Dame Dash Admits To $3 Million Tax Debt, "I'm Fawked Up" [Video]
Dame Dash Admits To Tax Woes
Reports recently came to light that Dame Dash owes $3 Million to the IRS and Dame admitted to the faux pas (to put it in light terms) in a recent interview on Sway Calloway’s radio show on Shade 45.
“I owe way more than $2 million in taxes,” said Dame. “That must’ve just been the IRS,” said Dash, laughing. “Nah, nah, I’m Fawked up.”
Dame continued, “They’re auditing me. When you’re a business man, you have a lot of businesses, a lot of times they think you’re laundering money or you’re pretending you’re writing things off that you don’t. I’m a true businessman. As you know, I believe in my independence, I have no partners, so every dollar I make goes right back into every business I have.”
Dash also goes on to explain that an accountant holds a heavy responsibility within the business to properly report where expenses are going.
“If I have an accountant that just reports I just invested $10 million in my business and he doesn’t exactly itemize where every cost goes, it gives a flag to the government. They want to make sure that the reason I’m not paying taxes is because I’m reinvesting in these businesses and not trying to hide stuff.”