Jay-Z‘s former business partner Damon Dash has just been slapped with a $2.8 MILLION TAX BILL.
Dash, who co-founded Roc-A-Fella Records and Rocawear with Hova, hasn’t denied that he’s drowning in debt. It seems like just yesterday Dame was the money-making machine at the Roc.
Now, his financial problems have worsened. Dash has just been hit with a federal tax lien, claiming he needs to pay up some un-paid tax money for the years 2005 and 2011. The breakdown:
Grand total: $2,802,262.30
The 2005 bill is clearly larger which makes sense considering Hov and Dash parted ways back in 2004 — meaning in 2005, he was probably still raking in some major-taxable bucks. 2011 not so much.
FYI — Dash has said he owes millions in back taxes to the State of NY and NJ and claims he’s lost multiple properties to foreclosure.
Jay-Z recently released his newest album Magna Carta Holy Grail to critical acclaim and is one of the richest men in the music industry.
Dame recently posted a Vine of him listening to the album in the Lower East Side barbershop “Well Connected” and nodding his head. The caption of the post reads: “In the barber shop listening to jays new album….I can’t front… I still like hearing him pop shit cause I know he’s telling the truth…proud to be be a part of that..#bittersweet.”