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VIDEO: Pam Anderson: “I Take Full Responsibility” For Tax Problems

Dancing With The StarsPamela Anderson isn’t side-stepping her tax issues, RadarOnline.com has learned.

In fact, she says “It’s my own fault, I take full responsibility.”

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The Baywatch beauty owes $493, 000 in back taxes. “I was in a construction lawsuit and I’m still in that lawsuit and that was a little snowball effect last year,” she explained.

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“I kinda got myself in a little trouble last year. I hate to owe anybody anything and it just feels terrible to be in a situation– that I think a lot of people are these days, So I’m working on it.”

Dancing With The Stars Rehearsals With Pam Anderson

The always honest Anderson tells Hollywood TV “I’m doing the best I can and I’m going to make it all work.” Pam says she has business managers and project managers, but “I know everything that’s going on in my life.”

PHOTOS: Pam Anderson Half Naked On The Runway

And the dancing diva says she did not go on Dancing With the Stars to pay off her taxes, she says “I’m learning how to dance.”

And, she jokes, “If I win I wanna dance with (President) Obama.”

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Pam and her dancing partner Damian Whitewood will be on Dancing With The Stars Monday at 8 on ABC.

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