Floyd's Tax Issues Concerning Floyd vs Pac in 2010

[BuckToothed]

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



Correct, but makes no difference.



No.



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

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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
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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%

HAHAHA, funny how you had to explain that... what do you expect from people thinking 2000-2010 is a Decade.

BTW, why are these stans care what Floyd's tax requirement would be?!?! Like he'd pay them anyways, lol !!!

[THE REED]

Well actually you could make the argument easily that not fighting Pac this year will cost Mayweather millions of dollars.

For the sake of argument lets say that Pac and Mayweather each walked away with 30 million from this fight after all expenses and fees. (I dont know if thats realistic but that's not the point)

Well by not making 30 million dollars this year Floyd loses an entire year of his life where he can invest and make money off of that 30 million dollars.

Assuming Floyd is smart enough to invest in something which returns a solid 8-10% that 30 million dollars earned this year would already be worth 33 million dollars by the time he would have fought Pac next year.

So by waiting until next year Floyd is costing himself 1) About 1.2 million dollars he will lose to the tax increase and 2) About 2-3 million dollars in investment returns on his income. (depending on when/if it comes off)

All told the decision to wait until next year will cost Floyd anywhere from 3.2 to 4.2 million dollars.

It will save him $0 in tax payments over the same 2 year period.

We need more finance people in here.

I'd love to know what earns you a solid 8-10%..

I mean that sincerely.

CD rates for JUMBOs are at 1.29% right now.

Nothing is making anything unless you play the right stocks at the right time..


But regardless of all that, I hear you.

[Hitman932]

I'd love to know what earns you a solid 8-10%..

I mean that sincerely.

CD rates for JUMBOs are at 1.29% right now.

Nothing is making anything unless you play the right stocks at the right time..


But regardless of all that, I hear you.

8-10% (over time) is pretty much an acceptable standard for many mutual fund and retirement accounts.

Plus the more money you have the more access you get to lucrative investments.

Floyd could probably get his money into any hedge fund in the country with a single phone call, I'm sure they'd be happy to have his investment.

I'm not saying it's a sure thing. But it's certainly not uncommon to get returns like that especially when you have that kind of capital to start with.

[THE REED]

8-10% (over time) is pretty much an acceptable standard for many mutual fund and retirement accounts.

Plus the more money you have the more access you get to lucrative investments.

Floyd could probably get his money into any hedge fund in the country with a single phone call, I'm sure they'd be happy to have his investment.

I'm not saying it's a sure thing. But it's certainly not uncommon to get returns like that especially when you have that kind of capital to start with.

Not right now it isn't bro.

Matter of fact if you've been in a mutual fund for the last 10 years... you're lucky to be breaking even... and chances are, you won't be for awhile.

If you're talking over the course of 20 years +... then probably.

But nothing is earning you 10% on your money annually.. unless you hit the right stock at the right time.

[Hitman932]

Not right now it isn't bro.

Matter of fact if you've been in a mutual fund for the last 10 years... you're lucky to be breaking even... and chances are, you won't be for awhile.

If you're talking over the course of 20 years +... then probably.

But nothing is earning you 10% on your money annually.. unless you hit the right stock at the right time.

There are plenty of people making money right now and they would be happy to make it for Floyd if he gives them money.

I've made over 50% on MO in the past year and a half and returned a 6.5% dividend the whole time. Aside from MO, the rest of the tobacco stocks are up across the board as well. There are many industries that are making great returns right now after being beaten down for the past 5 years.

Floyd isn't investing his money 10 years ago, he is investing it today. There is plenty of money to be made with the NYSE down around 10K.

If you don't believe that fine, but don't act like everyone who starts a mutual fund today is going to lose money just because people lost money over the past couple years.

Investing is cyclical and that is why I said "over time".

Right now is a great time for anyone to invest their money. Anyone who says different is probably just salty from taking a serious hit to their 401K.

[THE REED]

There are plenty of people making money right now and they would be happy to make it for Floyd if he gives them money.

I've made over 50% on MO in the past year and a half and returned a 6.5% dividend the whole time. Aside from MO, the rest of the tobacco stocks are up across the board as well. There are many industries that are making great returns right now after being beaten down for the past 5 years.

Floyd isn't investing his money 10 years ago, he is investing it today. There is plenty of money to be made with the NYSE down around 10K.

If you don't believe that fine, but don't act like everyone who starts a mutual fund today is going to lose money just because people lost money over the past couple years.

Investing is cyclical and that is why I said "over time".

Right now is a great time for anyone to invest their money. Anyone who says different is probably just salty from taking a serious hit to their 401K.

Like I said if you can play the stock market correctly then it's possible but surely isn't gauranteed.

You said over time, and so did I...

Nothing is gauranteeing you 8-10% roi... except for certain real estate investments... good deals to be had right now on that.