TMZ did a story this morning about Rappers using something as a tax write off that I find hard to believe.
"Making it rain "is good for business and promotion that comes with the lifestyle of a rapper. They bump our music in a strip club, so me giving the girls a little bit of change to shake their ass -- that comes with the business. Everybody wins."
That according to The Game. That's his name. The Game. Also chiming in with tax advice is Bizzy Bone.
"I'm giving charity to females who need their light bills paid. So, of course, that's a write-off. You write off your kids, don't you?
Some people get their advice from EF Hutton, others Merrill Lynch, and a bunch from Henry & Richard Bloch. Now we'll have to add to this prestigious list of advisors The Game and Bizzy Bone. If you're not familiar with the apparent loophole being referenced as "making it rain", it's rather simple to explain, but difficult to understand. Tax payer goes to strip club with a wad of cash. Then throws it up in the air over a strippers head so it rains down on her. The part that's difficult is the receipt part. I'm pretty sure you need a receipt to claim a business deduction. So do you have to wait for Trixie Thong to pick it all up, count it, and then give you a receipt? Is is something you announce before you make it rain? Like Trixie Imma gonna make it rain up-n-herr, butta Imma need a recipt fa dis. Cool?" There's still so many questions! That's why you still need The Bizzy Bone firm to help you with your tax returns. They're not going to just give away all their advice...aka make it rain tax tips.
photo: screencapture from Fat Joe/Lil Wayne Song "Make It Rain".