Floyd Mayweather Sr: "The Fight Will Happen Next Year, Didnt Happen Now Because..."

[The Comedian]

Since Floyd is Single and not married and his income is $373,651+ he would get taxed 35% of his income at his tax bracket.

Lets say he made $50 million for each fight

If both were fought this year it would be $100million - Taxes = $65,000,000

Fought once this year and once next year

2010 $50million - Taxes = 32,500,000
+
2011 $50million - Taxes = 32,500,000
=
$65,000,000

Hmmm Im not a genius or anything but the numbers in the bold look the same

[the gent]

Even in text, FM sr. needs subtitles for this jibberish...

[FLY TY]

This is bull****.Floyd is already earning over $373 650 and so his tax rate is the same regardless of whether he makes $60m or $120m.Besides there are various ways of reducing your tax liability without foregoing your income.I doubt very much that Floyd operates without limited liability because he chooses whether to fight or not.What makes it worse is there is no guarantee that Pacquiao will get past Margarito to set this fight next year so if Pacquiao gets beaten there wont be as much demand for Mayweather Pacquiao.There are other reasons not this stuff Floyd Sr is talking about.

this^^^


i'm not buying that "tax" **** either......

why everybody seems to be lying about this whole situation, beats me...

[Shadow boxer 3]

" allen green is green, not like money green but a piece of **** green. " Floyd sr. LOL !!!!!!

[GT-R]

Since Floyd is Single and not married and his income is $373,651+ he would get taxed 35% of his income at his tax bracket.

Lets say he made $50 million for each fight

If both were fought this year it would be $100million - Taxes = $65,000,000

Fought once this year and once next year

2010 $50million - Taxes = 32,500,000
+
2011 $50million - Taxes = 32,500,000
=
$65,000,000

Hmmm Im not a genius or anything but the numbers in the bold look the same

floyd should hire you.

[ForemanGrill]

Since Floyd is Single and not married and his income is $373,651+ he would get taxed 35% of his income at his tax bracket.

Lets say he made $50 million for each fight

If both were fought this year it would be $100million - Taxes = $65,000,000

Fought once this year and once next year

2010 $50million - Taxes = 32,500,000
+
2011 $50million - Taxes = 32,500,000
=
$65,000,000

Hmmm Im not a genius or anything but the numbers in the bold look the same

It's possible that the rate will increase next year to 39%. If that does happen, it could look like this:

2010 $50million - Taxes = 32,500,000
+
2011 $50million - Taxes = 30,500,000
=
$63,000,000

If this is true, then he'll actually make less money by delaying the fight until next year. So I'm not sold on taxes being the reason that the fight wasn't made. There could be other factors that we don't know about, but since we don't know about them, we can't really factor them into the equation.

[Deevel916]

According to the I.R.S, anyone in the US making over $373,560 is taxed 35%. So whether u make $100mil, or $500k, the tax rate stays the same.

[-MAKAVELLI-]

this^^^


i'm not buying that "tax" **** either......

why everybody seems to be lying about this whole situation, beats me...

you dont know?

here's a guess: Team Mayweather and GBP are trying to find the best ways not to look like vaginas as Floyd has indicated that he doesnt want to fight PAC

[jonesy]

Even floyd Sr. admitted it "He's the man, pacquiao is the man"

[brick wall]

it pains floyd to part ways with 35% of his earnings and he's probably thinking that he's being duped by the american government lol. such greed and yet too ignorant of the law. floyd should hire an accountant or a tax advisor maybe...that too comes with a cost but at least the benefits are so much higher than spend $50,000 for an ipod