Originally posted by jantzen212003
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Floyd Mayweather Jr owes $6.2 million in federal income taxes - COMEBACK INEVITABLE ?
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this foo is comin bak he may b loaded but look at his lifestyle n all his lil posse arent just hangin wit him for the fuk of it sooner or later he gonna start runnin out of cash he can only get so much out of endorsements n hes young so ill b xpectin pbf fight in 09
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Originally posted by jantzen212003 View Post"why Bill Gates still makin them ****rin computers?"
Thats what happens when you are rich, you stop working and pay other people to make more money for you.
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Originally posted by raycorey View PostHow come boxers alway owe back taxes??? Havent they learn from past boxers of 100 years ago??
that is becaus they are self employed and they dont take taxes of that money they received so they have to make estimated taxpayment during the year so they dont get penalized. also if they fill and pay late interest and penalties are apply which if he owes 6 millions. i dont want to see the interest and penalties on that amount.
also if he has a lien on his property is because its been more than 6 months without paying the account. soo if he has the money that many people say he has. why not pay it before???
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$6,000,000 cash is a lot of money. Remember, a lot of sport stars invest in property, and business. Their money is tied up. If Floyd owes $6,000,000 it's probably because he doesnt have that kinda cash lying about or he would have payed it already. You don't mess about with the tax man for no reason.
He also has to pay a coach, manager, and accountant 10% of what he gets, so I doubt he is as loaded as everybody makes out.
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Originally posted by timba1988 View Post$6,000,000 cash is a lot of money. Remember, a lot of sport stars invest in property, and business. Their money is tied up. If Floyd owes $6,000,000 it's probably because he doesnt have that kinda cash lying about or he would have payed it already. You don't mess about with the tax man for no reason.
He also has to pay a coach, manager, and accountant 10% of what he gets, so I doubt he is as loaded as everybody makes out.
have to remember that escort that he has. i heard that he bring a lot of bodyguard to places and if they stay in hotel and eat. im pretty sure is not cheap.
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Originally posted by RED ARMY View PostI never understand stuff like this me. Isn't the tax deducted automatically?.
I assume Floyd didn't include some money he won. And they looked at the tax records his opponet or promoter made in fight by fight and probably figured Floyd didn't claim 6mil. And when they did the audit they see money that should of been claimed by Floyd.
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