Fat Joe Says He’s Guilty Of Tax Evasion
Rapper Fat Joe has pleaded guilty to tax evasion, according to The Associated Press. As a result of his crimes, he could face up to two years in prison.
Joseph “Fat Joe” Cartagena is more than a little behind on his taxes. Reports indicate the rapper owes around $718,000 to the United States government. This tends to happen when you don’t pay your taxes for over two years.
According to the New York Post, Fat Joe earned around $1.3 million from concerts and music sales in 2007. This number jumped to around $1.4 million the following year. Unfortunately for the rapper, his failure to file income tax returns with the federal government might send him to prison for a while.
In addition to paying the monies he owes Uncle Sam, the musician is facing a fine of up to $200,000. All of this is in addition to the penalties the Internal Revenue Service may throw at the rapper.
Fat Joe was released after forking over $250,000 for bail.
The Miami Herald explains that Cartagena said he clearly understood the charges against him. The rapper’s lawyer said Fat Joe had “already taken steps to resolve this situation.” In fact, he hopes to have everything paid back in full before sentencing next year.
The plea was reportedly entered in New Jersey since Cartagena has a number of companies incorporated in the state.
Earlier this month, the feud between Fat Joe and fellow rapper 50 cent reached a turning point when the Curtis Jackson said he was interested in putting their problems aside.
“Joe never did anything to me. I never actually physically did anything to Joe. It’s really hip-hop — this music and people being competitive — and over time, you forget what the actual source of the situation is,” 50 Cent recently told Billboard.
What do you think about Fat Joe pleading guilty to tax evasion?
Tags : fat joe, internal revenue service, IRS, joseph cartagena, tax evasion
Posted: December 20, 2012
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Dec 20, 2012
Fat Joe got a big fat tax bill.
Dec 20, 2012
I thought Fat Joe was dead for years. Who am I thinking of then? You can seriously put a leash around this guys neck and he'd look like some kind of dog breed. Bull dog?
Dec 20, 2012
its ridiculous on how u earn all your money and then have to give a majority of it back…MODERN DAY SLAVERY! if I work for it I shouldn't have to give the government sh*T!
Dec 20, 2012
BUt fat joe deserved it….. Karma for Big pun B*tch!!!!
Dec 20, 2012
Three quarters of Obamas staff owe taxes! Why hasn't the government gone after them?
Dec 20, 2012
fat joe needs a better accountant.
Dec 21, 2012
Big Pun
Dec 21, 2012
Yes, because I remember reading about old slaves riding around in Bentleys and sailing yachts while drinking champagne.
Dec 21, 2012
Fifty you a litlle bich like that like bunny, fuck Jose, take you 2 fools for suckers, 5.0 buned down 3 wokrig cribs knocked down 5 doors on working cribs over 90 hard niggers need bail by the weekend, comig to hollar, brase yourselves! EDWARD TSUCKERMAN New Jerey!
Dec 21, 2012
Fifty you a lilttle bitch like bunny, fuck jose, all soft and warm fuck you niggers, 5.0 burned down 3 hot working cribs, knocked the door down on 5 nice working cribs, over 90 hard niggers need bail by the weekend, man fuck that we comming to see you, hollar, brace yourselves!
Dec 21, 2012
Fat joe should be arrested for being a fuckin stupid ass rapper
Dec 21, 2012
His people don't pay taxes they just pull up the pants and, do the Roc-away.
Dec 21, 2012
Fat Joe, Your pockets rally are not that Fat that you could not keep up on your taxes.. Love that Intro you did in 04…
Dec 21, 2012
Nope. If you had a job, you would know about state and federal tax. Which is around 30% these days. Fat Joe is just another ignorant rapper who doesn't know shit. I find it funny edejesus11204, That statement alone, makes EVERYONE realize you don't have a real job. when your a big boy… let the internet know… omg I mean… let the working people know! Other than that keep collecting.
Dec 21, 2012
I thought he died of a heart attack about 2 years ago.
Dec 21, 2012
that's messed up how tax payers have to spend so much $ in taxes so the lazy people who don't work can have $ to spend and for the american govt to spend on foreign aid & affairs to people who never PAID any type of taxes to our country.
Dec 21, 2012
Then don't drive on public streets, send your kids to private school, and we'll tell the Chinese you're house is a sovereign state they are welcome to attack you at anytime.
Dec 21, 2012
u maybe thinking of Heavy D who passed away….
Dec 21, 2012
if he's taking the steps I can let it go. dumb, though.
Dec 21, 2012
His people? What does that mean Tim Ford? Are you stereotyping? For a educated person, you sound very IGNORANT!
Dec 21, 2012
What is this post really about? What the hell does your post have to do with the article? NOTHING! But then again, you live in MICHIGAN. LOL!
Dec 21, 2012
His people = accountants. Sheesh. Why are you so sensitive? His people = entourage also. Now, here an ignorant comment for you : stop being a tight ass.
Dec 21, 2012
I don't feel sorry for him at all. Pay your taxes and hire the right people. Fire your financial manager and get new ones. He was probably told to ignore those two years and pay it later. That happens quite often but it's unadvised.
Dec 21, 2012
thought you were talking about Joe Arpio.
Dec 21, 2012
YOU PEOPLE?! WHAT DO YOU MEAN YOU PEOPLE!? hahaha, Gwen u need to relax.
Dec 21, 2012
bye bye fatso.
Dec 21, 2012
Gwen Kirksey Are you… Retarded? Obviously, you didn't get the joke… You know, the song…?
Dec 21, 2012
Gwen Kirksey You're a special kind of stupid, aren't you? What's with all the hatred??
Dec 21, 2012
You're like… 13…
Dec 21, 2012
He didn't pay his taxes? Who does Fat Joe think he is, Mitt Romney or something. LOL
Dec 21, 2012
Gwen is a retard….
Dec 21, 2012
" You got people" is a slogan that H&R Block (Income Tax Firm) uses. In the entertainment business "His/My people" means, accountants, layers, publicist, that also includes his entourage… Only ignorance here is you being ignet…
Dec 21, 2012
AND LEAN BACK LEAN BACK
Dec 21, 2012
see and its crazy how these rappers claim they rich and get money in shyt buying stupid shyt cars jewelry adn stuntin and they really don't have money at all they look stupid when news comes up about them owing tax money. I don't get it.
Dec 22, 2012
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May 6, 2013
Joe is also a drug dealer smh boggles my mind