Pacquiao paying 39.6 percent in taxes?!

U have to understand one thing here Larry, manny is not an American born Filipino. In most asian culture, asian people are very humble. For someone like manny who came from nothing to something even IF arum is ripping him off he's still making millions, something he has never had before. To them that is a gift and a blessing. For example if manny is suppose to get 50mil but ended with 25 he's not gonna question arum what happen to the other half instead he'll take his 25mil quietly with a smile and fly back to the PI. Americans are born with the mentality of being your boss and being demanding and want eveything all for themselves. Some of u guys might be reading this and thinking this is a load of crap but its true. thats true, I have noticed most asians/orientals tend to be shy, quiet and wont stand up for themselves, especially the foreigners. They rather let sh*t go rather then to "solve" the issue.

I remember Floyd saying that Manny only gets 11 million per fight. Wow thats more than what these Floyd fans on here say he makes. According to them PAC only makes 5mil. lol.

..who will watch the fight in china??? as of i know chinese are not a Boxing Fans most of them prefer to watch kungfu, https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcRk_IfLUGWrClIueUKwiRAXqLNLAqWJ7d1dwf1bC99t2_6XyFT3Ew

I remember Floyd saying that Manny only gets 11 million per fight.

This is what i want to know......why did it take him this damn long to figure this out? Why does Arum always have to say something first? This is what i do not get about Manny..it's like he can not speak for himself or stand up for himself..he is a great fighter no doubt but he comes across as a puppet and someone you can easily mess over. U have to understand one thing here Larry, manny is not an American born Filipino. In most asian culture, asian people are very humble. For someone like manny who came from nothing to something even IF arum is ripping him off he's still making millions, something he has never had before. To them that is a gift and a blessing. For example if manny is suppose to get 50mil but ended with 25 he's not gonna question arum what happen to the other half instead he'll take his 25mil quietly with a smile and fly back to the PI. Americans are born with the mentality of being your boss and being demanding and want eveything all for themselves. Some of u guys might be reading this and thinking this is a load of crap but its true.

..who will watch the fight in china??? as of i know chinese are not a Boxing Fans most of them prefer to watch kungfu, U dont know much then.

The changes are not that big. Nobody is making 30% less this year. Its a 3% change. I know it was just some random numbers I used to show him how stupid his arguement was.

The example you just gave is why people are complaining about the rich and wealthy and calling them greedy which they are. So the tax rates are up so instead of clearing 10Mill this year with the new tax rates your boss clears 7Mill and he can't have that. So instead he lays people off and cripples whole fvcking families to save a extra 3Mill and keep clearing that 10Mill. You say that is not being greedy? LLS The changes are not that big. Nobody is making 30% less this year. Its a 3% change.

He should come to Britain and pay 50% on anything over £100k. This. Most americans are completely oblivious to other countries and do not have a realistic picture of how cheap the US is to live in compared to a lot of other countries. They only believe what is on TV and on TV they tell us gas is super expensive and our taxes are crazy high. All Obama did was let the previous tax cuts expire for the top bracket. It went from 36% back to 39%. Whoop de ****ing do. Thats a change of 3% for the top bracket and people act like this is the end of the world and all of the millionaires will flee the country.

You guys know that taxes were way higher in the 1960s than they are now and they used to peak at like 70% or something crazy like that and today a lot of other countries like canada, england ect have higher taxes than the US. 39.6% is just the highest tax bracket. If he has good accountants he can get a lot of trickery done to avoid that. Once you make the money initially then invest it the gains are not going to be taxes at that high of a rate if you do it right.

The stupid Obama voters are the reason for this 39.6 % tax. Stupid votes the stupid in

JESUS CHRIST SO IGNORANT MORE TAXES , taxing them more does nothing for us ! here an example the owner of my company a millionaire had his taxes raised substantially, forcing him to lay off a hand full of people who are now collecting unemployment being paid for by his extra taxes tell me how this is good for our economy tell me how manny pacquiao or floyd mayweather fighting elshwere is good for our economy , forget your hatred of the rich and think about the millions of people employed by the wealthy that are being effected even more so The example you just gave is why people are complaining about the rich and wealthy and calling them greedy which they are. So the tax rates are up so instead of clearing 10Mill this year with the new tax rates your boss clears 7Mill and he can't have that. So instead he lays people off and cripples whole fvcking families to save a extra 3Mill and keep clearing that 10Mill. You say that is not being greedy? LLS

so dont be surprise that everything around you is made in china! lol! who will invest in a country with this huge TAX? If I'm one of that 2% millionaire, I will just move my business away in the US and that's may be happening now in boxing... Remember the Jeff Mayweather's statement last week? he even mention Dubai...

I guess Pac is a "Bank Is Half Empty" kinda guy :lol1:

I thought it would be 50%.. Pretty much is 50 percent with both taxes he's paying

I thought it would be 50%..

Pretty easy for Pacquiao, just go fight in Germany and tell us the big difference in pay he'll get.

jobs are only created when there is demand. there's no demand in the american economy because the average american has no money to spend. giving all the money to the rich didn't work and it will never work. they are sitting on 2 trillian in capital and twiddling their thumbs. this is why wealth disparity is such a big issue. adam smith himself was against the rich consolidating all the wealth, but who cares what he says right? what did he know about free economies? nothing! he was just a flo-mo! It's been shown time after time after time, that if and when all the wealth is divided up, that eventually the wealth will accumulate to those who had it originally (if they're still alive) or at least to the same sector. Stupidity cannot be regulated perfectly. We see this every single day. Even with such instant news communication people make the same mistakes all the time. Barnum was exactly right when he said there's a sucker born every minute. These days, it's every second. It seems that Barnum didn't say it, a competitor named Hannum did. They each had a "fossilized" "Cardiff Giant" and Barnum called the other one a fake. Hannum sued him, and then the rock sculptor confessed. So Barnum was found bot guilty. At least so the story goes. But is it coincidence that one is named Barnum and the other Hannum???

LMAO at these butthurt floydiots crying because Pac doesn't want to pay this too much taxes.

The people/corporations with unimaginable wealth have hurt the economy, I don't see how that can even be argued. First of all, tax rates on the top 1% have been at historic lows for a while. Yes, the rich are paying more of their income in taxes...but that's because their incomes have skyrocketed in the past 10 years. The rates themselves are still low in comparison to our history. We can argue over these new taxes or whatever, but there are massive corporations that profit billions of dollars a year and have no tax at all. They manipulate the system, hide trillions all over the place and, by avoiding taxes, deprive the rest of us from that part of the economy. 10% of the country owns about 60-70% of the wealth, does that sound like a recipe for success...us at each others throats over the remaining 30%? It's no wonder why racism, classism, and other ism's increase during recessions - when people have the perception that the other guy is taking food off their plate these tensions rise...in social psychology it's called Realistic Conflict Theory and it plays out all the time these days. It doesn't have to be like that. In what era in US history have the corporations and banks ever shown that they would happily contribute more to society if only all their transactions were free, no taxes, no regulation? They have always been at odds with the government and will always, for whatever reason, have people fighting for their "oppression." They get all the protections of the laws, use it acquire everything they can, tie up and influence the courts with all their lawyers, but don't want to pay into a society that offers them the best opportunity for success in the first place. Sorry for the flood below, but i think this is the easiest way to settle the matter... it is an extract from Forbes. Let’s look at the numbers. Using data from the Internal Revenue Service in 2009, the top 1% of earners, including individuals with incomes of $343,927 or greater, represented 16.9% of all income and paid 36.7% of all federal taxes. Their average tax rate was 24.01%. The top 0.1% who had incomes of $1,432,890 or greater represented 7.8% of all income and paid 17.11% of all taxes. Their average rate was 24.3%. If we assume that a secretary’s adjusted gross income falls between $32,396 and $66,193 in 2009, the average tax rate for that income group (which represents individuals in the top 25%-50% of all earners) was 5.56%. (The entire group of earners between the top 25%-top 50% earned 20.7% of all income and paid 11.0% of all Federal income taxes.