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 creditors. Dame 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."