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Ja Rule Sentenced To 28 Months In Prison For Tax Evasion

07/18/2011 11:43 am 1 comment

Source: CNN

Rapper Jeffrey Atkins, also known as Ja Rule, was sentenced Monday to 28 months in prison for failing to file tax returns with the IRS after admitting that he did not pay his taxes for five years, the Justice Department said in a news release Monday.

The 35-year-old performer from Saddle River, New Jersey, had pleaded guilty to three of five counts before U.S. Magistrate Judge Patty Shwartz, who imposed the sentence in Newark federal court.

From 2004 through 2008, Atkins received royalties from ASJA Inc. and performance income from Rule Tours Inc., but failed to pay the government $1,137,912, the release said. Though he pleaded guilty only to charges related to the first three years, he has agreed to pay back taxes and penalties for all five, it said.

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http://www.tax-heaven.net/ James

One of the largest responsibilities of self employed people is paying both private revenue taxes and self-employment tax. The self employed must pick up the bit of FICA ( Social Security and Medicare tax ) that companies cover for workers. In return, a reduction partly softens the blow. Self employed people find that yearly tax costs can simply total at least twenty p.c of their revenue — and occasionally seriously more.

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