Stephen Baldwin’s High Earnings And Even Higher Spendings

Stephen Baldwin-min
Source: Bustle

Even though people think of celebrities as people who have bottomless pits of money, this is often not the case. Though they make good money in most cases, they end up having financial problems as well. Stephen Baldwin, the youngest of the Baldwin brothers, is a case in point. Even though he has been the star of many different reality shows and is visible in the media as a spokesperson, he always seems to spend more than he earns.

In 2009, it was revealed that he was in more than 2 million dollars of debt when he filed for bankruptcy. His home went into foreclosure, and his debt included $70,000 in credit card bills. However, this was not the end of it. He was arrested for tax evasion in December of 2012, as he owed over $350,000 in state income taxes for the years 2008, 2009, and 2010. According to the New York D.A., “At a time when Rockland County and New York State face severe fiscal shortfalls, we cannot afford to allow wealthy residents to break the law by cheating on their taxes.” As if that was not enough, he ended up falling behind on taxes again in 2015, owing $30,000 to the state of New York and an additional $60,000 to the federal government.

In fact, Stephen Baldwin is currently embroiled in a battle to keep his house from being auctioned off. Hopefully there is an end in sight to all of his financial troubles, but for now, it looks like the huge amount of money he’s bringing in just isn’t enough.