I bet if you were to investigate, Koncz has laundered millions from under Pac's nose, he is as shady as they come.
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ESPN Reporting: Manny Pacquiao In Financial Trouble... Wow
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Originally posted by billeau2 View PostI have said it before and will say it again: Every cent a boxer makes is earned income....When someone works a shift at MikkyD's the government knows exactly how much this individual is paid. On owner of a pizza restaurant buys a bag of flour and the IRS knows exactly how much pizzas will come out of that flour....the difference? the pizza owner gets some stuff written off and...he can work out ways to get more pizzas out of that flour. The worker has no such luck.
The compensation paid to an athlete is essentially the same as the fast food worker. When you make more money though....you pay a lot higher percentage. Pacquio, Floyd, James...they pay upfront about half of their income in taxes. Then comes the taxes we all pay....When Lebron James pays for his quart of milk he pays the 4-8% we all do to the state. When luxury goods are bought the percentage goes up.
So figure out how much Manny actually pays out in taxes and you will see that it is inevitable that he is broke. Its only a matter of time! When you allegedly make millions, you have to buy the right toys, give the IRS most of it, and never for a moment think that you may want to become a business owner, invest in REal Estate, or otherwise do something to save yourself...
Why? Well its beneath you. Listen... When I came in to some money and learned a little bit I became a landlord. Can you imagine a superstar becoming a landlord? haha Floyd don't do that!!!! You do sexy businesses like production companies, make music!!! All thngs where you pay everybody most of the money haha.
SEE HOW WE ARE BRAINWASHED?
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Originally posted by mathed View PostI bet if you were to investigate, Koncz has laundered millions from under Pac's nose, he is as shady as they come.
Laundering money is the act of "cleaning" dirty money by running it through the financial system.
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Originally posted by Davis40 View PostAthletes like floyd and manny have a loy of write offs to. Way more then the common man or a pizza store owner. Plus Manny don't even pay U.S taxes so there goes your theory. Plus the mayweathers and bhop i know for a fact all own rental properties.
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Originally posted by Davis40 View PostAthletes like floyd and manny have a loy of write offs to. Way more then the common man or a pizza store owner. Plus Manny don't even pay U.S taxes so there goes your theory. Plus the mayweathers and bhop i know for a fact all own rental properties.
If you replace hookers with strippers and buying elections with buying bentleys, that sounds just like some fighter I know. Except that guy makes much much more.
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Originally posted by billeau2 View PostOne can feed a lot of leeches....then turn around to leech a and say "no more leech A no more" Try saying that to the Tax Man.
Floyd told Arum to f---- himself, then he actually refused to give Arum a payday with Tatoo!!! and Floyd should rightly feel good about that.
BUT it won't prevent going broke. You go broke because to sustain the lifestyle, pay for the residual....i.e. the HOA fees on Floyd's condo, the property taxes, the schools, the social clubs, etc....while the IRS still cuts away, and then you find out you didn't pay enough to the IRS (notice how often that happens), well eventually you are left with no understanding of how things really work.
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Originally posted by -EX- View PostI just skimmed through the article and its all speculation...no finances listed, just a quote here and there...
It's ridiculous. The entire article was apparently constructed around 2-3 quotes from some random American guy who lives in the Philippines. And all that dude said was what everyone already knows. Incredible what can pass for journalism these days.
I wouldn't be at all surprised to see Pac blow through his money, in fact I've always felt that the Pacweather fight would happen down the road because both of them would eventually need the payday it will provide, but that article is pathetic. "ESPN Reporting"
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Originally posted by black_celph View Postand you know that how again what does Mayweather have to do with this? i can flip what you said and say only mannysexuals or pacqipaths love manny and it's true, you seem bitter in your post or sad about the sitution..Anywho
get mad at manny promotion and adviser he has a fight coming up so he'l be good
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Originally posted by Davis40 View PostNah bro, Flowmos are a real thing on this forum, Pac-t@rds is a word they made up to make themselves feel better about constantly ball sucking Floyd. They stole the NSB coined phrase for the old die hard Roy Jones fans. It used to be "Roytards" would say Roy Jones could beat anyone on earth no matter what. Thats where they stole it from. They had to invent something to rationalize Floyds constant ducking of fights with themselves so thats what they chose. Clever bunch that fanclub is I tell ya.
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