According the Yahoo Music Blog, Prince is in deep kimchi about paying his state property taxes. He owes more than $227,000 on his PRN Music Corporation , which is located in his Paisley Park complex near Minneapolis. $27,000 of that is a fee for not paying the tax on time. And if that isn't enough, according to the county's taxpayer services manager Prince owes about $450,000.00 on all of the rest of his properties. And if Prince doesn't pay up soon or file a written objection by April 21, 2010. He could face forfeiture on said properties, some of which he has owned since the 80s. I think he should either go on tour again, or release some of those songs he's got tucked away in his vault. His loyal fans would snap up a new Prince cd in a heart beat!
What is up with all of these celebrities who are multimillionaires and them not paying their taxes? Poor Wesley Snipes for failing to file income taxes. Nick Cage is in hot water and facing foreclosure on several of his homes. According to Wikipedia.org on July 14, 2009 the IRS filed a $6.2 million dollar lien on Nicolas Cage for failing to pay all of his 2007 income taxes. In addition to that the IRS has filed another lien for an additional #350,000.00 in back taxes for years 2002 to 2004. On October 16, 2009 Nicolas Cage filed a $20million lawsuit against his business manager Samuel J Levin alleging fraud and negligence. Because Levin failed "to pay taxes when they were due and had placed [Cage} in a speculative and risky real estate investments resulting in [Cage] suffering catastrophic losses". Cage subsequently loss the Lalurie house in New Orleans to foreclosure. It was sold at auction on 12 November 2009.Homes in California and Nevada also face foreclosure. I dont understand why Nicolas Cage can't make another picture, since he makes $20 million per film and get himself out of debt. Hello? hahahahahahaha
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