Kanye West States He Owes the IRS $50 Million in Taxes

  • On a podcast on Monday, Ye reported the IRS put a $75 million hold on four of his accounts.
  • The rapper, previously regarded as Kanye West, claimed he owed about $50 million in taxes.
  • He’s believed to be really worth about $400 million, a enormous drop for the onetime billionaire.

Ye, the rapper previously recognised as Kanye West, stated the Inner Earnings Service set a $75 million keep on his accounts.

Ye talked about his fiscal circumstance for the duration of a Monday-night time episode of the ideal-wing podcast “Timcast IRL” that also highlighted the white nationalist Nick Fuentes and the alt-appropriate figure Milo Yiannopoulos.

Talking to the host Tim Pool, Ye claimed his “finance persons” explained to him he would “have to pay a lot of taxes.”

“I am chatting about actually finding out that they were being trying to place me in jail this early morning,” the rapper stated, including: “But I located out — Ok, so they froze, they place a $75 million keep on four of my accounts. And then they mentioned you owe a ton of taxes. Took me, like, six hrs to discover out how significantly ‘a lot’ was. They said, very well, close to $50 million.”

He reported he was “naturally not the most economically literate particular person on the planet” and extra that he went to the “distinct CFOs” included in his firms to locate out if not shelling out taxes would be tax evasion.

“So now I am obtaining — I get to basically master how to operate a corporation. I get to study how to, you know, to count, really,” Ye claimed of his finances, incorporating, “It really is like I didn’t even know where to place the money.”

On Monday’s episode of the podcast — which Ye afterwards walked off from in a huff when Pool questioned an antisemitic comment he’d manufactured — the rapper explained he was seeking to obtain his possess lender and wondered aloud if he could run for president from jail. Ye said last 7 days that he was running for president once more just after a failed bid in 2020. He has not filed the paperwork to do so.

At one particular issue in the course of the podcast, the rapper reported that God was “breaking me down” by “eradicating” his riches but that his young children would be wonderful due to the fact his “toddler mama,” Kim Kardashian, has dollars.

Ye has been a supply of controversy of late, specially after he went on many antisemitic rants in October. Makes together with Adidas and Balenciaga reduce ties with Ye Forbes believed in late October that Ye’s net really worth was $400 million, down from about $1.5 billion.

Ye claimed very last week that Adidas, which ended its partnership with him on October 25, was suing him for $275 million. Adidas declined to remark on Ye’s claims.

When contacted by Insider, an IRS consultant mentioned: “Federal law prohibits the IRS from commenting on or confirming anything at all related to private taxpayer issues.” 

 

November 30, 2022: This story has been current to involve a remark from the IRS.