Lil Pump Hounded By IRS Over $2M Tax Debt — Despite $12M Net Worth
Lil Pump has beef with the United States Internal Revenue Service, and it looks like the tax collection agency has two million reasons to dislike him.
Court documents obtained by Radar Online suggest that the “I Love It” rapper got the first tax lien filed against him back in March, and the lien was for back taxes owed from 2021. In total, according to the IRS, Lil Pump (real name Gazzy Garcia) allegedly owes $141,340.56 for that year.
Just a few weeks after the IRS filed the first lien against the Miami rapper, the agency filed a second lien for $129,801.88 against him for his 2020 back taxes — and these two liens were added on top of the massive $1,676,738.65 tax lien filed against Lil Pump back in October 2021.
That brings the grand total of the tax bill owed by Lil Pump to more than $2million — and this number also includes a $90,000 credit, which was paid by Lil Pump back in 2022.
Despite the hefty tax bill, the Soundcloud rapper actually has an impressive approximate net worth of $12million, according to Celebrity Net Worth. That net worth also takes an $8million advance from Warner Brothers, and a $4.6million mansion in Miami Beach, into account for its final tally.
His problems with the IRS first cropped up in 2018, thanks to the success of his song “Gucci Gang.”
Lil Pump Drops $25K On Brand New Set Of 'Porcelain Gang' Teeth
The IRS filed the lien against Lil Pump’s $5million Miami mansion and revealed Pump missed a $1,676,738.65 payment on his 2018 bill. If Lil Pump doesn’t pay the tab, the IRS warned him they’d be coming to seize his property.
And then, in 2019, Pump failed to pay back $89,378.69 in taxes but he tried to deny the bill in 2021 on social media with a post showing off some expensive jewelry.
“Do not believe the internet, that shit is all cap bro,” Pump said. “90 thousand that is on my wrist right now. Another 90, that’s on my neck. Don’t play with my body. Look, I have made over 15 million dollars, you know what the tax bill on 15 million dollars is? Bitch, 90k ain’t shit to me. Stop playing with my body.”
In August, American Express sued the Harverd Dropout rapper and his company Lil Pump Touring for a breach of contract and failing to pay a $26,233.34 bill. American Express is seeking full damages plus interest.