Mayweather Reaches Agreement With IRS on Debt

[BIGPOPPAPUMP]

Floyd Mayweather Jr. is making some moves to cut down his debt. Keith Kizer, executive director of the Nevada Athletic Commission, told the Grand Rapids Press that an agreement is in place between Mayweather and the IRS to settle the boxer's tax lien. The IRS has a lien against Mayweather in the amount of $6.1 million dollars. [details]

[UncleSam]

how do you ****ing owe IRS 6 millions dollars is beyond me..
mayweather must have made a lot of money to owe IRS that big..

[DE100]

Why does it always seem the IRS news comes from Grand Rapids news outlets? or im I wrong. Oh well.

[southpaw_07]

oh maan..how much is the purse worth for the fight, considering he agreed them to take $5 million from it...

[Ekscape]

I think Floyds gonna make 15mil last I read

[Dan Cohen]

how do you ****ing owe IRS 6 millions dollars is beyond me..
mayweather must have made a lot of money to owe IRS that big..

The way to owe the IRS $6 million is to earn $20 million and be a ****** and not pay one cent in taxes on it until the IRS comes knocking on your door. All Floyd has to do is hire an accountant to automatically pay the taxes as he receives his earnings and IRS would be off his ass.

[leonthegee]

the NAC can just tell a reporter somebody elses personal business like that. personally i think thats a ****ed up thing to do.

[Al Haymon]

how do you ****ing owe IRS 6 millions dollars is beyond me..
mayweather must have made a lot of money to owe IRS that big..

Floyd made about $45-50 million dollars in 2007.

Figure the highest tax bracket,.... and there you go.


Julio Cesar Chavez owes 13 million...and he isn't making big checks.

[Al Haymon]

The way to owe the IRS $6 million is to earn $20 million and be a ****** and not pay one cent in taxes on it until the IRS comes knocking on your door. All Floyd has to do is hire an accountant to automatically pay the taxes as he receives his earnings and IRS would be off his ass.

Well, no.

The way to fo it is to have the accountant hold the money in an interest-bearing account until the last minute before you go delinquent and the IRS levies fees and interest.

The interest on 40 mil is alot of money. I'm not giving that away.

[DonTaseMeBrah]

Mr.counterfeit cash needs to start saving money so this doesnt happen again. He needs to employ a whole lifestyle change;


Not this:


But this: