According to TMZ.com, the ‘No More Drama’ singer owes a barely credible $3.4 million to Uncle Sam, having left her federal tax bill unpaid for three years. Even when she clears this up, she allegedly owes ANOTHER almost $4 million in state taxes and bank loans on which she and husband Martin Isaacs have defaulted.
This is not the latest financial setback for Ms Blige, whose movie credits include ‘Prison Song’ and ‘I Can Do Bad All By Myself’. Her charity, The Mary J. Blige and Steve Stoute Foundation for the Advancement of Women Now Inc., was accused of mishandling funds and failing to pay back a loan last year. Speaking about the allegations, Blige previously said: “The lives of young women are at stake. I feel what they feel. I don’t want them to suffer. I promised them something and I’m gonna deliver. Period. (..) The problem is that I didn’t have the right people in the right places doing the right things. This should have never been allowed to happen, but it did and now we are fixing it.’
The 42-year-old’s financial security has been in question in recent months due to a string of events including the outstanding $901,769.65 tax lien in the State of New Jersey, and defaulting on a $500,000 loan. If the true extent of her debt is as is being reported, there must be serious questions about her ability to come up with the money. If she proves unable to, the title of her hit single ‘I’m Going Down’ might prove prophetic.
