Just in time for Spring, New Yorkers are getting a much-needed tax break. As of April 1st, we’ll no longer have to pay the four percent state portion of the sales tax on clothing and footwear purchases up to $110 per item. This will save consumers an estimated $210 million over the year. It’s the latest tax break for New Yorkers, and consistent with Governor Cuomo’s efforts to restore fairness to our state’s tax code. Just last December,... 

Lil Kim is going to the tax lien Hall of Fame — because the Queen Bee has run her bill with Uncle Sam into the seven figures … TMZ has learned. Lil Kim’s tax problems are well-documented and go back nearly 10 years. According to documents filed with the L.A. Recorder’s Office, Kim owes money every year from 2002-2009. The 2009 amount, $86347.85, was just recently tacked on — bringing her total $1,026,862.42.  Read More →

Looks like today has been a rough day for some of the YMCMB camp members. Not only has Cory Gunz been arrested but Bow Wow is in trouble with the IRS, again. He has been hit with another tax lien. Bow owes back taxes from 2006, 2008, and 2010 totaling $126,086.14 Bow Wow needs to hire himself a new accountant — because not only does he have a tax lien against him for unpaid taxes from 2006 … but now it turns out he owes back taxes from 2008... 

Bill Gates joined his friend and fellow billionaire Warren Buffett in showing his support for President Barack Obama’s proposed increase on taxes for America’s über-wealthy. Mr Gates, who is worth an estimated $59billion, said that he agreed that drastic fiscal measures are taken to help the country recover from its crippling deficit. ‘The United States has a huge budget deficit so taxes are going to have to go up,’ he said in an interview... 

Hammer time! Looks like MC Hammer is facing financial troubles once again! The U.S. government claims he owes $779,585 in back taxes and has now filed a lawsuit against the rapper and his wife to recoup its losses. According to the docs, obtained by TMZ, the back taxes are from Hammer’s most financially troubled years — 1996 and 1997 — and Uncle Sam wants the money back stat, demanding any concert earnings Hammer makes be automatically redirected...