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Jermaine Dupri

Learns VERY Expensive

Tax Lesson

1/9/2012 4:00 AM PST BY TMZ STAFF

0108_jermaine_dupri_getty_ex
Jermaine Dupri is tax debt free after he recently paid off a giant lien ... but it cost him nearly TWICE AS MUCH as it should have. 

According to docs filed recently in Georgia, Dupri owed $493,818.75 in back taxes he failed to pay for the year 2007. But get this ... the principal was only $254,782.64. Here's what the state tacked on:

Interest -- $91,721.75
Penalty -- $64,969.57
Collection fee -- $82,294.79
Costs -- $50 (why bother?)

The lesson here ... PAY YOUR TAXES ON TIME!

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11 COMMENTS

No Avatar

1.

Eddie    

Can't fix stupid, my dad always said. Proof positive: Mr. Jermaine Dupri.

996 days ago
2.

Truth    

I HEAR THE DOUCHE IS NEAR BANKRUPT ANYWAY... NEXT YEAR? WHAT TAXES. TOO BAD TAX DEBT IS NOT EXEMPT FROM BANKRUPTCY. OOPS, GUESS THE DOUCHE JUST FOUND OUT. NO WONDER JANET DUMPED HIS A$$. #TRUTH!!

996 days ago
3.

victory    

Don't these mega rich rappers know about accountants? There isn't any excuse not to pay your taxes. As the commercials are appearing on television now for Turbo Tax and H & R Block, I'm already feeling anxious collecting my tax info. Don't mess with the IRS, they don't miss a dime.

996 days ago
4.

Pebblebeach    

Pay your taxes fool...just ask Wesley Snipes how not paying your taxes like the rest of us is working out for him...

996 days ago
5.

James R. - Los Angeles    

I don't memba them, but, ask wesley snipes about not paying taxes . . .

996 days ago
6.

Sherms    

Loser...every woman loves a man who can't pay his beelz. Ugh.

996 days ago
7.

Sherms    

Loser

996 days ago
8.

UPYOURS    

And quit wearing fur.

996 days ago
9.

CoreyPain718    

Sad part is most of YOU posting this crap DONT EVEN HAVE JOBS TO FILE TAXES sitting on your hill billy asses running your mouths! LOL!

996 days ago

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