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Arts and Entertainment Rappers appear on TV shining like crazy and bragging about how much money they have. But most of this is a really ugly lie and one that makes black people look as ignorant as any minstrel show in the history of our country. However, here's some truth about how your favorite rapper is probably going broke right now. Click HERE to find out!

Ludacris was in a custody battle with the mother of his child and revealed in court filings that he earned only $55,000 over the previous year. That's hardly the paycheck of a baller. Yes, that was $55,000 and yes, that was 2013. Next Bow Wow

Lil Bow Wow was in court after his Bentley was repossessed. He revealed that he had only $1,500 in his bank account. He now has a job on BET's 106 & Park, but this is probably not enough money to get him out of debt. According to Celebrity Net Worth, Bow Wow owes $90,000 to the IRS and another $280,000 to a luxury car leasing company. So, while his debt of financial distress remains unclear, it's very clear that he's living on the edge financially. Next Xzibit

Xzibit - former host of the MTV show, "Pimp My Ride," filed bankruptcy after owing over $1 million dollars to the IRS. He hasn't had a hit record since Bobby and Whitney were in love with each other. He has filed bankruptcy twice since 2009 Next Method Man

Fat Joe - went to prison after pleading guilty to tax evasion after owing over a million dollars to the IRS. Next Rapper Lil Flip

Method Man was arrested for failing to pay taxes back in 2011. He resolved the matter, but remains in debt. He also keeps trying to make a comeback, but it's just not working out. Next Fat Joe