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

[check hook]

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 ...

You could be right. fingers crossed.

[brick wall]

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..

promoters work on commissions so only a portion of floyd's purse goes to mayweather promotions. i'm not even sure if they are actively promoting other fights right now aside from floyd's so their source of income is limited. and with regards to expenses there is no limit to what a company can charge as long as it is allowed by irs and you can substantiate with official receipts. and also, in business taxation there is only one tax rate so it doesn't matter how much is your net taxable income unlike in individual taxation where tax rates is progressive...the more you earn the higher the tax rate.

[Story]

Take the personal insults to the dome.

I only insult those who insult me first.

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??

Ok let's wait and see then. I've already made my prediction.

[Philrick]

yaya der goes da excuses!!

ya ya der goes da excuses!!! floyds fans are so good dat dey already makes excuses for him,great followers...ur just like ur idol..... A WHOLE BUNCH OF **** N LOSERS!!!!!!!!!!! hehe

[Castor_Troy]

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.

WTF?? Stop jumping in without reading.


The Threshold/Limit for Tax brackets is peg at less than $1M.

It ****ing doesnt matter TAX WISE if the fight happens now November or next year.

DAMN i think you still defend Floyd even if he's the number 1 suspect of murdering 1 of your relatives. dammit.

[THE REED]

promoters work on commissions so only a portion of floyd's purse goes to mayweather promotions. i'm not even sure if they are actively promoting other fights right now aside from floyd's so their source of income is limited. and with regards to expenses there is no limit to what a company can charge as long as it is allowed by irs and you can substantiate with official receipts. and also, in business taxation there is only one tax rate so it doesn't matter how much is your net taxable income unlike in individual taxation where tax rates is progressive...the more you earn the higher the tax rate.

No that isn't true there is corporate tax brackets as well which I've already discussed.

[Bennett]

The cap I thought was as high as 49%.

[TheMagicMan]

actually I do work with taxes and it would be beneficial for Floyd to figth this year as opposed to next as that top tax bracket is expected to go up from 35%.

[THE REED]

actually I do work with taxes and it would be beneficial for Floyd to figth this year as opposed to next as that top tax bracket is expected to go up from 35%.

I heard they were thinking of going to 39%...

[Deevel916]

Reed can u please expose who came up with or is agreeing with this silly excuse?