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

[check hook]

here it comes... *****s super genius researches......

floyd hasnt even declined and theyre on a roll searching for excuses already ... its like they already knew from the bottom of there heart that floyd will say "NO"

^^^^


Hey Reed......your a *****

[oc9979]

this is how the tax table works on page 89 on the 1040 intructions http://www.irs.gov/pub/irs-pdf/i1040.pdf
anything over $372,950 is multiply by 35%, and from the result you subtract by $22,316.50

For example if he makes
$20,000,000.00 X %35= $7,000,000
7,000,000-$22,316.50=$6,977,683.50

Floyd would pay $6,977,683.50 in taxes if he made 20 millions
Also, you have to take into consideration that he is a self-employed. So he will deduct trainers fees, security fees, transportation, cutman, money donated to charity, mortgate, and etc.

[Kagami Taiga]

u guys, dnt even try to understand taxes by looking at it online. i took a semester of tax law and still there are some advanced formulas i cant figure out. basically what u shld no is that floyd doesnt only have to worry about peronal income taxes. he also has his own companies that make money of of his boxing profits and those are taxed as well. i dunno how he splits his income between himself and his buinesesses but im sure if he has a tax issue, it wasnt him who came up with that idea. he's not smart enuff to. trust me.

[check hook]

How could brokeweather pay too much tax.....he is broke...he don't have money.....stupif *****s

[SkillspayBills]

Sigs got me started, couple hundred k, couple hundred k there... major betting jumped me up though...

All I know is... my interest is reachin 22 mill now

This ****er Reed had to have made 100's of mill of Ispayder alone. That guy doesn't take losing a bet for an answer lol.

[Calilloyd]

Your post was a question, are you blind and senile as well?

It's best to stop before making a bigger fool out of yourself than you already have. You're just digging a deeper hole to fall into.

[oc9979]

u guys, dnt even try to understand taxes by looking at it online. i took a semester of tax law and still there are some advanced formulas i cant figure out. basically what u shld no is that floyd doesnt only have to worry about peronal income taxes. he also has his own companies that make money of of his boxing profits and those are taxed as well. i dunno how he splits his income between himself and his buinesesses but im sure if he has a tax issue, it wasnt him who came up with that idea. he's not smart enuff to. trust me.

Easy, the company has an EIN and his personal has the SSN.
If the company is a
corporation he has to file 1120
partnership file 1065
sole proprietorship files 1040 schedule C.

Plus one of the way to look tax information is online. All the publications and tax laws are in the irs website.
Where do you think the people that work at the IRS get their information from??
From publications online. The problem is that not many people take the time to read them.

[Ragnar Lothbrok]

i think once you get inot 9 figures it raises..i could be wrong tho..i also am no tax expert(hell i dont even pay them)

reported.




no wonder you like floyd. is wesley snipes your favorite actor? pete rose your favorite baseball player?

[nujabes77]

lol at the excuses

[the point giver]

What the discussion over the top marginal tax rate ignores, however (and what Ygelsias picks up upon) is that this rate has been assessed at very different thresholds of income. In 1940, for example, the top marginal tax rate was 81.1 percent -- but this rate only kicked in once you made $5,000,000 or more in income, which is equivalent to about $75,000,000 in today's dollars.

But today, the threshold where the top tax bracket kicks in isn't $75 million, or $5 million, or even $1 million ... it's a mere $357,700.

Reed it's essentially a 1099, which is essentially having your own business so it's a % of income not a flat dollar amount so he will pay much much more than that.

He literally would pay over 10 million in taxes if the fight does what I think it would.