THA INDUSTRY CHAT ROOM

Monday, January 9, 2012

JD SQUARES UP HIS DEBT FOR BACK TAXES

Jermaine Dupri is tax debt free after he recently paid off a giant lien ... but it cost him nearly TWICE AS MUCH as it should have. According to docs filed recently in Georgia, Dupri owed $493,818.75 in back taxes he failed to pay for the year 2007. But get this ... the principal was only $254,782.64. Here's what the state tacked on:Interest -- $91,721.75Penalty -- $64,969.57Collection fee -- $82,294.79Costs -- $50 (why bother?)The lesson here ... PAY YOUR TAXES ON TIME!

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