Damon Dash Admits To Being Broke, Owing The IRS More Than $2 Million "I'm F***ed Up" [Video]

 

Video After The Jump

Damon Dash is really going through tough times right now. The former Roc-A-Fella Records co-founder made no attempts to hide his money problems in a recent interview on Shade 45's 'Sway in the Morning.'

"I owe way more than $2 million in taxes. That must've just been the IRS," Dash said, responding to a question about his finances. "Nah, nah, I'm f*cked up. If I say I owe $2 million to the government and I got it -- they're coming to get it. I aint got it."

People may wonder how a man that at one point was raking in millions of dollars ended up owing more that $200 million to the IRS and other creditorsDame says it's the price of doing business.

"It's the price of business man... it is what it is," he said "I owe taxes I gotta pay. "They're auditing me -- when you're a businessman and you own a lot of businesses. A lot of the time they think you're laundering money, or you're pretending you're writing things off that you don't. But I'm a true businessman and I believe in my independence, I have no partners. So every dollar I make goes right back into every business I have."

 

 


 


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Comment by Mike on August 10, 2011 at 10:59pm
Sway...what is DD doing in the music industry now after being dropped like a bad habit that is relevant enough for him to be interviewed by you?

Running out of guest over there?
Comment by Young on August 10, 2011 at 6:22pm
pham i feel bad because the majority of ALL OF US (BLACK) OWE! Whether you fall behind on child support, not filing taxes from being lazy, school or bank loans we are the deficit. The bad part no matter how much you intend to pay partial or whatever you debt collects no stop interest. So with a 2mill debt (and america's debt is like 142mill) intending to pay monthly still won't knock off the small percentage that the gov keeps adding on to it. ex. hospital emergency bill $100 then 4months later in the mail you open it and it jumps to 175 or 200. Can you file for bankruptcy to void what you owe the irs? that's the question.
Comment by FTW43 on August 10, 2011 at 5:59pm
woooooow thats some s***,but idont feel bad for this n**** one bit look at over the years as to how much money this n**** been makin,an you dont pay your taxes, n**** you dumb.
Comment by MAVERICK on August 10, 2011 at 5:03pm
http://bln.kr/1C1N~/
Comment by MAVERICK on August 10, 2011 at 5:03pm
daaaaaaam thats f***** up yo! price you pay when dealin wit uncle samuel eh? smh we all know he aint broke broke tho he still got more money than me so to me he still rich lol
Comment by BlackEskimo on August 10, 2011 at 7:04am
Damon Dash will always have money. Just on the albums he had a part of he'll receive quarterly checks. It might not be million dollar checks but he'll live a nice life. Knowing this dude he probably has money hidden that's why the government is auditing him.
Comment by Sharice J on August 10, 2011 at 2:38am
He aint flat broke but he aint ballin'
Comment by Christophe on August 9, 2011 at 11:28pm
they say ; what goes up must come down....
Comment by 1THUG aka Tha NYCHA LEGEND!! on August 9, 2011 at 9:30pm
diss what happen when you DONT join tha illuminotty!!
"Lemme show you how ya million dollaz advance is worth NUTHIN!...right off tha back tax HALF" -- dane dash
Comment by StretchDollaz on August 9, 2011 at 8:42pm
Dame finnally got a f****** slice of humble pie. When he was punking young Playaz in the game and thought he was king kong the fool gets what he deserves which is the feds honey stuck on his sack hair. I aint a fan of this fool and he taught me a lesson in becoming a smart business man but also a civil person. You reap what you sow Mark!



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