Floyd's Tax Issues Concerning Floyd vs Pac in 2010

[Ravishing]

It doesn't matter if he fights Pac this year or next.

He would be in the same tax bracket and pay the same percentage.

Whether he makes 50 Million this year and pays 35% and makes 50 Million next year and pays 35%... or he makes 100 million this year and pays 35%...

It's all the same.


Actually, there talking about increasing the highest tax bracket to 39% next year... so he would actually pay 4-5% more in taxes if for income he makes in 2011...

That would suck. But I mean in the sense where he does go along with the fight this year. If the fight doesn't happen this yr he's getting taxed on the Mosley fight alone which would be a load of his back (pause). Same bracket percentage, Yes, but more money to tax. That's basically the point I'm getting at. But it raising next year further lets me know we may only see Floyd fight once next year as well.

[Mr Punch.]

It doesn't matter if he fights Pac this year or next.

He would be in the same tax bracket and pay the same percentage.

Whether he makes 50 Million this year and pays 35% and makes 50 Million next year and pays 35%... or he makes 100 million this year and pays 35%...

It's all the same.


Actually, they're talking about increasing the highest tax bracket to 39% next year... so he would actually pay 4-5% more in taxes for income he makes in 2011...

Excellent post. You have just killed an excuse Floyd's die hards fans are looking for

[THE REED]

That would suck. But I mean in the sense where he does go along with the fight this year. If the fight doesn't happen this yr he's getting taxed on the Mosley fight alone which would be a load of his back (pause). Same bracket percentage, Yes, but more money to tax. That's basically the point I'm getting at. But it raising next year further lets me know we may only see Floyd fight once next year as well.

Please re-write that.

[Ravishing]

...LOL and again guys, I'm not defending Floyd. Just playing Devil's Advocate. I welcome the debunking lol.

[FLY TY]

like dude said, that argument doesn't stick.


it doesn't matter WHEN the fight takes place, he'll get taxed the same percentage.

[FLY TY]

basically, the only thing that gets floyd outta this, is if arum offered a bull**** contract, that didn't meet floyd's requirements....

but floyd hasn't said that, all he has said, is he has no interest in fighting manny right now. he did 6 months ago tho.

[Ravishing]

Please re-write that.

In simple form...

Mayweather stands to pay more taxes in 2010 fighting both Mosley and Pacquiao as opposed to if he only fights Mosley this year, correct? The tax bracket doesn't increase, but he has more income to tax as opposed to just the 1 fight with Mosley, correct? Wouldn't he be paying less taxes not fighting Pac this year being his income wouldn't have skyrocketed with yet another fight where he makes an extra $50-60 mill to tax?

[Pullcounter]

c'mon man. stop w/ the excuses. next excuse ***** is gonna give us is that floyd can't fight pac because he's been abducted by predators.

[THE REED]

In simple form...

Mayweather stands to pay more taxes in 2010 fighting both Mosley and Pacquiao as opposed to if he only fights Mosley this year, correct?

Correct, but he also stands to MAKE MORE... so it is irrelevent.

The tax bracket doesn't increase, but he has more income to tax as opposed to just the 1 fight with Mosley, correct?

Correct, but makes no difference.

he be paying less taxes not fighting Pac this year being his income wouldn't have skyrocketed with yet another fight where he makes an extra $50-60 mill to tax?

No.



I don't think you understand what a percentage means.

-----------------------------------------
Hypothetical - A

2010 - Shane Mosley

40 Million @ 35% = $14,000,000 In Taxes


2010 - Manny Pacquiao

50 Million @ 35% = $17,500,000 In Taxes

Total In taxes if he fights Mosley and Pacquiao This Year= $31,500,000
-----------------------------------------

Hypothetical - B

2010 - Shane Mosley

40 Million @ 35% = $14,000,000 In Taxes


2011 - Manny Pacquiao

50 Million @ 35% = $17,500,000 In Taxes


Total In taxes if he fights Mosley this year and Pacquiao Next Year= $31,500,000


**Given they do NOT increase the highest tax bracket to 39%

[RL_GMA]

In simple form...

Mayweather stands to pay more taxes in 2010 fighting both Mosley and Pacquiao as opposed to if he only fights Mosley this year, correct? The tax bracket doesn't increase, but he has more income to tax as opposed to just the 1 fight with Mosley, correct? Wouldn't he be paying less taxes not fighting Pac this year being his income wouldn't have skyrocketed with yet another fight where he makes an extra $50-60 mill to tax?

LOL you dug yourself a whole with this one (especially on this site).

Though IMO it's a **** excuse being you're supposedly making a ****load of money anyway through other ventures, he'd obviously have to pay more taxes with a 2nd fight this year. The tax bracket is 35% and it won't change no matter how much money Floyd makes, but the more he makes obviously the more he's gonna pay based on that same percentage (keep in mind, he's also making more money). He's not gonna make $300 mill and still pay the same as he did making only $400K, if that's the point you're trying to get at.