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.
He leased a Range Rover for 2,200 a month? He could have just bought the stupid thing and saved a ton of cash
I don't get it how could this dude be broke? And how can he blame Pimp my ride? He was also in XXX: State of the Union for a while... He must have at least gotten a $100K out of that...
Maybe they can bring the show back, and then have someone go to his house and take his range rover and 'pimp it'
Put a PC in the back with turbo tax preinstalled
You know this happens alot. look at mc hammer, dude made a mint off of cant touch this, and he went belly up, he even made commercials making fun of it. Randy Quaid got busted for squatters rights, numerous others busted for tax evasion. I guess they become supa stars and think the rules dont apply to them anymore. Oh well....
"The opinions expressed in the preceding post are purely an opinion and not meant to be used as a reference. So if you screw something up because of something I said I will not and can not be held responsible". Thank you for understanding.
Tim Strong http://upscaleaudiodesigns.webs.com/
Email: [email protected]
X-box Live Gamertag:quad drpr
You know Chris its funny you mention that. Cause on Christmas Day we ALWAYS watch Christmas Vacation, and my wife made the same comment. LOL I guess he really gets into his roles huh.
"The opinions expressed in the preceding post are purely an opinion and not meant to be used as a reference. So if you screw something up because of something I said I will not and can not be held responsible". Thank you for understanding.
Tim Strong http://upscaleaudiodesigns.webs.com/
Email: [email protected]
X-box Live Gamertag:quad drpr
