Rappers Seek Tax Deduction For Making It Rain In The Club!!
So apparently rappers are rallying for deductions after a year of blwoing thousands and thousands and thousands of dollars on strippers in night spots all over the country. Just the other day Drake dropped 50,000 in one night at a club, making it rain!
It may sound a little ridiculous to some but it may actually be a legitimate deduction. HipHopWired reports the following:
Rapper Jim Jones is figuring out how to deal with Uncle Sam next month, and he’s considering deducting expenses on his income tax for making it rain. Well guess what, in theory he might have a fighting chance of winning.
Jones is not alone. Bizzy Bone tells TMZ, “I’m giving charity to females who need their light bills paid. So, of course, that’s a write-off. You write off your kids, don’t you?”
The Game tells TMZ … making it rain “is good for business and promotion that comes with the lifestyle of a rapper. They bump our music in a strip club, so me giving the girls a little bit of change to shake their A$$ — that comes with the business. Everybody wins.”
Daz Dillinger tells us, “Hell yeah. I’m going to see about getting my taxes fixed as soon as possible.”
And Lil’ Flip tells TMZ he’s actually done it … deducted making-it-rain expenses from his taxes.
After doing some additional research, it appears that these artists will only be able to legitimately write off business expenses that directly correlate with night clubs. Things like album release parties and shows would be an example. The can decide to throw a certain amount of money at the crowd and write off every penny!! #smartAF