June 24, 2014
Carter owes an astounding $2 million and most of it stems from back when he was a child star. The Internal Revenue Service has exposed his largest summation of debt, a jaw dropping $1.3 million from when he was 16 years old.
In a statement from his publicist, Steve Honig, “The bulk of his debt is from over 10 years ago when he was a minor and not in control of his finances.” Honig also explained how this was a common theme with many stars whose public enterprise started in their younger years.
Inside his petition, it was displayed that he had a total of $60 cash, $917 in checking, and $5 in bank savings. His life fortune at the moment equated to an eye- popping $8,200.
In his current setup, Carter is actively working to pay his debts, primarily through live performances across the U.S. The caveat to this schematic, however, is he makes an average $2,000 a month and does not receive extra income when the tour ends.
His publicist continues to ensure people that Carter “has really gotten his act together and is doing really well.”