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Floyd Mayweather Jr not making weight is a bad sign. He has never
had trouble making weight in the past.
had trouble making weight in the past.
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Its easy actually. Look at all the people that won the lottery and go broke. Its the lifestyle you become accustom to living.
Mayweather (if everything is true) is not the first or last person to have money problems. MANY people in America are in debt. Yes even millionaires. When your making millions and spending millions and then stop making the million but STILL spending the millions you tend to go broke. Especially in today's economy. Then again you cant beleieve .25% of what the media says....
Some people beleieve as if it was HARD facts. ****, the media and news is no different then the re-runs of the daily soap operas in days of our lives. Fiction, in a fiction world to get people out of there own boring lives to talk about other peoples problems....
Media/News is about selling people stories...... some people are gullible and actually believe what they hear and read is true! Crazy if you ask me. Its all entertainment. The news is evolving into entertainment. They are slowly but surly stepping into displaying entertainment over facts!Comment
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I know he's not the first or last millionaire to end up in debt. I just don't get it though. There are plenty that aren't ****** with their money though either. Like I've heard that you can live off 3 and half mill tax free, and you shouldn't have to work for the rest of your life.Comment
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True, people just get ****** with emotions when PBF talks about how much money he has. NO ONE really knows but him. Just because he owes 6 million don't mean a thing. People just get jealous or envy others success.
That would be no different than you owing 50K on a credit card and me calling you a BROKE ass. I don't know you. I don't know how much money you have or your money situation and how much you make a year. Of course people could talk and tell me this and tell me that but until your out on the street collecting change. I could care less what people say. Your 50K in debt and haven't asked me for cash so its all good! lolComment
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Math TIME!
Floyd makes 15 million for this fight.
Floyd will owe atleast 10% of that to his team so there goes 1.5 million
Take away 50% for taxes, there goes 7.5 million
The IRS is taking 5 million for back taxes.
Lets see what he is left with
1,500,000
7,500,000
+ 5,000,000
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14,000,000
15,000,000
- 14,000,000
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1,000,000
Floyd clears 1 mill for the fight, then he still owes the IRS 1.2 million in taxes that will continue to accumulate interest.Comment
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Actually one could live off the interest rate of a million dollars every year if you let it sit in the bank for the first year.
You wont have the "flashy" life style but you could make it work and live well. BUT that depends on the person. To someone that fly's just to get a coffee or have lunch on his or her own jet and spends thousands of dollars a day wont be able to live off that.
It all goes back to the lifestyle of people. Mayweather has been living in the fast lane with a lot of RICH people. When you stop making and continue to spend it will catch up to you. Unless your just godly rich.Comment
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Wait wait though. If you have more money you shouldn't have to be in as much debt. It's peoples own fault for wanting to live ridiculously. I'm not saying if I wasn't rich I wouldn't go a little crazy. But someone like me who only makes 60k a year and being in debt is different cause people in the middle class and lower struggle to get by just for paying house bills and ****. I'm not in debt I refuse to be. Paying off interest is ridiculous.Comment
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Where are people getting all these "facts" from??? Is an IRS agent and PBF's accountant on here chatting? I don't get it. Its cool and all because I don't care about money. At the end of the day he will have more money than most if not everyone on here. Plus I care more about happens in the ring. Not out. Out of the ring is all promotion and entertainment. Anyone that thinks otherwise are very unwise and probably enjoy "reality" TV and daily soap operas.Comment
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50 percent for taxes?Comment
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