Originally posted by Beercules
View Post
Announcement
Collapse
No announcement yet.
Manny, bob, and Michael facing jail?
Collapse
-
-
Originally posted by checkhuk44 View PostMannys earning power and career will fall off to inescapable depths if he is forced to fight in china forever
If he can't get the exempt in the Phillippines, he has to fight in the states again to stay afloat, imo. he can probably bargain the IRS down to about 8-10 mill out of his next purse, on top of what new percentage the IRS takes. its not great, but after paying his team, promoter and the IRS, he could possibly break even at that point going forward.
Comment
-
Originally posted by Syf View PostWhile I agree...I also think a lifetime tax exempt would change everything. the US can never match that, they always gonna want their cut. There would have to be a long look taken at the upside of staying out of the US the rest of his career and taking the hit to his PPV #'s in exchange for the tax relief. a couple unknowns to me on this are china's tax code and how they would respect an exempt status from the phillipinnes. Also whether they can actually have the chinese buy ppv's eventually.
If he can't get the exempt in the Phillippines, he has to fight in the states again to stay afloat, imo. he can probably bargain the IRS down to about 8-10 mill out of his next purse, on top of what new percentage the IRS takes. its not great, but after paying his team, promoter and the IRS, he could possibly break even at that point going forward.
Comment
-
Originally posted by checkhuk44 View PostYour post sticks out in this debate brother. This is a fantastic discussion. Contribute intelligently or kick rocks bro
And for the record every thread you make sticks out brother.
Comment
-
Comment