Jake Paul’s problems with federal agencies continue to escalate. Last week, the 23-year-old content house of content creator Calabasas was robbed by the FBI. The robbery, which was linked to Paul’s involvement in a May 2020 riot that severely damaged a shopping center in Scottsdale, Arizona, is not the only problem Paul is facing. The YouTube star also has unfinished business with the IRS.
What is the value of Jake Paul?
Paul is said to be worth an estimated $ 19 million thanks to his YouTube channel, sponsorship, and line of marketing. In 2018, he became the second highest paid YouTube celebrity in the world, according to Forbes. According to the publication, Paul earned $ 21.5 million, missing only in the top spot.
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Ryan ToysReview is the only YouTuber who earns more, clocking in with an estimated income of $ 22 million. Paul’s older brother, Logan Paul, made substantially less. The older Paul had a rough 2018, with several controversies adversely affecting his purchasing potential. In the fiscal year, the older Paul brother earned $ 14.5 million.
How much does Jake Paul owe the IRS?
While the FBI raid made headlines, Paul’s most pressing issue at the moment is with the Internal Revenue Service. According to Newsweek, Paul owes the IRS just over $ 2 million. The debt is related to Pauls’ income from 2019. His representatives have not issued a public statement about the debt.
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In March, the IRS extended the tax filing date of 2019 due to the Coronavirus pandemic. April 15 is the traditional deadline to file taxes in the United States, but the 2020 cut was extended to July 15. According to the IRS, all tax forms had to be submitted by the date, and all taxes that had to be paid had to be paid by July 15, e.g. As of August 5, Paul had not paid his deferred bill.
Will federal prosecutors be announced against Jake Paul?
The Scottsdale Police Department gave Paul a call in June 2020 for his alleged role in the Scottsdale riot. Paul made a statement saying that neither he nor his friends were involved in the looting that took place after a demonstration. He was scheduled to appear in court in August, but the city dropped its charges against Paul, due to the federal investigation.
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Federal charges have not yet been announced. Fox News notes that the state may choose to reload charges at a later date. Paul, along with his longtime friend, Armani Izadi, were charged with criminal misconduct and unlawful assembly in Arizona. Both prosecutors are wrong.
