Uncle Sam doesn't forget or forgive. MC Hammer is finding that out the hard way.
Hammer, real name Stanley Burrell, is in deep debt with the U.S. government to the tune of $779,585 according to TMZ. The government has filed a lawsuit against the rapper in an attempt to collect the debt.
Hammer sold more than 50 million records worldwide, mainly during the height of his success in the early 90's. The rapper accumulated massive wealth. He reportedly made, then blew as much as $30 million dollars due to bad investments and a $12 million dollar crib he had built for himself. After falling $13 million dollars in debt, Hammer filed for bankruptcy in 1996.
The government says the rapper owes unpaid taxes for the years 1996 and 1997. They are demanding any money he makes from concert appearances go straight to them until the debt is satisfied. Given that Hammer is not exactly a hot name in the streets right now, you would be right to assume it is going to take quite a while for him to repay his debt.
Follow Me
 |
 |
 |
 |
Comment
Comment by Smoove82 on December 13, 2011 at 8:15pm 
Comment by AVITY on December 13, 2011 at 11:35am 
Comment by Omega RED on December 13, 2011 at 10:26am @bigreed cosign!
Comment by KEIZER SOZE on December 13, 2011 at 10:25am VANILLA ICE still has MILLIONS I think (lol)
Comment by Trinity Daniels on December 13, 2011 at 7:58am #UpAllNight @FollowTrinity
Download on iTunes: http://itunes.apple.com/ca/album/up-all-night/id480330633?i=480330634
Comment by Serious on December 13, 2011 at 6:50am lol@HIS EVIL HOMOSEXUAL COALITION
Comment by BUTTAFLY JONEZ on December 13, 2011 at 6:28am Oh no Hammer! Not again!
Peep Game! at www.peepgame.net (Don't hate the player, learn the Game!)
Comment by Frank White on December 13, 2011 at 6:25am JAY-Z AND HIS ILLUMINATTI BOYS HATIN AGAIN. F*** GAY-Z AND HIS EVIL HOMOSEXUAL COALITION.
Comment by Mike Belts on December 13, 2011 at 4:02am MC HAMMER, you gotta hold it down for the NORTHWEST!!! NORTHWEST MUSIC YALL
Comment by Corey thompkins on December 13, 2011 at 12:23am hammer, dont hurt him!
jhdgdx commented on jhdgdx's album
jhdgdx commented on jhdgdx's albumjhdgdx commented on jhdgdx's albumjhdgdx commented on jhdgdx's albumMazx Xzcx commented on Mazx Xzcx's photo
Mazx Xzcx commented on Mazx Xzcx's photo
Dsmith commented on ChasinDatPaper's blog post Kanye West - Yeezus [Album Cover]Mazx Xzcx commented on Mazx Xzcx's photo
© 2013 Created by 50 Cent.
![Kidd Kidd - The Weak And The Strong - Produced By Falling Down [Listen/Download] -TI50](http://api.ning.com/files/KBrEfAoS3SGRyiBvnAgJjDM7Dgb5JmI6lOCJho3HWgAv-pePPXJe9-uN4Vp9IsqWAwL6yCrg7H88GNeiw8uihw__/thisis50resized.png?width=32&height=32&crop=1%3A1){kind=small}
You need to be a member of ThisIs50.com to add comments!
Join ThisIs50.com