Lil Wayne owes over $5.6 million in unpaid taxes.
I want to bank a cool $50 million at least. At the end of this year, I want to be able to say that I banked $50 million. Not generated $50 million, but actually banked $50 million.
The 'A Milli' rapper has been hit with a federal tax lien from the Inland Revenue Service, who claim he has an unpaid income-tax balance of $3,351,078 for 2008 and $2,258,956 for 2009.
According to The Detroit News, the IRS lien, dated March 2 but made official on March 28, was filed in Miami Dade County and listed his main address as his home in Miami Beach, Florida, which is currently on the market for just under $13 million.
This is not the first time Wayne - real name Dwayne M. Carter - has been in trouble for unpaid taxes.
Last year, he was given a lien by the IRS for $1.1 million, relating to income tax years 2004, 2005 and 2007.
However, it seems paying the bill may not be a problem for Wayne as he recently revealed he aims to make $50 million in 2011.
The hitmaker is set to release his long awaited 'Tha Carter IV' album this year is hoping to reach his huge target after tax has been deducted.
He said: "I want to bank a cool $50 million at least. At the end of this year, I want to be able to say that I banked $50 million. Not generated $50 million, but actually banked $50 million."
Although there are no recorded figures of Lil Wayne's net worth, it is believed to be between $50 and $100 million, while his Cash Money record company boss, Bryan 'Birdman' Williams, was recently named the joint fourth richest person in hip-hop, with a net worth of around $100 million by Forbes magazine.
Tagged in Lil' Wayne