Floyd Mayweather Jr owes $6.2 million in federal income taxes - COMEBACK INEVITABLE ?

[MikeBrew328]

yea and the average income for those 39 fights prior to the last few megafights was probably not even 1 million dollars. factor in million dollar sports cars and homes and ***elry and what you have left is not that much $$

His net worth is over $150 Million

[MOREBASS]

I agree. He knows how to be a PPV fighter, from the pre-fight demeanor to the postfight conferences... You can see that now...De La Hoya-Pacquiao wasn't close 2 Mayweather.

Why does everyone act like Floyd has been a huge draw his entire career ?


He was never really that popular or rich until he fought Oscar !

Did you all forget that this man couldn't even sell out an arena in his own hometown ?


As for De La Hoya-Pacquiao, of course not, do you read the news ? The ecomomy here in the US is at its worst point since the Great Depression !

[Eric Holder]

this story sounds familiar

[Mr. Philadel]

http://www.nowboxing.com/2008/12/flo...-income-taxes/

Floyd Mayweather Jr owes $6.2 million in federal income taxes

December 24, 2008 · Filed Under editorial, featured

According to Robert Snell in his Tax Watchdog Blog, public record shows Mayweather Jr owes Uncle Sam big time.
From theTax Watchdog:
What’s owed:

* The IRS filed a $6,165,735 lien against Mayweather for unpaid incomes taxes on Oct. 9 in Clark County, Nev. He owes the money from 2007, according to the Clark County Recorder’s office.

This could be the reason Floyd Mayweather Jr has shown some interest again for a big money fight and no tune up. According to his Advisor Leonard Ellerbee, Floyd gave him the go ahead to look for the best fight possible.
This comes as no shock to boxing fans especially the way Floyd Mayweather Jr supposedly spends his cash and throws out Benjamin Franklin’s to crowds at the clubs and parties he attends. Floyd throws money away like it grows on trees, unless it counts as a tax deduction it makes no real sense to me.
The biggest possible fight right now would be a fight with Manny Pacquiao who holds the title of pound 4 pound best boxer in the world, a title that Floyd held before his retirement. But from the looks of it that fight has to wait because the word on various boxing sites is Ricky Hatton vs Manny Pacquiao is almost a done deal for May 2, 2009. Floyd will probably face the winner of that bought.

I don't think 6 mill is gonna hurt Floyd.......he's still spendin' money from the Zab fight .....Floyd is Rich *****!

[Fulcrum29]

His net worth is over $150 Million

1. where did you get that info, source please?
2. as someone else said, most stars have their money tied up in investment and property and that gets calculated into networth whereas his actual capital is probably not even one fifth of that. that means if he owes 7 million in CASH for taxes he might not even have that much cash in the bank account laying around. in all fairness i'm sure he does but i'm also sure it's no where near 150 million or even half of that

[Soda Popinski]

1. where did you get that info, source please?
2. as someone else said, most stars have their money tied up in investment and property and that gets calculated into networth whereas his actual capital is probably not even one fifth of that. that means if he owes 7 million in CASH for taxes he might not even have that much cash in the bank account laying around. in all fairness i'm sure he does but i'm also sure it's no where near 150 million or even half of that

On top of this, if he doesn't have the cash to pay a 6mil tax bill then he'll have to liquidate some of his assets or basically sell them off. And guess what.... he'll have to pay taxes on the money that brings in too (which won't be jack **** compared to 6 or 7 years ago). Just to generate a 6mil lump of cash free and clear will probably cost him 10-15mil after it's put through the wringer. And that's if HE does it himself right now.

The cherry on top is that the tax bill will collect interest. So if he neglects to pay the bill now, the IRS will seize his assets and auction them off which by the time they get around to it that 6mil could be in upwards of 10mil. Then his assets being auctioned will probably generate half of what they would if Floyd had done it himself, and that's if he's lucky. So that equates to Floyd losing at least twice what he would if he'd just ****** it up and paid it now.

The tax man is not to be ****ed with. The list of celebrities that the IRS has made examples of is a mile long.

[MANGLER]

He's rich enuf to easily afford that.

[King Jaffe Joffer]

Are some of you people ******? Look at it like this..

Floyd spends money like water:

He's taking care of his family, friends, and himself. Cars, ***elry, making it rain, strippers, bodyguards, lawyers, unsuccessful record company, charity events and his entourage..Thats a lot of money

Floyd has no real income right now, he aint generating money..

His money is like a water well.. After the Hatton fight it was filled.. Now its draining without being refilled, and 6 million is a lot of ****ing gallons to take out. Floyd didnt start making real money until the Oscar and Hatton fight. You guys do know Floyd only brings home 70% of his purse if he's lucky

[potatoes]

He's rich enuf to easily afford that.

I heard him on a TV interview say that he was going to make 170 million this year. He didn't say how.

[!! Shawn]

That's really not a lot of money. He has a lot more than that.

It adds up. Floyd lost, not spent about $15 million in 2007. Floyd might have money, but he does not have enough money to lose $15 million a year in retirement. 15 million is just what he lost, as in taxes, getting robbed, lawsuits, etc... now add in all the money he spends... He would go broke in about 4 years.