Will Smith Recalls Selling Everything He Owned After Not Paying Taxes

Will Smith will inform ya … even fame cannot spare you from the taxman’s grip, as he discovered the laborious approach — in truth, he says it price him all the things he owned again in his Philly days.

The actor spilled the beans on the “7PM in Brooklyn” podcast — reminiscing in regards to the late ’80s, when he snagged his first Grammy for Finest Rap Efficiency with “Parents Just Don’t Understand.” However, proper at that top level, he additionally bought a not-so-friendly discover from the IRS.

Will mirrored, “I was, like, ‘the IRS gets money from everybody, they don’t need mine’ — but they felt differently. So I didn’t pay taxes for two years and winning a Grammy and all that…so they just thought they should take my stuff.”

The Oscar winner stated he was pressured to promote all the things in Philly earlier than going out to L.A. — leaving him “broke, broke.”

You may inform the “Bad Boys” duo’s been pounding the pavement, doing interview after interview to advertise their new flick … as a result of Will’s now recycling tales.

He first talked about his tax drama again in 2018, and apparently his “everything must go” sale wasn’t sufficient to get him out of the pink, as a result of he stated he additionally needed to in the reduction of on splurging on fancy vehicles and designer threads.