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(Hollyscoop)   Celebrities who have less money than you. In related news, Stephen Baldwin wants to know if you're finished with that sandwich   (hollyscoop.com) divider line 45
    More: Weird, Stephen Baldwin, Kim Basinger, MC Hammer, Rick James, Hollyscoop, breaking news, sandwiches, celebrity  
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10849 clicks; posted to Entertainment » on 25 Jun 2011 at 7:41 PM (3 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2011-06-25 06:22:17 PM
HI!

I am a dumb fark and I lost all my money, but DUMBER FARKS gave me loans!!

bwhahahahahaha
and I got to file for bankruptcy and keep all my stolen stuff!!
WOOT
 
2011-06-25 06:44:41 PM
Well, somebody had to be known as "the s**tiest Baldwin brother."
 
2011-06-25 06:56:27 PM
I half expected to see Lindsay Lohan on that list. Am I off base?
 
2011-06-25 07:19:03 PM
I wondered why Alec Baldwin was narrating a classical music programme every week.
 
2011-06-25 07:55:16 PM
Well, MC Hammer will be a the gathering of the juggalos this year, so he has that going for him I guess.
 
2011-06-25 07:57:18 PM
What normal person would WANT to be famous?

I love my anonymity. I like being able to go outside and pick up the paper without doing my hair and wearing sweats and only embarrassing myself to my neighbor. I like that I can pick up my bags at LAX without some TMZ meathead with a camera confronting me with some 'witty' question. I like that I can have quiet time with my kids at a playground, or go to the supermarket, or anywhere, and nothing I do will be photographed or videoed and commented on or judged or misinterpreted. I prefer that any marital problems I have are not due to the tabloid rumor mill.

I get that some people love acting, and that being a successful actor also means you're recognizable, and for some that's a bonus not a negative -- I'm not criticizing that. It takes all kinds to make up the world.

I just can't understand how some people would seek fame for it's own sake.
 
2011-06-25 08:04:23 PM
I often read about supposedly poor celebrities, but I can't really think of many who have had to take on a normal job - the kind of job that doesn't capitalize on their celebrity in some way. Gary Coleman and Dana Plato are the only two that immediately come to mind. This leads me to believe that maybe they aren't as destitute as we might think they are.
 
2011-06-25 08:06:01 PM

StopLurkListen: What normal person would WANT to be famous?

I love my anonymity. I like being able to go outside and pick up the paper without doing my hair and wearing sweats and only embarrassing myself to my neighbor. I like that I can pick up my bags at LAX without some TMZ meathead with a camera confronting me with some 'witty' question. I like that I can have quiet time with my kids at a playground, or go to the supermarket, or anywhere, and nothing I do will be photographed or videoed and commented on or judged or misinterpreted. I prefer that any marital problems I have are not due to the tabloid rumor mill.

I get that some people love acting, and that being a successful actor also means you're recognizable, and for some that's a bonus not a negative -- I'm not criticizing that. It takes all kinds to make up the world.

I just can't understand how some people would seek fame for it's own sake.


C.R.E.A.M.
 
2011-06-25 08:06:23 PM

Atomic Spunk: I often read about supposedly poor celebrities, but I can't really think of many who have had to take on a normal job - the kind of job that doesn't capitalize on their celebrity in some way. Gary Coleman and Dana Plato are the only two that immediately come to mind. This leads me to believe that maybe they aren't as destitute as we might think they are.


Yeah, I think that when you and I go bankrupt, it's an entirely different experience then when someone who owns an entire town goes bankrupt.
 
2011-06-25 08:14:24 PM
Once, long ago, Stephen Baldwin was hot:

www.bilerico.com
 
2011-06-25 08:22:27 PM

Atomic Spunk: I often read about supposedly poor celebrities, but I can't really think of many who have had to take on a normal job - the kind of job that doesn't capitalize on their celebrity in some way. Gary Coleman and Dana Plato are the only two that immediately come to mind. This leads me to believe that maybe they aren't as destitute as we might think they are.


Some are dead broke.
 
2011-06-25 08:30:18 PM

Dwight_Yeast: Once, long ago, Stephen Baldwin was hot:


He doesn't do a thing for me. But he is a good narrator.
 
2011-06-25 08:58:33 PM
It's interesting how many celebrities get into trouble via taxes. While the tendency is for a new star to think "hey, I hit it big, now I'm going to live large" and spend outside their means, it seems like the IRS takes their piece of so many of them.

If you're self employed, you'd better have a good accountant and keep on top of those quarterly payments, whether you're a small business owner or you're getting paid millions of dollars for entertaining people.
 
2011-06-25 09:13:36 PM
How much does Wesley Snipes have?

More than me I'm sure, but I'm not in jail and masturbating hoping the guy in my cell don't wake up and ask if I needed my cawk sucked.
 
2011-06-25 09:25:02 PM

GungFu: How much does Wesley Snipes have?

More than me I'm sure, but I'm not in jail and masturbating hoping the guy in my cell don't wake up and ask if I needed my cawk sucked.


Came to ask about Snipes. Also, isn't Willie Nelson in a similar situation, tax-wise?
 
2011-06-25 09:32:27 PM

fusillade762: GungFu: How much does Wesley Snipes have?

More than me I'm sure, but I'm not in jail and masturbating hoping the guy in my cell don't wake up and ask if I needed my cawk sucked.

Came to ask about Snipes. Also, isn't Willie Nelson in a similar situation, tax-wise?


Willie has his own charity-a-thon a few years back that i think took care of the last of his tax debt. He still smokes 90% of what he makes but i am pretty sure he is solvent now...
 
2011-06-25 10:04:52 PM
I will Happily help out KIm Bassinger!
 
2011-06-25 10:28:37 PM

Dwight_Yeast: Once, long ago, Stephen Baldwin was hot:


Beat me to it. That was before he turned into a wingnut.
 
2011-06-25 10:33:46 PM

akula: If you're self employed, you'd better have a good accountant and keep on top of those quarterly payments, whether you're a small business owner or you're getting paid millions of dollars for entertaining people.


As someone who has been self-employed more than a few times - the challenges of dealing with all the regulations and rules is enough to make you vote Republican. I recently canned my accountant after I personally reviewed some tax returns from a few years ago and it ends up I know more about IRS tax code than he did and I had to refile a couple of years.

/pretty much everything evened out in the end but I still had to shell out a few k in interest and penalties
//the IRS is actually not bad to deal with - the key is don't ignore the issue and just deal with it
///can completely understand actors, consultants, and others who get screwed over by their management or accountants
 
2011-06-25 11:09:22 PM

akula: It's interesting how many celebrities get into trouble via taxes. While the tendency is for a new star to think "hey, I hit it big, now I'm going to live large" and spend outside their means, it seems like the IRS takes their piece of so many of them.

If you're self employed, you'd better have a good accountant and keep on top of those quarterly payments, whether you're a small business owner or you're getting paid millions of dollars for entertaining people.


how about requiring that ALL payments made to stars and athletes and pretty much ANYONE have 30% income tax withheld. they can file claims to get any extra that they might have paid returned.

can ANYONE explain WHY us peons having withholding but the important people dont?

/nvm
 
2011-06-25 11:26:08 PM
I just paid off one of my debts today, so I'm getting a kick out of this article.

Sympathy. I have none.
 
2011-06-25 11:57:32 PM

fusillade762: GungFu: How much does Wesley Snipes have?

More than me I'm sure, but I'm not in jail and masturbating hoping the guy in my cell don't wake up and ask if I needed my cawk sucked.

Came to ask about Snipes.


Me too. When his parent's looked down at their newborn baby, what on earth possessed them to pick the name "Wesley"?
 
2011-06-25 11:59:03 PM

namatad: akula: It's interesting how many celebrities get into trouble via taxes. While the tendency is for a new star to think "hey, I hit it big, now I'm going to live large" and spend outside their means, it seems like the IRS takes their piece of so many of them.

If you're self employed, you'd better have a good accountant and keep on top of those quarterly payments, whether you're a small business owner or you're getting paid millions of dollars for entertaining people.

how about requiring that ALL payments made to stars and athletes and pretty much ANYONE have 30% income tax withheld. they can file claims to get any extra that they might have paid returned.

can ANYONE explain WHY us peons having withholding but the important people dont?

/nvm


I will ignore the nvm and answer you. A movie actor is a contracted worker so they are considered self-employed. Although someone, like Charlie Sheen, who works on a tv show is an employee of the production company so he would have their taxes withheld by the production company. That's my guess.
 
2011-06-26 12:15:11 AM

namatad: I am a dumb fark and I lost all my money, but DUMBER FARKS gave me loans!!


This is what I don't understand. If someone is getting paychecks for millions of dollars, why would they ever ask for a loan again? Why not just buy the shiat you want outright? I remember reading somewhere that Nick Cage was losing several houses to foreclosure. Why the fark did he have mortgages in the first place? When your income is as variable and unstable as an actor, I would think that going into debt would be the dumbest move on the planet. Wouldn't it be a better idea to buy one mansion free-and-clear than to have 7 with ginormous mortgages?
 
2011-06-26 12:15:23 AM

StopLurkListen: I love my anonymity.


You sound fat.
 
2011-06-26 12:22:27 AM

bravian: Dwight_Yeast: Once, long ago, Stephen Baldwin was hot:

Beat me to it. That was before he turned into a wingnut.


If you really want to see how crazy insane Stephen Baldwin is, just watch the interviews on the special edition of "The Usual Suspects". No politics, just damn.

"So I went in to meet with Brian, you know, and I figured I'd just choke him. Y'know. Just to see how he'd react. In the end I didn't do that."

/quote not intended to be factual
 
2011-06-26 12:56:53 AM
Wasn't Don Johnson being screwed for royalties for Nash Bridges?
 
2011-06-26 01:45:22 AM
No mention of that magnificent thespian Nicolas Cage? I'm shocked.
 
2011-06-26 01:49:42 AM

ignatius_crumbcake: namatad: I am a dumb fark and I lost all my money, but DUMBER FARKS gave me loans!!

This is what I don't understand. If someone is getting paychecks for millions of dollars, why would they ever ask for a loan again? Why not just buy the shiat you want outright? I remember reading somewhere that Nick Cage was losing several houses to foreclosure. Why the fark did he have mortgages in the first place? When your income is as variable and unstable as an actor, I would think that going into debt would be the dumbest move on the planet. Wouldn't it be a better idea to buy one mansion free-and-clear than to have 7 with ginormous mortgages?


well you can always tell who the STUPID actors are and who the SMART actors are.
vanilla ice? genius
hammer? fartard

baldwin? dumb as toast
madonna? bright and shiney
 
2011-06-26 01:52:55 AM

zefal: I will ignore the nvm and answer you. A movie actor is a contracted worker so they are considered self-employed. Although someone, like Charlie Sheen, who works on a tv show is an employee of the production company so he would have their taxes withheld by the production company. That's my guess.


yah, I figure that that is what is happening ...
just saying the the government should require ANYONE paying SOMEONE large sum of money should be required to withhold, call it 40%.

the fact the hollywood blockbusters dont make money is another tax cluster fark of the american people we dont hear a lot about. why is that?

why do we have a problem with GE not paying taxes but it is "ok" that T2 didnt make a profit? (might be misremembering T2, but there were a number of blockbusters that didnt pay much in taxes because they broke even.)

/wrists
 
2011-06-26 02:45:39 AM

namatad: the fact the hollywood blockbusters dont make money is another tax cluster fark of the american people we dont hear a lot about. why is that?

why do we have a problem with GE not paying taxes but it is "ok" that T2 didnt make a profit? (might be misremembering T2, but there were a number of blockbusters that didnt pay much in taxes because they broke even.)


Take this story with a grain of salt, but an internet buddy of mine said his brother was the agent for David Prowse (the guy behind the Dath Vader suit), apparently he had a profit sharing deal in his contract for the trilogy. Every year he gets a letter from Lucasfilm saying "we're sorry, but Star Wars has yet to turn a profit".
 
2011-06-26 03:32:04 AM

Evilsmurf: namatad: the fact the hollywood blockbusters dont make money is another tax cluster fark of the american people we dont hear a lot about. why is that?

why do we have a problem with GE not paying taxes but it is "ok" that T2 didnt make a profit? (might be misremembering T2, but there were a number of blockbusters that didnt pay much in taxes because they broke even.)

Take this story with a grain of salt, but an internet buddy of mine said his brother was the agent for David Prowse (the guy behind the Dath Vader suit), apparently he had a profit sharing deal in his contract for the trilogy. Every year he gets a letter from Lucasfilm saying "we're sorry, but Star Wars has yet to turn a profit".


This is true. They mentioned this exact same thing on some film biography I watched on TV a few months back.
 
2011-06-26 03:34:45 AM

omnimancer28: Evilsmurf: namatad: the fact the hollywood blockbusters dont make money is another tax cluster fark of the american people we dont hear a lot about. why is that?

why do we have a problem with GE not paying taxes but it is "ok" that T2 didnt make a profit? (might be misremembering T2, but there were a number of blockbusters that didnt pay much in taxes because they broke even.)

Take this story with a grain of salt, but an internet buddy of mine said his brother was the agent for David Prowse (the guy behind the Dath Vader suit), apparently he had a profit sharing deal in his contract for the trilogy. Every year he gets a letter from Lucasfilm saying "we're sorry, but Star Wars has yet to turn a profit".

This is true. They mentioned this exact same thing on some film biography I watched on TV a few months back.


and lucas should be killed for this
seriously, that kind of BULLshiat is just wrong on so many levels.
PLUS, hasnt EVERYONE learned that you want points on the gross and/or merchandizing? even if it is a TINY percent ..... it is better than a percent of zero profit .... farkers
 
2011-06-26 04:20:20 AM

namatad: omnimancer28: Evilsmurf: namatad: the fact the hollywood blockbusters dont make money is another tax cluster fark of the american people we dont hear a lot about. why is that?

why do we have a problem with GE not paying taxes but it is "ok" that T2 didnt make a profit? (might be misremembering T2, but there were a number of blockbusters that didnt pay much in taxes because they broke even.)

Take this story with a grain of salt, but an internet buddy of mine said his brother was the agent for David Prowse (the guy behind the Dath Vader suit), apparently he had a profit sharing deal in his contract for the trilogy. Every year he gets a letter from Lucasfilm saying "we're sorry, but Star Wars has yet to turn a profit".

This is true. They mentioned this exact same thing on some film biography I watched on TV a few months back.

and lucas should be killed for this
seriously, that kind of BULLshiat is just wrong on so many levels.
PLUS, hasnt EVERYONE learned that you want points on the gross and/or merchandizing? even if it is a TINY percent ..... it is better than a percent of zero profit .... farkers


And then have it paid to your "production company" and take a "loan" out every year so you don't have to pay taxes. Our system needs a serious overhaul.
 
2011-06-26 05:37:51 AM

AbiNormal: I will Happily help out KIm Bassinger!


Dibs
 
2011-06-26 06:08:01 AM

Apos: No mention of that magnificent thespian Nicolas Cage? I'm shocked.


Last night's weekend update on SNL had what, Andy Samberg playin' Nic Cage and the real Jake Glynnynnhall, I was in stitches, it was incredible, Nic Cage givin' lessons on how to act, biatchin' about not bein' in SOURCE CODE
 
2011-06-26 07:51:20 AM

namatad: why do we have a problem with GE not paying taxes but it is "ok" that T2 didnt make a profit? (might be misremembering T2, but there were a number of blockbusters that didnt pay much in taxes because they broke even.)


I've heard something like that about T2 as well. I remember reading somewhere Linda Hamilton saying she doesn't get any residuals from it because the company that made it went bankrupt. That seems like a really shiatty scheme. Basically any company can declare themselves bankrupt, sell the rights, and the new rightsholders don't have to honor the contracts of the people who made the movie? So every time it appears on TV or they sell a Blu-ray or whatever, they just keep all the money? Meanwhile, the people who ran the original company probably just formed up under another name and are doing fine. I've always wondered if it's as shady as it sounds, hope somebody in that end of the business can explain.
 
2011-06-26 12:09:34 PM
The part that really gets me is MC Hammer's downfall. Rick James had every right to sue (wouldn't you go to him in the first place to settle that shiat or cut him in?), but when you're spending so much on a goddamn house and NINETEEN HORSES? At what point do you say "I'm rich, so I'm going to invest it, and maybe spend below my means so I can keep all this money?" I'm not saying they should be responsible, but there's a point where your greed kicks in and you want to keep your money.

I'm amazed these people didn't get greedy and keep their money.
 
2011-06-26 08:39:14 PM
ignatius_crumbcake: This is what I don't understand. If someone is getting paychecks for millions of dollars, why would they ever ask for a loan again? Why not just buy the shiat you want outright? I remember reading somewhere that Nick Cage was losing several houses to foreclosure. Why the fark did he have mortgages in the first place? When your income is as variable and unstable as an actor, I would think that going into debt would be the dumbest move on the planet. Wouldn't it be a better idea to buy one mansion free-and-clear than to have 7 with ginormous mortgages?

Because of property taxes.The county tax collector gets first rights to the house even before a lender. So regardless if Cage bought the homes outright, if he didn't pay his property taxes, the county can and will foreclose on the home.

Guntram Shatterhand: The part that really gets me is MC Hammer's downfall. Rick James had every right to sue (wouldn't you go to him in the first place to settle that shiat or cut him in?), but when you're spending so much on a goddamn house and NINETEEN HORSES? At what point do you say "I'm rich, so I'm going to invest it, and maybe spend below my means so I can keep all this money?" I'm not saying they should be responsible, but there's a point where your greed kicks in and you want to keep your money.

I'm amazed these people didn't get greedy and keep their money.

Showing off one's status with material possessions aside (and a great way to really show off is to buy seemingly stupid things like gold plated toilets and fifteen cars), folks who grow up poor tend to spend that way whenever they get their hands on money. They don't know when its coming again, so they better enjoy it is the mentality. And consider that they do not understand what a million, let alone 10 million, even IS. Investing it is not a thought that comes their way because they were never conditioned to think of it as a possibility in life, let alone an option. :(
 
2011-06-26 08:51:27 PM

ignatius_crumbcake: namatad: I am a dumb fark and I lost all my money, but DUMBER FARKS gave me loans!!

This is what I don't understand. If someone is getting paychecks for millions of dollars, why would they ever ask for a loan again? Why not just buy the shiat you want outright? I remember reading somewhere that Nick Cage was losing several houses to foreclosure. Why the fark did he have mortgages in the first place? When your income is as variable and unstable as an actor, I would think that going into debt would be the dumbest move on the planet. Wouldn't it be a better idea to buy one mansion free-and-clear than to have 7 with ginormous mortgages?


Depends. Being cash-wealthy does not build credit. Taking out a loan and paying it back builds credit. I can't speak for bazillionaires, but I do know plenty of people who have enough in their bank account to buy a car outright, but opt for the car loan anyway. Car loans are excellent ways to build credit.
 
2011-06-26 09:22:54 PM

Guntram Shatterhand: The part that really gets me is MC Hammer's downfall. Rick James had every right to sue (wouldn't you go to him in the first place to settle that shiat or cut him in?), but when you're spending so much on a goddamn house and NINETEEN HORSES? At what point do you say "I'm rich, so I'm going to invest it, and maybe spend below my means so I can keep all this money?" I'm not saying they should be responsible, but there's a point where your greed kicks in and you want to keep your money.

I'm amazed these people didn't get greedy and keep their money.


Maybe he saw the thoroughbred racehorses as an investment?
 
2011-06-26 09:47:04 PM

ignatius_crumbcake: namatad: I am a dumb fark and I lost all my money, but DUMBER FARKS gave me loans!!

This is what I don't understand. If someone is getting paychecks for millions of dollars, why would they ever ask for a loan again? Why not just buy the shiat you want outright? I remember reading somewhere that Nick Cage was losing several houses to foreclosure. Why the fark did he have mortgages in the first place? When your income is as variable and unstable as an actor, I would think that going into debt would be the dumbest move on the planet. Wouldn't it be a better idea to buy one mansion free-and-clear than to have 7 with ginormous mortgages?



Ummm, because they're idiots?
 
2011-06-26 11:13:19 PM

Evilsmurf:
Take this story with a grain of salt, but an internet buddy of mine said his brother was the agent for David Prowse (the guy behind the Dath Vader suit), apparently he had a profit sharing deal in his contract for the trilogy. Every year he gets a letter from Lucasfilm saying "we're sorry, but Star Wars has yet to turn a profit".


This is true to a degree. Prowse was getting letters from LucasFilm in regards to the Return of the Jedi Special Edition, in which he had signed a contract that he would receive some amount of NET profit (not gross profit). He basically got screwed by the fine print.

I can sign a contract that states you'll give me 50K in exchange for 50% NET profit. Net profit meaning profit gained after EVERYTHING has been paid for... down to the paperclips. So what happens if I do make the next "Blair Witch Project" which actually may go into net profit? Do a wide-release, then re-release it with extras, special-editions, etc... I guarantee you I've make sure I never hit net profit and thus you'll never see any money. Ever.

Gross profit is where people make their money. When directors or actors defer their base pay for a cut of the profit, it's ALWAYS gross, never net.

So yeah, Lucas farked him on that. And apparently Lucas really hates the dude....

WTF Fark... stop stripping my HTML! Copy N Paste link:

http://articles.nydailynews.com/2010-07-17/entertainment/27070263_1_original-tr i logy-bans-david-prowse
 
2011-06-27 09:54:44 AM

Persnickety: fusillade762: GungFu: How much does Wesley Snipes have?

More than me I'm sure, but I'm not in jail and masturbating hoping the guy in my cell don't wake up and ask if I needed my cawk sucked.

Came to ask about Snipes.

Me too. When his parent's looked down at their newborn baby, what on earth possessed them to pick the name "Wesley"?


The couldn't spell "Weasely"
 
2011-06-27 11:50:30 AM
I remember hearing that rappers are the worst at this. Some TV program that I was watching said that, on average (at the time):

1. Rapper gets signed - receives one million dollar signing bonus.
2. Goes out and buys enormous house.
3. Figures that, because the house is paid for, it's all good.
4. Forgets that MAINTAINING a big ass house is a huge cost.
5. Album takes time to record and release, meaning the rapper has to take advances or loans (both at high interest).
6. Rapper is screwed when album doesn't do well; owes money.
7. Home forclosed.
 
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