West Coast Connection Forum
DUBCC - Tha Connection => West Coast Classics => Topic started by: D1G1T4L on December 29, 2010, 02:24:08 PM
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Alvin Joiner, a.k.a. Xzibit, a.k.a. recursive Internet meme guy, owes nearly $1 million in delinquent federal taxes. His excuse for not paying them? The cancellation of Pimp My Ride. Seriously.
The rapper-turned-actor-turned-host-turned-tax-evader has declared bankruptcy twice since 2009 and had both bankruptcies dismissed according to Tax Watchdog. Halfway through last year he had assets of approximately $739,433 but owed more than $1.4 million.
His claim that cancellation of the show that made him famous is behind his financial problems doesn't appear to be entirely untrue, as his records indicate he made $497,175 for headlining Pimp My Ride in 2007 and the next year, after the show was canceled, only made a paltry $67,510.
The most interesting revelation from his tax records? He didn't own a car while hosting the show. He was leasing a 2006 Range Rover for $2,230 a month. Bad Xzibit, imagine what the guys in the shop could have done with a 1986 Range Rover you bought for $2,230.
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It looks like Hollywood hasn’t been all that good to Mr. Xzibit. Though the rapper turned actor has gotten a few roles in feature films these past few years, it’s clear they’re not paying the bills because I just got word that Alvin’s home has gone into foreclosure.
Born Alvin Joiner, 34, Xzibit owes the IRS in back taxes totaling the sum of $501,840.
According to the Detroit News, the rapper’s debts breaks down as follows:
$205,485: The IRS filed a lien in this amount on Feb. 4 in the Los Angeles County Recorder of Deeds office.
$296,355: The IRS filed a lien in this amount on April 17, 2008, in Los Angeles County.
This recession is exposing everybodies Dirty Laundry. In a recent interview with Clay Cane over at BET.com , Alvin broke down the difference between music industry check versus Hollywood checks. Check an excerpt below:
You’ve achieved more mainstream success with movies and television rather than hip hop. Do you miss hip hop?
Damn! You officially kicking me out, my dude? [Laughs]
No, I’m not! [Laughs] You’ve just really done well with the films and television.
I love music. Music is the catalyst for why all of this stuff is working. It’s what I feel I communicate the best. Other people, they see the film and TV, but the music, for me, is important. It started when I was a child, I believed in it and there are certain things I feel like I have to accomplish in music. Just the drive and what needs to be said. I feel like I do have some records left in me. I have to get it done.
What is the difference between Hollywood and hip hop?
Man, where do I begin? [Laughs] Well, people can be punctual in hip hop but it’s a must in movies. You have to hit your marks, you have to hit your timing, you have to be where you need to be—you mean what you say, you say what you mean. In music, it’s a constant grind until you achieve a level of success, but in movies it’s different, it’s immediate. You don’t have to wait weeks and weeks and hope you get paid. You perform, you get what you negotiate, that’s it, you go home and it’s a wrap.
Clearly homie wasn’t negotiating enough coins, was he?
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I just don't get why people that make all this money get into situations like thas. If you got money, stop buying all that damn jewelry and invest in property, businesses. Why would you lease a care for $2000+ a month, that is just stupid. Buy your house and don't take out a damn loan. If you supposed to be rich what do you need a loan for?
Any idiot know that taxes being paid is critical and if you owe that much I can't even imagine what the penalties are on that shit.
Niggas just don't know how to handle they money right.
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what the fuck kinda excuse is that ?
my show got cancelled so i'm not gonna pay my taxes.
you dumb muthafucker.
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wow lol What a Moron.
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I just don't get why people that make all this money get into situations like thas. If you got money, stop buying all that damn jewelry and invest in property, businesses. Why would you lease a care for $2000+ a month, that is just stupid. Buy your house and don't take out a damn loan. If you supposed to be rich what do you need a loan for?
Any idiot know that taxes being paid is critical and if you owe that much I can't even imagine what the penalties are on that shit.
Niggas just don't know how to handle they money right.
Don't know how it is over there in america but over here buying a house with a mortgage could get you some tax breaks that could save you allot of money on the actual purchase.
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I just don't get why people that make all this money get into situations like thas. If you got money, stop buying all that damn jewelry and invest in property, businesses. Why would you lease a care for $2000+ a month, that is just stupid. Buy your house and don't take out a damn loan. If you supposed to be rich what do you need a loan for?
Any idiot know that taxes being paid is critical and if you owe that much I can't even imagine what the penalties are on that shit.
Niggas just don't know how to handle they money right.
Don't know how it is over there in america but over here buying a house with a mortgage could get you some tax breaks that could save you allot of money on the actual purchase.
They got that out here too. I don't get why these mofos get loans to buy a house. Buy that shit straight out, at least it will be yours, all you will have is property taxes and upkeep. Niggas be tryin to keep money in they pocket. Bad money management is a mofo.
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the game is next
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game probably secure based on tours
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game probably secure based on tours
yeah in europe but that wont last forever
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Damn X...
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Restless is a classic.
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Restless is a classic.
No, at the speed of life, and 40 dayz are classics.
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recessions a bitch, im not doubting dude invested and real estate and due to the volatile real estate market on that sub prime rate thing got screwed also and lost some of his homes..
its not like he cant get a job, dudes talented
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Guess he's got more reason than ever to drop that new album
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Guess he's got more reason than ever to drop that new album
;D ;D
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Guess he's got more reason than ever to drop that new album
Exactly what I was thinking! It's a sure thing dude'll drop an album & embark on a worldwide tour right away!
Now it also makes more sense he would "rally" his Open (but empty!) Bar with Mack 10's Hoo'Bangin! It wasn't he who did Mack a favour but Mack who helped X with a bit of hard cash!
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Damn X...
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Restless is a classic.
No, at the speed of life, and 40 dayz are classics.
yeah, but that won't pay his taxes
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LMAO @ who ever typed that bullshit up, you must have a hard on for X ! calling him Alvin, Xzibit, Mr. Xzibit, Tax evader....etc 8)
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Restless is a classic.
No, at the speed of life, and 40 dayz are classics.
NO , no and no...
Damn man what happened to a good record those records are dope but not classics.
You mean to tell m you put those records next to doggystyle or 366 chambers or illmatic... common
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Restless is a classic.
No, at the speed of life, and 40 dayz are classics.
NO , no and no...
Damn man what happened to a good record those records are dope but not classics.
You mean to tell m you put those records next to doggystyle or 366 chambers or illmatic... common
I could see the viewpoint of X's 1st 3 albums being classics. For me DEFINITELY his 40 Dayz and Restless albums are to me.
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X Files 2 was the beginning of the end .He needs to put great music out and tour .He has a nice fan base .Maybe he can sign with his buddy Eminem .
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X Files 2 was the beginning of the end .He needs to put great music out and tour .He has a nice fan base .Maybe he can sign with his buddy Eminem .
Xzibit isn't in the position to sell out and benefit from it.
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Restless is a classic.
No, at the speed of life, and 40 dayz are classics.
NO , no and no...
Damn man what happened to a good record those records are dope but not classics.
You mean to tell m you put those records next to doggystyle or 366 chambers or illmatic... common
No, that albums what you mentioned are MORE than classics.
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Restless is a classic.
No, at the speed of life, and 40 dayz are classics.
NO , no and no...
Damn man what happened to a good record those records are dope but not classics.
You mean to tell m you put those records next to doggystyle or 366 chambers or illmatic... common
At the Speed Of Life >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> Doggystle
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Restless is a classic.
No, at the speed of life, and 40 dayz are classics.
NO , no and no...
Damn man what happened to a good record those records are dope but not classics.
You mean to tell m you put those records next to doggystyle or 366 chambers or illmatic... common
At the Speed Of Life >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> Doggystle
Someone started drinking a little bit too early today.
In all seriousness, Xzibit could release the best record of his life and wouldn't make any money. I'm amazed any rapper is staying afloat these days with the horrible record sales market.
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Restless is a classic.
No, at the speed of life, and 40 dayz are classics.
NO , no and no...
Damn man what happened to a good record those records are dope but not classics.
You mean to tell m you put those records next to doggystyle or 366 chambers or illmatic... common
At the Speed Of Life >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> Doggystle
Someone started drinking a little bit too early today.
In all seriousness, Xzibit could release the best record of his life and wouldn't make any money. I'm amazed any rapper is staying afloat these days with the horrible record sales market.
Even without the drinking At the speed of life >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> Doggystyle
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I don't mind if he is broke cause most people are.....until the check comes
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No wonder his label folded into Hoo Bangin'. Damn, sucks for him though. Just goes to show that fame doesn't provide permanently unless you plan your exit yourself.
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Restless is a classic.
No, at the speed of life, and 40 dayz are classics.
NO , no and no...
Damn man what happened to a good record those records are dope but not classics.
You mean to tell m you put those records next to doggystyle or 366 chambers or illmatic... common
At the Speed Of Life >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> Doggystle
Someone started drinking a little bit too early today.
In all seriousness, Xzibit could release the best record of his life and wouldn't make any money. I'm amazed any rapper is staying afloat these days with the horrible record sales market.
check the charts.
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Restless is a classic.
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Sucks to hear that. I guess extreme makeover home edition don't pay at all. 1 of the reasons that financial management should be mandatory in schools. High school & jr. high. Ohio has it, all I know. Hopefully he'll get out this mess.
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(http://i51.tinypic.com/11h9w8z.gif)
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http://www.celebritynetworth.com/richest-celebrities/rappers/xzibit-net-worth/ (http://www.celebritynetworth.com/richest-celebrities/rappers/xzibit-net-worth/)
;D
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Dumbass.
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GOT A LITTLE QUESTION FOR THAT NIGGA THAT MADE PAPPARAZI
IF YOU AINT IN THE RAP GAME FOR THE MUTHAFUCKIN CASH MANE
THEN WHAT IS YOUR MUTHAFUCKIN PURPOSE 8)