“Making it rain” is a legitimate taxable expense?
by Fred Pessaro // BBG
Juicy J counts deductibles for his 1040 Form
I love what I do. But it might be time to think about career advancement if other jobs have perks like these:
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 ass — that comes with the business. Everybody wins.” -[TMZ]
No word on if Molly, Kush and Hennessy are also deductible. I’m calling my accountant.