|Dionne Warwick's money woes are an issue today! Warwick, famous singer and actress files for bankruptcy.|
Sometime ago, Dionne Warwick was telling the public that our youth couldn't spell because of rappers like Snoop Doggy Dogg. Back in the 1990s at the peak of gangster rap, many Black leaders and White conservatives were throwing their crap to the wall hoping it would stick.
She joined C. Delores Tucker, Brent Bozell and Joe Lieberman in stomping on the music CDs of Snoop Dogg and Tupac Shakur.
Yeah, I remember she was part of the Psychic Friends Network. She was selling the hustle of predicting the future.
Yeah, I also remember that she was busted in Hawaii with a little of the sticky icky.
Now I can remember that the famous singer is now broke, literally. And she couldn't predict this demise?
The cousin of Whitney Houston is now sitting on the verge of being out of money. The famous singer has made an appearance in U.S. Bankruptcy court to file for backruptcy. She owing over $10 million in taxes.
Warwick has been spending like a queen and not putting it on paper.
The Raw Story reports that her problems are due to the reported mismanagement of her business affairs, she lists liabilities that include nearly $7 million owed to the Internal Revenue Service for the years 1991 to 1999 and more than $3 million in business taxes owed to the state of California. Unable to work out an agreement with tax officials, she and her attorney decided that declaring bankruptcy would be the best course of action.
Warwick lives off of her performance income, which varies from month to month, and a monthly $14,000 pension from the Screen Actors Guild, said her attorney, Daniel M. Stolz. She also receives $1,000 in royalties a month, according to the petition.
Stolz said Warwick paid more than $1 million toward back taxes she owes, but because of interest and penalties, her tax liability "continued to mushroom."
"It was a small liability in the 90's but it kept growing and growing," he said.
Stolz said Warwick tried to work out payment plans to the Internal Revenue Service and the California Franchise Tax Board for taxes owed. The plans, he said, were rejected.
"She really had no choice," than to file for bankruptcy, Stolz said.
"Ms. Warwick is a very proud woman and was reluctant to file."
Warwick, the aunt of vocalist Cissy Houston and cousin of the late Whitney Houston, comes from a long line of singers. A graduate of East Orange High School, Warwick got her start in gospel and released her first single, "Don't Make Me Over" in 1962.
|Legendary rapper, Snoop Dogg goes to the reggae outlet for his next album. He transitions to Snoop Lion.|
Now I know we here at Journal de la Reyna hope the best for her! It's pretty clear, that for all the years of grandstanding and attacking others for reckless behavior, it's no surprise she would be in the spotlight.
I mean she attacked Snoop Dogg for smoking weed, yet she smokes it too.
She blames hip-hop music for being Black America's downfall, but she does things that give White conservatives a reason to see Blacks as a part of the downfall.
This adds to the list of Black entertainers who owe taxes. By the way, Snoop Dogg (known for now as Snoop Lion) also owes the tax man for some unclaimed funds.