Damon Dash

Damon Dash Hit With $2.8 Million Tax Bill


(AllHipHop News) Financial troubles continue to plague executive Damon Dash, who was recently hit with a $2.8 million tax bill.

According to TMZ.com, the former Roc-A-Fella Records CEO owes for the years 2005 and 2011.

Damon Dash is accused of failing to pay the IRS $2,614,918.10 in 2005, while 2011 shows that he owed $187,544.20.

In May, Damon Dash appeared in a Manhattan Court to answer charges that he failed to  pay back a $237,078 loan.

[ALSO READ: Hip-Hop Rumors: Is Dame Dash Rich Or Broke]

During the court filings, he detailed his financial woes.

“I am currently several months behind paying my personal bills,” Damon Dash said in the filing. “For instance, I am currently over $100,000 behind in rent for the only home in which I live and at risk of being evicted.”

Damon Dash also has to pay $24,000 every three months to his ex-wife Rachel Roy, $20,000 per-month in garnished wages, $4,341.10 a month for his son Christian and over $40,000 per-month in outstanding tax obligations.

“I’m an independent businessman and this is what comes from business,” Dash continued. “I have the guts to fight my battles on my own and it’s entertainment to everybody else because I’m so cool about it.”

  • southside4lyfe

    kinda of funny you behind on bills when you said in an interview a couple months ago you said you wasn’t no were near broke. now dame you goin b locked up wit fat joe and lauryn hill see you in 3 years

    • Afi Keita James

      At Least Lauryn and fat joe plead guilty to their charges.

      • Big P Bastard

        True but even if Dame plead guilty and spent time in jail, he’d still have to pay restitution and fines…His issue is the ability to pay or so he says!

    • dexter

      dat ni@@a broke & reg people broke t0 not MiJack broke. just broke! & u rite if I had to bet on it rite rite rite now I would go wit he is going to jail…
      now whats funny is I wonder iif he is even still able to call Jay Z directly & ask for help let alone Jay actually helping him…mmmmmmm(in my arsenal hall voice)

      • Big P Bastard

        He owes jay z some money already… a few years back (even though they were still beefing then), the rumor was he went to the def jam office to see jay when he was president…jay supposedly let him borrow some cash to get his tax woes together then…short;y thereafter, jay and lyor cohen tried to negotiate a deal to get the masters back for reasonable doubt and at that time, dame said it wasnt for sale and he would never sell it.

      • dexter

        ooo that sounds about rite…but I get the feeln he will sell now. now the big question is… how much is the master worth or how much is Jay willing or will pay for it?

      • Big P Bastard

        It probably won’t matter (unless it’s done under the table which I know Jay probably won’t do) because whatever cut Dame gets, he will most likely have to pay it all towards his debt…I mean as a business, they will report the sale to the IRS so they can get the tax credit and Dame will get a 1099 or sumn like that..Hence why I said if the sale was done under the table…Now I have a question…does the IRS know what all of Dames assets are and if so, is the RD masters a part of this? Hmmmm

      • dexter

        Idk Im pretty sure they all ova JAy money & wat he do wit it. They def waiting 4 him to slip up so i dnt think he will risk it wit an under tha table deal. but idk tho. & thats a Dame good question & yes a pun was intended. lol. this & many otha questions will soon be answered in the “Dam Dame Dash… U broke Ni@@a?” saga…. lol

  • DesignatedH8R

    Owing 2 million dollars sounds pretty bad. I don’t see how he can generate enough money to pay that back. He needs another Jay-Z.

    • dehova

      He needs another Biggs …. or another State Property where he can put everything in their name, tell them “we family” and put a couple dollars in their pocket.

      • brotha_man

        better hope when beans gets out he still has a little left in the tank.

      • dexter

        dat ni@@a in da pen again?

      • brotha_man

        yeah. gun charges and taxes

      • dexter

        naw bruh man! get da fuk out! I missed dat! wow! smh. I wanna say dumb ni@@a but u noe i am already thinking it so I don’t have to say it… lol

      • Negro Peligro

        Beans done. The 50 cent side by side album cover was career suicide. Nobody understands you beefing with the dude that shows up to your court cases. Pays your lawyer fees. Got you your own label. Clothing line. And now you next to 50 cent cause you can’t get on stage. YA DONE.

      • dehova

        You talking bout Jay or Dame? I can’t say this with any authority but reading between the lines, Dame/Jay gave him a Tupac contract meaning they fed him but didn’t give him what he was really making off of his brand. And we can argue all day long about how he wouldn’t have been shit with out Jay but in a crew, the leader is nothing without their supporting cast.
        Beans influenced Jay-Z and kept him on his toes. If Memphis Bleek was the only rapper on the Roc you think Jay would have been spitting like that?!

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  • Rapist on BAIL

    Lmao awesome, glad he’s finished!

  • water_ur_seeds

    daum, can he live? he needs to catch a break…

  • TALK_BOSS

    Damn dame…..we got more in common than I thought smh

  • Damn calls getting Tax bill “Bitter!”

  • Matt Swan

    And another one bites the dust….and another one gone and another one gone….another one bites the dust. Hey IRS gonna get you too….another one bites the dust….

  • NEWSKULL

    I thought he was the kind to STAY a multi-millionaire … I guess I was wrong… how do you go from having $30 millions cash (rocawear sold) back in 2007 to owing the IRS now?…

    • Two_guns_Billy

      Because he was still flossing without generating any new cash flow…You gotta cut back when you dont have money coming in…

  • brotha_man

    the sad tale of a brother who had it all. “All that flossing gonna catch up”

    • Two_guns_Billy

      yeah I remember seeing this nigga on mtv saying he never wear shit twice and throw it away afterwards…

  • $18916246

    Damn Dame….I guess it’s time sell Jay-Z the rights to “REASONABLE DOUBT”. An “ACE IN A HOLE” when things are out of control.

  • Terrance Goodman

    Too much Sam rothstein

    • dexter

      exactly!

  • TimeWillTellu1

    I cant imagine going back after living luxury all these years. Many Many Many years of therapy if he can afford it dam i would go coo coo To the wheels fall off

    • johnblacksad

      nah, i was up 3 millz at my max… can’t leave that life no more tho, so now i’m just chillin… i only like to bring it up to irritate n!ggaz… now i’m cool, i ain’t go coo coo… i ain’t flat broke, still sittin on about a third of it in assets… some may think it’s beaucoup, but really it’s just enough to not be hurtin, to be happy and talk sh!t on the internet… nothing to ball out like these rappers be wanting to have us believe when they don’t even have a full mill.

      There’s a huge difference between hittin a 3 mill lick and getting even if it’s just 100k on a much more regular basis

      Yeah, i would do it differently this time around… but you know what they say about spoiled milk… could have done better but i see cases out there that make me feel like i ain’t do too bad after all.

      DMX made more money than i will prolly ever see in my life… but right now, i’m sure he would take a $100 bill if i gave it to him…

  • Michael J. Davis

    he is not regular person broke, he is Donald Trump broke. its a huge difference.

    • dexter

      aw naw naw naw that ni@@a broke.

      • thisnigga

        point Tre’s trying to make is he may be broke in terms of his personal finances but because his Companies generate capital(which the gov’t cant go after i might add, pretty sure Dame was smart enough to INC) hes able maintain his “lifestyle”….whateva that is at this time.

      • dexter

        ok solid point… but what businesses? & even still people have bizznesses & still be broke. the bizzness has to have some level of value. it has to. negative or positive. & if u keep spending & not generating thats the recipe for “broke”. but we just blogging time will tell. but u neva thought Laurn Hill would be broke… they put that money 2gether & helped her like they did Wesley Snipes they being other people with money. Money is only good if u have it. If u do not than u broke.

      • Celz

        Ya company doesn’t matter when you locked.. Is a Lexus/ Acura/ Caddy really that much nicer than a Toyota/Honda/ Chevy? Does Cristal really taste that much better than Stella Rosa? Niccas is more slaves because they free.. Self discipline is a mutha..

    • Tre C

      Donald Trump ain’t behind on his rent by more than $100K.

      • dexter

        rite.

      • brotha_man

        this brotha broke it happens

      • dexter

        pretty freakn much! now if anything we need ask ourselves given the same circumstances would we succumb to the some out come as his…

    • siddiq ja’far

      true he still owns reasonable doubt, a list of rocafella records & managed n umerous artist that he get something from. This is pressure to have him liquidate his masters. I wouldnt be surprised if he turns up deceased

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  • dexter

    Grandmom (God rest her soul) always said a fool & his money will soon part… case & point! this was an easy one…NEXT!(respectively)

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  • Dead wrong

    His only impediment now is his pride. I bet he can afford a 2k per month apartment right now. Time to go bankrupt so that the IRS and child support are your only major bills. I know Dame wasn’t likeable but I hate seeing any black man go through something like this. He’s like a Cavs player after Lebron left… He didn’t quite understand how much weight the Mvp was pulling till he was gone. Smh

  • @Real_SirJamie

    He’s So LOST!

  • Negro Peligro

    Its better for him to just go Broke. Bankruptcy isn’t what it used to be. Its really government ordered debt consilidation. Bankruptcy is like student loan with the debt consolidation. Thanks BUSH. BLOOD ON THE LEAVES. How the child get 4,000 and the mom get 21,000. He still has a name that get attached to a brand of some kind. He needs to do a reality show like big brother or survivor. So that way he can hide from the POLEASE. But for real 5 years from now Dame won’t be managing customer service. Lesson to be learned though. If you are employed by someone don’t get the big head. Stay making that person money.

    • Tony G.

      How are u gonna hide from them on TV every wk..doesn’t make sense

  • Negro Peligro

    DAME DASH INCENSE
    DAME DASH SPICE
    DAME DASH RUNNING SHOES
    DAME DASH DASH BOARD CLEANERS
    DAME DASH DOESS DALLAS
    DAME DASH DASH CAM (FOR THE IRS)
    DAME DASH DASHING SUITS
    DAME DASH DIAPER RASH CREAM
    DAME DASH GOT THEM STACEY DASH PHOTOS
    DAME DASH DASH OF TAXES HR BLOCK FOR THE BLOCK.
    Its work out here for the DAME DASH NAME.

  • Harrison Boateng

    Jay please take Dame back , he ate good with u I know but he’s hurtin in these streets

  • if i was dame….id get 1 bodyguard thats affordable with some hi tech surveillance and move to the south and find me a house for cheap in a nice suburb and STAY PUT and live average….or is he even doing that much?

  • єиσ¢н ℓєνι ☪

    He’s rich broke He still owns some big records.. Residual Income baby

    • dexter

      we will see

  • siddiq ja’far

    they aint letting up on him, go ahead a sit for awhile, atleast you wont have to pay all that bread back.

  • WillVetterGoodin

    Yeah, he wishes he was still f*kin w hov money. He aint gonna have nothin left…cause he dont PAY HIS TAXES. SMMFH.

  • WillVetterGoodin

    (In my Dave Chapelle voice) HE DONE SON!

    • Harriet J. Hernandez

      just as Ethel implied I’m impressed that someone able to make $4172 in four weeks on the computer. did you look at this link w­w­w.C­a­n9­9.c­o­m

    • dexter

      LMAO!!!!!!!! U STUPID! I rite heard Chapelle in my head to! lol

  • junj03

    Jay-z Owns his masters so, what source of income dame has?

  • Negro Peligro

    How you paying rent when you made millions.

    • dexter

      Its calld being Ni@@a rich… some y’all noe what Im talkn bout.

  • Negro Peligro

    I just looked it up dude had 50 million dollar networth at 1 time.

    • I WILL BITE YOU!!

      it takes a lot of skill to blow through all that money and be broke.. damn..

  • I WILL BITE YOU!!

    Damon Dash fell off harder than Ace Hood’s bezel…

    • johnblacksad

      damn

    • OaklandOxymoron

      Lmao damn

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  • johnblacksad

    “I hear n!ggaz sayin they made Hov, made Hov say ok,
    so make another Hov, n!ggas wasn’t playin their day role
    so we parted ways like Ben & J.Lo”
    -Lost one

    • dexter

      where the hell u been man! lol. & Ben & J.lo aint 2gether!!!!!!? SIKE! naw just playn.
      But real shit see what peeps fail to realize is why a Ni@@a like Jay keep going hard?
      He do not want this 2b his story. Smart man for that!

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  • Golgo 13

    kinda weird seein that video of him listening 2 jay z album then this come out about him owing taxes

    • dexter

      its a set up for his next move which i am thinkn the same as u r. Like JAy care if he listen r not?

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