Hip-Hop Artists Hit Hard by the Recession
(Rolling Out) — The recession continues to affect millions of Americans in every income bracket. In 2010, several notable hip-hop artists were hit hard by the recession. Platinum-selling rap artist Trick Daddy is the latest hip-hop star to experience financial difficulties. According to reports, Trick Daddy owes the IRS over $157,000 in back taxes. In May, Trick Daddy’s $320,000 home, which was featured on an episode of MTV’s Cribs, was foreclosed on and sold in October. Along with Trick Daddy, Lil Scrappy and Diamond also faced financial woes this year. A home that Lil Scrappy bought in 2004 for $182,000 was foreclosed on in August and now has a value of $123,000.
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