No-Limit Master P (5 part Docuseries) Wednesday 9pm EST on BET
- Thread starter Dog Based Gremlin
- Start date
That's what I calculated the numbers on, albums sold. 200k albums from the 500k shipped
Re read the example again. I don't think you got it the first time
Your math is still off breh. Without having the numbers these albums actually Soundscanned in real time, there is no way to accurately calculate the amount made or the amount owed.
There's scan numbers posted in this thread, let's do 3 or 4 albums off the scan numbers vs the shipped albums
We can get to the truth
Marlo Barksdale
Really out chea
We don't have the contracts. We don't have the financial statements. We don't have a list of all the liabilities. So we don't have exact numbers to plug in.
But the results are apparent and we can look at the facts to understand that there was money owed. People with knowledge to the situation have explained how something like that can occur. A Forbes list holds little to no weight because they are only assuming worth.
When you get done, it's verified that P lost lawsuits, filed bankruptcy & lost control of the No Limit catalogue. P would be on the biggest campaign ever to clear his name and yell how White corporations were stealing his masters. His silence alone for 15 years is telling.
AlbertPullhoez
The Takeover
Have they mentioned his constant and over the top biting at all in this documentary?
Mr Hate Coffee
Veteran
what story ?? About snoop getting smacked up ?? There is paperwork to back it up that police filed
..........None of these labels were black owned like they appeared they were not suge not puffy and not master p .... the big wigs at the top are always these rich white dudes who don’t even care about hiphop as long as it brings in money.... a lil off topic but I hate wen all these labels were beefin with eachother n the bigwigs at the top could have easily put a stop it all that nonesense if they wanted to but they loved it until shyt gets a lil too real for them ....
Jaylen Tatum
Superstar
I'm assuming the production value is so low because of the pandemic
Jaylen Tatum
Superstar
Mister p the country singer 
Marlo Barksdale
Really out chea
A former No Limit artist named Deno West did an interview and he mentioned about P and IRS (he said P rapped about it on Ghetto Bill).
I happened to Google and once you look at the articles, the timeline and circumstances of NL's downfall become a lil clearer. You hate see it.
Master P Cops to Tax-Evasion Rap - E! Online
Master P In Court Over Tax Violation
On December 17, 2003, Miller's company filed for bankruptcy protection and switched distributors, leaving Universal for Koch.
To balance it out, here's rare footage from 1998 with Mia X, Young Bleed, KLC, Kane & Able, Mac, Mo Bm dikk, Mr Serv On, Mystikal and more on the set of Make Em Say Ugh
I happened to Google and once you look at the articles, the timeline and circumstances of NL's downfall become a lil clearer. You hate see it.
Master P Cops to Tax-Evasion Rap - E! Online
Master P Cops to Tax-Evasion Rap
Rapper pleads guilty to not paying taxes in Louisiana
By JULIE KELLER
FEB 06, 2004 6:00 PM
Master P did not get the hookup with the IRS.
The rapper, hip-hop mogul and star of the 1998 flick I Got the Hook-Up pleaded guilty Thursday in Baton Rouge, Louisiana, for failing to file a tax return seven years ago for his company, Bout It Incorporated.
P, aka Percy Miller, founded the company in 1996 to manage his No Limit Records label. IRS officials claim he pulled in $2.3 million during his first year in business. But Special Agent Janet Magee testified at the hearing that the company "maintained no books or records to document the business income or expenses."
Apparently, the shady (or just lazy) dealings caught up quickly with Master P. The rap impresario has been in negotiations with the IRS for five years trying to hammer out a solution to the problem.
Per the plea deal worked out by his lawyers, he has one year to cough up the tax money and will also have to appear in a public service announcement for either the IRS or Baton Rouge's Project Safe Neighborhoods.
IRS officials say they are not sure yet how much P owes, but he has since hired an accounting firm to sort out what his lawyer Tim Meche told the Baton Rouge Advocate was a "complicated mess."
A U.S. district court judge will soon set a date for sentencing. P faces a maximum penalty of five years' probation, a $200,000 fine (or twice the financial gain of the tax evasion) and the prosecution costs.
As for the rapper, he's just glad to be finished with the mess. Bout It lawyer Meche told the Advocate that his client is "just eager to put all this behind him and resolve it."
So far, it seems the rapper is cooperating with authorities on the whole tax matter, but in true gangsta style, the day didn't go down without a fight.
According to the Advocate, on his way into the courtroom, P was served with papers for a copyright-infringement suit. But as said server tried to approach the rapper, his bodyguards knocked him around for trying to approach their client. Eventually, the papers were thrown at Master P's feet and the server walked out with a scraped and bloodied hand.
Courthouse officials say there were no arrests and no charges will be filed. There has been no immediate word on the accusations contained in the suit.
In the meantime, P will keep himself busy with his hip-hop empire. Along with No Limit Records and the management of several gangsta-rap careers, including his own, he helms a film company, clothing line and luxury jewelry business.
Rapper pleads guilty to not paying taxes in Louisiana
By JULIE KELLER
FEB 06, 2004 6:00 PM
Master P did not get the hookup with the IRS.
The rapper, hip-hop mogul and star of the 1998 flick I Got the Hook-Up pleaded guilty Thursday in Baton Rouge, Louisiana, for failing to file a tax return seven years ago for his company, Bout It Incorporated.
P, aka Percy Miller, founded the company in 1996 to manage his No Limit Records label. IRS officials claim he pulled in $2.3 million during his first year in business. But Special Agent Janet Magee testified at the hearing that the company "maintained no books or records to document the business income or expenses."
Apparently, the shady (or just lazy) dealings caught up quickly with Master P. The rap impresario has been in negotiations with the IRS for five years trying to hammer out a solution to the problem.
Per the plea deal worked out by his lawyers, he has one year to cough up the tax money and will also have to appear in a public service announcement for either the IRS or Baton Rouge's Project Safe Neighborhoods.
IRS officials say they are not sure yet how much P owes, but he has since hired an accounting firm to sort out what his lawyer Tim Meche told the Baton Rouge Advocate was a "complicated mess."
A U.S. district court judge will soon set a date for sentencing. P faces a maximum penalty of five years' probation, a $200,000 fine (or twice the financial gain of the tax evasion) and the prosecution costs.
As for the rapper, he's just glad to be finished with the mess. Bout It lawyer Meche told the Advocate that his client is "just eager to put all this behind him and resolve it."
So far, it seems the rapper is cooperating with authorities on the whole tax matter, but in true gangsta style, the day didn't go down without a fight.
According to the Advocate, on his way into the courtroom, P was served with papers for a copyright-infringement suit. But as said server tried to approach the rapper, his bodyguards knocked him around for trying to approach their client. Eventually, the papers were thrown at Master P's feet and the server walked out with a scraped and bloodied hand.
Courthouse officials say there were no arrests and no charges will be filed. There has been no immediate word on the accusations contained in the suit.
In the meantime, P will keep himself busy with his hip-hop empire. Along with No Limit Records and the management of several gangsta-rap careers, including his own, he helms a film company, clothing line and luxury jewelry business.
Master P In Court Over Tax Violation
On December 17, 2003, Miller's company filed for bankruptcy protection and switched distributors, leaving Universal for Koch.
Youngblood Priest
Atl baby
nikkaz done fukked the whole thread up. Talking about fukking sales......
