Fans Attempt To Help Nelly Settle IRS Debt!
Entertainers have fans, but then they have loyal fans. No, you didn’t misinterpret the title of this article.
Recently, the hashtag #SaveNelly and #HotInHerreStreamingParty surfaced on Twitter in an effort to assist the Saint Louis “Hot In Herre” rapper with his $2.4 million federal tax debt and $149,511 in state taxes from 2013.
How can fans possibly help accomplish that? Simple – continue to spin his songs – Genius!
Based on Spotify’s payouts, it’s estimated that Nelly would need anywhere from 288 million to 403 million streams..geesh!
If the debt doesn’t get paid, then his assets can be seized! However, with the new streams, that income gets taxed as well, so… would this actually hurt him?
We aren’t tax professionals, we just love good music.
Better get streaming…