can afford 2 pay those high ass taxes.our soecirty loves 2 attack and belittle people online just be a bully of words i think people that do that get fucked over in real life and they come online 2 talk shit cuz they cant outside of their computers

None of that addresses my question.

Graycap23 said:

cbarnes3121 said:

we can sit on here and talk horse shit about lil wayne until eartha kitts come back and sing santa baby but it wont change the fact he rich as hell and we not and can afford 2 pay those high ass taxes.our soecirty loves 2 attack and belittle people online just be a bully of words i think people that do that get fucked over in real life and they come online 2 talk shit cuz they cant outside of their computers

None of that addresses my question.

banks said:

Graycap23 said:

None of that addresses my question.

I answered you question..

regardless of your questions he got the money 2 pay the bill none of us could im not worried about lil wayne hell i got a 649. bill from the irs and dont wanna pay hell and he paying millions in back taxes i dont bank nothing compared 2 him