Tucker owes the feds taxes for 2001, 2002, 2004 and 2006 and even got rid of two Florida homes to help lessen the debt. Last October, Tucker unloaded one of his Florida homes for $1,050,000 even though the asking price on it was $1.5 million. Before the bank planned to foreclose on his 8,861 square foot Lake County, Florida home back in November of last year, Tucker had a short sale on it and sold the mansion for a reported $2 million even though he still owed $4.4 million on it.
Back in 2001, the funnyman reportedly took in a $20 million payday for “Rush Hour 2″ and scored $25 million for “Rush Hour 3″ which hit theaters in 2007. Now there is talk that Tucker might resurrect his role in Ice Cube’s “Friday” movie franchise which could also help chip away at his compounding tax debt.
Tucker’s tax situation is similar to what actor Nicholas Cage went through about two years ago when the IRS came gunning after him. Cage owed roughly $14 million in back taxes for apparently living way beyond his means. He actually had a head spinning-treasure trove — over two dozen homes, a castle, two Bahamian islands, Gulfstream jet, dinosaur skulls, shrunken heads, at least 50 expensive cars, two yachts, 18 motorcycles. The lavish spending seemed endless and the actor had to sell off properties, businesses, cars and yachts in order to pay down his mountainous debt with the feds.