Kanye West Says The IRS Froze His Accounts For Owing $50 Million In Taxes

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WASHINGTON, DC - OCTOBER 11: (AFP OUT) Rapper Kanye West speaks during a meeting with U.S. President Donald Trump in the Oval office of the White House on October 11, 2018 in Washington, DC. (Photo by Oliver Contreras - Pool/Getty Images)
Kanye West says that the IRS tried to put him in jail because he owes $50 million in taxes.

Kanye West says that the IRS tried to have him arrested for unpaid taxes. Ye discussed his financial situation during an appearance on the Timcast IRL podcast. Nick Fuentes and Milo Yiannopoulos joined him for the interview.

“I’m talking about literally finding out that they were trying to put me in prison this morning,” Kanye West claimed. “But I found out — okay, so they froze, they put a $75 million hold on four of my accounts.”

LOS ANGELES, CA - AUGUST 30: Vanguard Award winner Kanye West speaks onstage during the 2015 MTV Video Music Awards at Microsoft Theater on August 30, 2015 in Los Angeles, California. (Photo by Kevork Djansezian/Getty Images)

“And then they said, you owe a lot of taxes. Took me like six hours to find out how much. A lot — was it — well, around $50 million,” Ye continued.

After explaining that he wasn't sure what constitutes tax evasion, he admitted: “I’m obviously not the most financially literate person on the planet.”

“So now I’m having — I get to actually learn how to run a company. I get to learn how to, you know, to count, really,” Ye said. “It’s like I didn’t even know where to put the money.”

He continued: “And that made me feel like they’re just waiting, like, ‘We finally got him, we finally can put him in jail.’ And I was like, ‘Can I still run for president in jail?’ I found out I could, so I was like okay, that’s fine then.”

Struggles with the IRS aren't the only financial burden Ye has faced in recent months. He's also lost out on numerous brand deals due to various antisemitic comments and other erratic behavior.

Later in the interview with Tim Pool, Ye stormed out of the room when challenged on those antisemitic remarks.

Check out West's appearance on Timcast IRL below.


About The Author
Cole Blake is currently an Editor at HotNewHipHop based out of Brooklyn, New York. He began working at the site as an intern back in 2018 while studying journalism at St. John’s University. In the time since, he’s graduated with a bachelor's degree and written extensively about a wide range of topics including pop culture, film & television, politics, video games, sports, and much more. He’s also covered music festivals such as Gov. Ball and Rolling Loud. You can find him publishing work for HNHH from Monday to Wednesday or on weekends. On the sports front, Cole’s a passionate NBA and NFL fan with his favorite teams being the Indianapolis Colts and Los Angeles Lakers. He also roots for the Yankees whenever he finds himself at Yankee Stadium or the Red Storm when in the company of other SJU alumni. His favorite hip-hop artists are billy woods, Earl Sweatshirt, Cam’ron, MIKE, and Mach-Hommy.