Follow Us: Google+
 
Bankrate.com

Advertisement
taxes

Rich, famous and tussling with the taxman

Taxes » Tax Law » Rich, Famous And Tussling With The Taxman

Mary J. Blige
Mary J. Blige © s_bukley/Shutterstock.com

The star: The multi-platinum-selling, multi-Grammy-and-Golden-Globe-winning singer-songwriter-actress-producer from the Bronx never met a hyphen she couldn't conquer.

Amount owed: $901,770

What happened: What's the 411? Call it a slow-moving train wreck. According to TMZ, the 42-year-old hit-maker was hit in February with a $901,770 tax lien by the State of New Jersey, just days after she was sued by Bank of America for allegedly defaulting on a $500,000 bank loan. All this came just weeks after she and husband Martin Isaacs were sued by another bank for failing to pay off a $2.2 million loan. To make matters worse, a third bank is suing Blige's Foundation for the Advancement of Women Now charity for allegedly mishandling a $250,000 loan. The singer was even recently dunned for back rent by her New York landlord. Hey, who's up for a group sing of "No More Drama”?

The outcome: Lady Hyphenate is on the case. Last May, Blige told TMZ that it was her bad for not hiring good people to look after her finances. "This should have never been allowed to happen, but it did, and now we are fixing it," she says.

advertisement

Show Bankrate's community sharing policy
            Connect with us
Overnight Averages
Product Rate +/- Last week
30 yr fixed
4.01%
4.04%
15 yr fixed
3.11%
3.18%
5/1 ARM
2.82%
2.88%
View rates in your area:
Product Rate +/- Last week
30K Home Equity Loan
6.10%
6.08%
50K HELOC
4.75%
4.71%
30K HELOC
5.21%
5.21%
View rates in your area:
Product Rate +/- Last week
48 Mo New Car
2.58%
2.58%
48 Mo Used Car
2.70%
2.70%
36 Mo Used Car
2.76%
2.76%
View rates in your area:
Product Yield +/- Last week
6 Mo CD
0.41%
0.41%
1 Yr CD
0.62%
0.62%
5 Yr CD
1.23%
1.23%
Compare rates:
Product Rate
Low Interest Cards 10.93%
Balance Transfer Cards 16.00%
All Variable 15.25%
Compare rates:  
advertisement
Most Read
  1. No more Social Security at 62?
  2. What TV homes cost in real life
  3. Bruce Willis' house for sale
  4. 5 frugal ways to expand living space
  5. What it takes to remodel kitchen
  6. Naughty things credit card won't buy
  7. Danny Bonaduce's house for rent
  8. 12 'meanest' cars for the environment
  9. 10 ways to turn off a homebuyer
  10. Top 10 states for foreclosure
Looking for FREE tax advice?
From Federal and State tax law changes, to rates and tools, our expert advice will help you stay informed.
advertisement
As the economy slowly improves, states are beginning to dig out of their recession-level fiscal holes.
Partner Center
advertisement

Advertising Disclosure: Bankrate.com is an independent, advertising-supported comparison service. Bankrate may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website.