Gossip

Damon Dash Owes Uncle Sam $2.8 Million

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Damon Dash, who was once one of the wealthiest moguls in hip hop has fallen on hard times since the break up of the Roc-A-Fella dynasty.

Dash — who co-founded Roc-A-Fella Records and Rocawear with Jay — has been open about the fact that he’s drowning in debt … despite the fact that at one time he was half-king of a multi-million-dollar business.

Now, his financial problems have worsened. Uncle Sam filed a federal tax lien against Dash, claiming he needs to cough up some un-paid tax cash for the years 2005 and 2011. The breakdown:

2005: $2,614,918.10
2011: $187,544.20

Grand total: $2,802,262.30 … i.e. a whole lotta cheddar.

The 2005 bill is clearly larger … which makes sense considering Hov and Dash parted ways back in 2004 — meaning in 2005, he was probably still raking in some major-taxable bucks. 2011 … not so much.

FYI — Dash has said he owes millions in back taxes to the State of NY and NJ and claims he’s lost multiple properties to foreclosure.

Meanwhile, Jay … is still super rich.(TMZ)

4 Comments

4 Comments

  1. Jakk Doe

    07/07/2013 at 9:08 PM

    ouch #19

  2. Celebrity Talk

    07/08/2013 at 3:01 AM

    Poor Dame

  3. money kapo

    07/08/2013 at 6:14 PM

    It is what it is YOLO lol

  4. hiphopnewsmedia

    07/08/2013 at 11:03 PM

    they ust won’t leave him alone

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