Is it April Fool's already? From Hip Hop Wired.
March 5, 2013
Unfortunately the words "rapper" and "taxes" more times than not ends up in a fail (ask Ja Rule). However, Hip-Hop artists like Game, Jim Jones, Daz Dillinger and more are hoping their "expenses" at the strip club are legitimate tax deductions that will ease the pain when it comes time to pay Uncle Sam.
The folks at TMZ have the intel:
Rapper Jim Jones is figuring out how to deal with Uncle Sam next month, and he's considering deducting expenses on his income tax for making it rain. Well guess what, in theory he might have a fighting chance of winning.
Jones is not alone. Bizzy Bone tells TMZ, "I'm giving charity to females who need their light bills paid. So, of course, that's a write-off. You write off your kids, don't you?"
The Game tells TMZ ... making it rain "is good for business and promotion that comes with the lifestyle of a rapper. They bump our music in a strip club, so me giving the girls a little bit of change to shake their A$ -- that comes with the business. Everybody wins."
Daz Dillinger tells us, "Hell yeah. I'm going to see about getting my taxes fixed as soon as possible."
And Lil' Flip tells TMZ he's actually done it ... deducted making-it-rain expenses from his taxes.
Now just slow down before you start taking financial advice from MCs. Claiming "entertainment expenses" and "advertising and publicity" expenses have to be reasonable and legit.
So a struggle rapper spending his check on a big booty chick at Sin City or King of Diamonds does not count. Same deal for Drake dropping $50 grand for the pole athletes in Charlotte. Unless it was like an album release party, then the YMCMB rapper might have a case.
Still, no matter if claiming dropping ones as expenses is legit or not, once again a Jay-Z line is apropos. "Pay ya taxes, you ni--as is hustlin' backwards. "