Monday, 17 September 2012

after tax and credit cards, there's no money left to live on

We're not the only folks who seem to find it hard to make ends meet, even some music stars have difficulty paying their income tax and credit card bills.

Sean Garrett - Producer Sean Garrett Sued Over Credit Card Debt

17 September 2012 01:31
Sean Garrett

Producer Sean Garrett Sued Over Credit Card Debt

Hip-hop hitmaker Sean Garrett has been hit with a lawsuit from credit card bosses at American Express over allegations of unpaid bills.
The producer, who has scored hits with artists like Usher, Beyonce and Nicki Minaj, has reportedly racked up debts of more than $108,000 (£67,500) - even though he was only given a credit limit of $55,000 (£34,375), according to Tmz.com.
Garrett has yet to comment on the lawsuit but it's not the first time he has encountered financial difficulty - earlier this year (12), it emerged the musician owed more than $730,000 (£456,250) in unpaid taxes from profits made in 2006 and 2007. Court officials in Georgia subsequently ruled his future earnings from Broadcast Music International (Bmi), the body which collects royalties for artists, would be paid straight to America's Internal Revenue Service (Irs) officials until his invoice was paid off.

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