Hip-Hop, News

Young Thug Hit With $176K Tax Debt Amidst Reports He Is Hospitalized

Young Thug music

Atlanta rapper, Young Thug, made headlines this week when it was reported by The Blast that he owes the State of Georgia nearly $176,000 in taxes according to court documents the obtained.

According to Thugger’s financial history, the original debt owed was a mere $16,451.27, which was a tax lien imposed by the state for failure to pay his taxes in the year 2014. Now due to non-payment yet again, a colossal amount of interest, penalties and collection costs were accumulated causing the rapper’s total new debt to be $175,988.89.

Young Thug has received official notice to pay, and it is being reported that the Georgia Department of Revenue is threatening to seize the rapper’s property and assets if the payment is still not made. The finances show that Thugger has been evading his taxes for several years.

It leads one to wonder why entertainers are often on the hook for not paying their state taxes but find it so easy to satisfy other creditors for recreation or luxury. Young Thug recently won a $365,000 legal battle against an Atlanta-based jewelry company. The company sued the rapper for allegedly failing to pay off several pieces amounting to a balance of $155,090. The original tab was $200,000, which means Thugger forked over $95,000 on his ice.

The rapper who is currently in hospital recovering from a surgery for which the details are undisclosed is also promoting his new LP that features other rappers like Future, Gunna, Lil Baby, J. Cole, Juice Wrld and more. The 19-track album debuted at number one on the Billboard 200 chart. It’s great that Young Thug is still doing well musically. Let’s hope that the rapper promptly takes care of his health and legal woes as well.

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