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

[brick wall]

floyd will pay the maximum tax rate for 2010 no matter what. same thing will happen in 2011 if he decides to fight pac that year. with the kind of money that floyd earns in just one fight, saving on taxes is out of the issue. he should be worrying about paying the right taxes at the right time or face another tax suit. taxes has nothing to do with floyd's decision to fight pac.

[check hook]

How about Floyd not fighting Pac until he drops the lawsuit ?

^^^^

that actually makes sense......i don't see how one fighter is going to fight another if that party has an active lawsuit against them seeking "punitive" damages. Even "if" Manny agrees to full OST and 40% i think it would still be an issue. I'm just guessing....we haven't heard anything about the status of this suit in some time. It stands to reason the fight won't happen unless it get's dropped-----> He's suing GBP, Floyd Jr, Sr etc-----> how the *** are they gonna come to a deal with that hovering over their heads??

[Statyk]

Good excuse to duck a fight!

[THE REED]

this is a new fiscal year, meaning he already got tax for fiscal year 2009.
the fight in november would go towards fiscal year 2010.

A Business's fiscal year can be set at the companys own discretion, so you don't know when the fiscal year for Mayweather Promotions would start or end.. Corporations can choose their own 52 weeks time period..

[oc9979]

A Business's fiscal year can be set at the companys own discretion, so you don't know when the fiscal year for Mayweather Promotions would start or end.. Corporations can choose their own 52 weeks time period..

Exactly, Fiscal year is ending any month except on December.

[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 ...

[Story]

^^^^

that actually makes sense......i don't see how one fighter is going to fight another if that party has an active lawsuit against them seeking "punitive" damages. Even "if" Manny agrees to full OST and 40% i think it would still be an issue. I'm just guessing....we haven't heard anything about the status of this suit in some time. It stands to reason the fight won't happen unless it get's dropped-----> He's suing GBP, Floyd Jr, Sr etc-----> how the *** are they gonna come to a deal with that hovering over their heads??

By being a man about it.

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

[Ragnar Lothbrok]

this is a new fiscal year, meaning he already got tax for fiscal year 2009.
the fight in november would go towards fiscal year 2010.

so in conclusion the tax excuse is just that an excuse not to sign the deal?

[Ragnar Lothbrok]

How about Floyd not fighting Pac until he drops the lawsuit ?

that's trivial when you think about the money floyd will make vs pac.

i think that lawsuit disappears if the fight is made.

[brick wall]

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 ...

paying taxes is every man's concern so what's your point? if he earns $50 million for fighting pac he will have to remit 35% of that to irs no matter what month or year the fight will be so i don't know how you can connect taxes with his decision to fight pac.