Pacquiao's net assets only total 26 million, how is that possible?
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A fighter is lucky to walk away with 1/3rd of their actual purse by the time the taxman and expenses are paid.
You also have to take into consideration tax shelters and other investments that will not show their true net worth.
It would not surprise me if Manny had at least twice that amount is total assets. It is just for higher income holders, hiding some of that income till far into the future is a must. Now I am not sure what sort of income laws are in place in the Philippines, but depending on what they are, Manny could end up being double taxed since he has to pay some US taxes and probably some taxes for money he brings into his own country.
It is the same way for people saying Floyd is always broke. Yes Floyd is careless with his money, but I guarantee you he has money stashed away in some shelters also.Comment
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This coming from someone who pro never been there. I 've travled all over the phillipines idiot. I was there for 3 years. Googling will only take you so far. I've actually seen the world first hand not from a computer. Most of the phillipines is slum, i'd say 80% is run down 3 world country ****. Some parts was so bad we were not allowed to venture to. Again you dumb idiot!! internet wanster! Im in my 30s and I've been around the world twice, you name it I've been there or very very close. Can you say the same internet wanster? I speak from experince therefor no one can run some bull**** on me. I promise you no matter where your from or your people, I bet I know more about your home, meaning state, city, or country than you do.Comment
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Well, yea. I don't get that part either. Which is why I stay out of the "who makes the most money" talk.One guy keeps spending the money quicker than he can make and refuses to pay taxes an resolving legal issues, the other spends it on **********s, giving it away to Pinoys in poverty and getting screwed out of the money from members of his team.
5 years after they're done fight they won't have any money.
So I don't get the bickering back and forth between both fan bases on who has what in terms of money.Comment
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Fixed for you!A fighter is lucky to walk away with 1/3rd of their actual purse by the time the taxman and expenses are paid.
You also have to take into consideration tax shelters and other investments that will not show their true net worth.
It would not surprise me if Manny had at least twice that amount is total assets. It is just for higher income holders, hiding some of that income till far into the future is a must. Now I am not sure what sort of income laws are in place in the Philippines, but depending on what they are, Manny could end up being double taxed since he has to pay some US taxes and probably some taxes for money he brings into his own country.
It is the same way for people saying Floyd is always broke. Yes Floyd is careless with his money, but I guarantee you he has money stashed away in some shelters of frozen turkeys also.Comment
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Where did you get this info? All this story about Pac with ********** were just purely gossip just like the crackedhead family accusing Pac was on PED without any evidence. This doesn't make any sense at all when all these models and actresses throwing themselves in any sight when they see Pacquiao in Philippines. Pac has power, fame and money like magnet to attract young pretty girls of his liking. Spends money on **********s?One guy keeps spending the money quicker than he can make and refuses to pay taxes an resolving legal issues, the other spends it on **********s, giving it away to Pinoys in poverty and getting screwed out of the money from members of his team.
5 years after they're done fight they won't have any money.
So I don't get the bickering back and forth between both fan bases on who has what in terms of money.Comment
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