Xzibit owes nearly $1 million in delinquent federal taxes. His excuse for not paying them? The cancellation of Pimp My Ride. The rapper has declared bankruptcy twice since 2009 and had both bankruptcies dismissed according to Tax Watchdog.
Halfway through last year he had assets of approximately $739,433 but owed more than $1.4 million. His claim that cancellation of the show that made him famous is behind his financial problems doesn’t appear to be entirely untrue, as his records indicate he made $497,175 for headlining Pimp My Ride in 2007 and the next year, after the show was canceled, only made a paltry $67,510.
The most interesting revelation from his tax records? He didn’t own a car while hosting the show. He was leasing a 2006 Range Rover for $2,230 a month.
