Comments Thread For: Chart: Floyd Mayweather is Easily Highest Paid Athlete

[damned1974]

yippieeeee! Woo woo woo. To bad money doest make you the best. Or the baddest man in the ring. He ducks those.
His money pays his way to protect his 0. Should change the title to highest paid cherry picker!

At least he isn't getting beaten or ktfo by fighting smaller guys like your idol! BTW-Rios is the biggest cherry pick ever.

[Almondsand]

People are forgetting that this is the pre tax figure and not take home money. Floyd gets taxed at rate of 39 percent. This means that from his $32 mil purse for the Guerrero bout what he actually took home was around 20.5mil. Then minus another 2-3 mil or so for training expenses, cut man, trainer, etc. Floyds take home was around 17mil for that bout. I didn't factor in ppv revenue because I refuse to believe Espinosa when he says the fight did over a mil when tthere's about 3 different sources claiming that it didn't even come close.

All in all, still a tremendous payday for 1 night.

Factor that 39% in when he has his own non-profit charity organizations... LOL

[Infamous]

Please friend rich people dont get taxed at 39%. Thats why warren buffet says his secretary pays more in taxes than he does. My bet is floyd gets taxed around the same rate as mitt romney...15%. There is a reason most pro athletes are **********s. And they carry a lot of pre tax deductions which further reduce their tax liability. The uber rich play at a level most of the regular people cannot comprehend.

****! ****! This is why ********s keep screaming "the 1% should pay their fair share."

[radioraheem]

Thanks for clarity G....ingenuine wasn't the right word there...I more meant like the general population - when they read this headline on yahoo's most read-or whatever site, that most are probably not aware of how much comes off the top immediately- aside from the IRS....all just chump change anyway right?- just a day on the ol' dice for this boxing fan....ha

I hear what you saying. But the general population are generally dumb when it comes to financial matters anyway. So yeah, when articles talk about salaries, revenue, etc, they rarely talk about the related expenses. It's all positive to give the reader a high (like wow). They'll only write about the expenses if the athlete or company is let's say bankrupt, close to it, or losing a whole lot of money. They either shoot you up with a syringe, or they shoot you down with a bazooka.

That's just how it is... Only the financially educated are going to read that and see the invisible fine print.

[keyz3r0]

Is this to cover up the low ppv buys of the fight lol?

[Deevel916]

Please friend rich people dont get taxed at 39%. Thats why warren buffet says his secretary pays more in taxes than he does. My bet is floyd gets taxed around the same rate as mitt romney...15%. There is a reason most pro athletes are **********s. And they carry a lot of pre tax deductions which further reduce their tax liability. The uber rich play at a level most of the regular people cannot comprehend.

What you're talking about is capital gains tax. Floyd doesn't have that privy when it comes to the irs. His boxing income isn't a result of business investments. Romneys were. Floyd is getting taxed at a rate of 39 percent.

[APBrooklyn]

Well in any case...however Floyd manipulated the system/media he did it right because he deserves to be highest paid because of the highest life-risk sport played in the big money game category

[MayMosPeaHop]

What you're talking about is capital gains tax. Floyd doesn't have that privy when it comes to the irs. His boxing income isn't a result of business investments. Romneys were. Floyd is getting taxed at a rate of 39 percent.

The bold is exactly where you are wrong. FMJ's fights are his business investments. There is no way FMJ is paying $39% and has a corporation. Even without a corporation the numbers can be twisted and moved around to keep more of your money. Capital Gains is one way to hide money, but just like Mitt Romney, I am sure FMJ has off shore accounts and other investments. Mitt Romney did not pay a 15% tax rate just off capital gains and neither does Warren Buffet. FMJ was cut a check for 32 million after the fight up front to himself not to his company(Mayweather Promotions). Not even that 32 million will be taxed at 39% . I am in the 28% tax bracket and I do not pay 28%. The more money you make = the more you should keep in this country with all the loop holes.

[Deeznuts]

Good for you Floyd now please give us some legit fights that we boxing fans actually want to see and not casual fans who don't know anything about boxing other than Floyd and Money

[Me La Pelan]

nobody in MMA on the list??? them Zuffa boys are making a killing with them casual fans!!! That is why it will NEVER surpass Boxing!!!