Is pacquiao really broke?

[rayb112]

Good article on the subject

http://www.sbnation.com/longform/201...t-2013-profile

Thanks for the share...Indeed good article!

[megas30]

Here is the thing: either Pac has hidden offshore accounts for tax-evasion purposes, or he's using his promise to the typhoon victims has leverage, to pressure the Phillipine's government to release his frozen accounts.

It beats me to think Pac, being in this game so long, not knowledgeable of his earnings. How can you not feel you earned more than "$25,000" ? This just seem like one big tax evasion scam/government corruption about break open.

[kurt0411]

Oh i just did some research on it and no pac is not broke, juat his accounts got suspended till he pays 50 million, which he can afford to pay but doesnt eant to yet to provide proof or sth like that

[Godsfly]

a quick search indicates that a treaty exists that allows people to work and pay taxes in america without being taxed again upon return to the philipines.


evidently there's an issue the "proof" that manny is providing that would show a record of those taxes being paid.

i've never paid several million in taxes in one year, but that seems like a pretty easy problem to solve. i have to produce a tax return every time i want to borrow money, because i'm self employued. it's relatively easy. just show them your "'12's," and your "11's," which of course are the reports outlining the taxes you paid to the state and the fed for those years.


manny might have shoddy accounting, he might be stealing / cheating, and he might be the victim of a pinoy government that really needs money.


whatever the case, it's not a good look for anybody involved.

why can't people understand this..............their asking manny for a official IRS document showing that he payed those taxes to the u.s in the exact amount......the only thing they've gotten thus far is a letter from arum & hbo.

something is not right here...............

[Godsfly]

Revenue Commissioner Kim Henares, however, said that the only proof Pacquiao has given of his tax payments was a letter from promoter Top Rank and HBO of the taxes he has paid to the United States, but nothing from the U.S. Internal Revenue Service.

"That is self-serving and a mere scrap of paper," she said. "What he can do is go to the IRS, ask IRS to certify this copy (of his tax payments) as a true copy. We have been waiting for that for two years."

She said of 22 banks her agency has ordered to report on Pacquiao's accounts, only two said they held deposits for Pacquiao and that the total was only 1.1 million pesos ($25,200), which is now covered by the garnish.

"It is unbelievable to me that he has only 1.1 million pesos," Henares said.

[Carpe Diem]

Arum: "After his current contract expires in 2014, he'll be my slave for another 4-6 years."

[-MAKAVELLI-]

As in money wise? Obviously not skill wise

yup...he borrowed money from Rios to afford a plane ticket back to The Philippines