Floyds "tax issue" for the year, for possibly not fighting in 2010?

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  • check hook
    Gay Pride
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    #81
    Originally posted by Story
    By being a man about it.

    Why do I always feel like Floyd's fans don't want this fight ?


    I don't know...why do you?



    as for the part in bold.....why couldn't Manny "be man about OST" back in Jan??

    why do i get the feeling posters like you all have an IQ below 100?

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    • THE REED
      Sixty Forty
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      #82
      Originally posted by Horus
      in the case of mayweather, he has a legitimate reason to be concern about taxes
      he just had to pay 8 million in back taxes + 35% in sep. And had to pay 35% in may for mosley.
      so considering his circumstances you can not blame him
      for being concern about more taxes. So it is understandable ...
      No it isn't . If he fights PAC in November he pays 35%. if he fights PAC next yr 2011, he pays 35%. Floyd reaches both the personal and corporate ceiling tax brackets in just one fight.

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      • Ragnar Lothbrok
        Banned
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        #83
        Originally posted by reedickyaluss
        No it isn't . If he fights PAC in November he pays 35%. if he fights PAC next yr 2011, he pays 35%. Floyd reaches both the personal and corporate ceiling tax brackets in just one fight.


        so the tax excuse is not legit then reed?




        could this turn into the spin off version of a boat is not a investment thread?

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        • Story
          Am I free to go ?
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          #84
          Originally posted by check hook
          I don't know...why do you?



          as for the part in bold.....why couldn't Manny "be man about OST" back in Jan??

          why do i get the feeling posters like you all have an IQ below 100?
          He's being a man about it now. How about your boy Floyd?
          Take his balls out of your throat dude it's disgusting.

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          • brick wall
            Undisputed Champion
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            #85
            Originally posted by reedickyaluss
            No it isn't . If he fights PAC in November he pays 35%. if he fights PAC next ur 2011, he pays 35%. Floyd reaches both the personal and corporate ceiling tax brackets in just one fight.
            that's not a sure thing...if mayweather promotions is a registered business entity it may even end up with a net loss for the year and doesn't have to pay taxes. it all depends on how much income they earn against their total expenses.

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            • THE REED
              Sixty Forty
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              #86
              Originally posted by Clayton Bigsby
              so the tax excuse is not legit then reed?




              could this turn into the spin off version of a boat is not a investment thread?
              Lol... In a lot of cases it's smart to make a little less one year and stay in the smaller tax bracket. Even though you earn a bit less you end up with more due to the percentage you owe based off how much you make.

              For Floyd.. He is the 2nd highest paid athlete in the us. Floyd reaches the max tax brackets with just one fight.

              Earning a bit less in a year for Floyd will do no good since he is clearing the highest bracket by such a large margin

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              • THE REED
                Sixty Forty
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                #87
                Originally posted by brick wall
                that's not a sure thing...if mayweather promotions is a registered business entity it may even end up with a net loss for the year and doesn't have to pay taxes. it all depends on how much income they earn against their total expenses.
                While that may be true there is a limit on the amount of expenses you can write off. With the type of cash these fights are pulling in, it is without a doubt they are clearing the mark..

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                • check hook
                  Gay Pride
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                  #88
                  Originally posted by Story
                  He's being a man about it now. How about your boy Floyd? Take his balls out of your throat dude it's disgusting.





                  I prefer to wait and see before i make comments based on information we don't know is even true.


                  Do we even know Floyd wants 60%?? Do we know what compromise was reached (if one was) for OST? Do we know what terms Floyd is looking at right now?? Do we actually know anything at all??????? The answer is no.....we can just speculate.......


                  i had one point and one point precisely. It makes little sense that 2 parties are going to come to any mutual agreement whilst one of the parties is suing the other. You, being a dumbass automatically assume this observation is tantamount to me not wanting to see this fight. ......and i'm the one with balls in my mouth??

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                  • THE REED
                    Sixty Forty
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                    #89
                    Originally posted by Story
                    He's being a man about it now. How about your boy Floyd?
                    Take his balls out of your throat dude it's disgusting.
                    Take the personal insults to the dome.

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                    • JOM'S
                      MANILA ICE
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                      #90
                      all this talk, I am very optimistic and imho maybe the fight is already done, and we know floyd, adding some more drama before the big announcement ...

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