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The Staggering Amount Of Debt Redd Foxx Left Behind

According to Celebrity Net Worth, at the time of Redd Foxx's death he owed millions in taxes. His net worth was listed as a negative $3.5 million when he died. Yes, negative. There was buzz about Foxx's tax issues a few years before his death. A 1989 Los Angeles Times article revealed that Foxx's Las Vegas home and seven of his vehicles were seized by the IRS for his failure to pay income taxes from 1983 to 1986. Foxx had already lost other properties and had filed for bankruptcy by 1983. 

When IRS agents repossessed everything from his home but a bed, Foxx claimed, "I could have gotten in touch with Eddie Murphy or Richard Pryor or Frank Sinatra or somebody who knows that, you know, I have been helpful to a lot of people." Foxx received his property back the following year, but his cars and jewelry, including a watch gifted to him by Elvis Presley, were auctioned off to pay back his taxes. The IRS alleged that Foxx spent $373,000 of his $500,000 "Harlem Nights" paycheck on ″wine, women, song and gambling.″

Despite his temptations in Sin City, Foxx once described Vegas as "the greatest city in the world." "I look out my window for 100 miles," he was quoted as saying, per IMDb. "In Vegas, there's nothing to do but gamble, drink or have sex."

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Arica Deslauriers

Update: 2024-05-20