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Pedal To The Metal - Drive. Play. Enjoy the Ride. » News » December 2010 » Xzibit no longer enjoying a pimped lifestyle

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Xzibit no longer enjoying a pimped lifestyle

Posted by: TimothyT on: 12/30/2010 04:32 PM in [ Print ]

Former "Pimp My Ride" host Xzibit, a double-threat Detroit-born rapper/actor, owes more than $959,523 in delinquent federal taxes, according to public records.

A lien filed last month is the fourth tax problem in recent years for Xzibit, real name Alvin Joiner, who had a cameo as a lunch-line linguist in Eminem's "8 Mile."


Quote from the article:
Xzibit traced the roots of his financial problems to the cancellation of his MTV show and the imminent foreclosure of his Woodland Hills, Calif., home in July 2009, according to U.S. Bankruptcy Court records.

He's filed bankruptcy twice since 2009, but both filings were dismissed for various reasons. On July 29, 2009, he listed assets totaling $739,433 -- mostly homes in California and New Mexico -- and more than $1.4 million in liabilities, according to court records.



Hard to feel sorry for him. Everybody who gets a big paycheck thinks they "got it" although thats not a kings ransom in California. Save some dough in case you don't. If he made 500,000 in 2007 (I assume that was peak) you can expect 200,000 of it to go to taxes leaving 300,000. Buy 3 homes in the 500,000 range and you have a math problem unless the show ran for 5 years at that price and you didnt buy furniture.. or food..

I don't know too many people making 500,000 for a few years and buying numerous homes, especially in California where 500,000 used to get you a starter home. Guess the bubble hit him too.


Xzibit no longer enjoying a pimped lifestyle






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Pedal To The Metal - Drive. Play. Enjoy the Ride. » News » December 2010 » Xzibit no longer enjoying a pimped lifestyle

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