Earning $2 million dollars a year isn't enough to cover Annie Leibovitz' bills. Word on the street is that famous photographer to the stars now owes $715,000!

The New York Post reports that Annie owes money for renovations done on her apartment, equipment rental fees and unpaid taxes.

How can $2 million a year from her Vanity Fair contract not be enough to live off of?!? We wonder if she realizes that some Americans won't even make that amount of money in their lifetimes. Did Annie just buy one too many sheets for Miley Cyrus? Did she have to bribe Lebron James to get him to do the shoot with her? We just can't imagine what in the world she's buying to blow so much money!