Comments Thread For: Arum's Statement on Manny Pacquiao's Tax Issues
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anyone who wishes someone goes broke is a pathetic hater,seriously that is beyond being a fan...dude has a family, and a child on the way..what the hell did he do to you? what joy do you get from him fighting since he was in his teens and making it from being poor? i see people in this thread actually hoping he is broke?? that means you hope people took advantage of him and came up?? all this man wanted to do damn near his whole life was fight!!!! period Manny will fight anyone...no he is not smart....period he is not...he is like a homeless dog....but damit they are loyal...dude will damn near die for you if he trust you thats why he stays with a snake like Arum....He reminds me of Tyson in the essence..but never will i wish him to be poor HE HAS EARNED HIS DAM MONEYComment
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You guys are all missing the point. The truth is that no business actually pays 30%.
Bob obviously told pac that he needs 30% off the top of every fight to pay taxes because pac is sorta simple. The truth is that they are probably paying more like 10 or 15% after deductions, which is why they are probably stalling.
Its not really lying to PAC since bob could always say "hey we could get audited and thats why we need to hold on to this next 15%"
I know a lot of wealthy guys and they have a lot of "expenses"
Flights, gym, limo, food, clothes, housing.....damn pax probably could get more than 15% in deductions.Comment
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Look at what we know now, Floyd and Oscar left him and refuse to do business with him, That vision quest company that was hired and subsequently fired at the behest of Koncz and Arum, the said Pac was Low on money and was having to borrow money from Arum between fights, Freddie Roach said he feared Pac would end up fighting longer than he needed to because he was Broke or very low on cash, and then this comes up. This is not about Pac and Floyd its about a great boxers getting screwed by his promoter, which is nothing new. I hate his fans but I have nothing but love for that Man for what he's done. I really hope everything works out for him and his family. And remember his fans always kept talking about hoping Floyd ends up broke. Karma. But Pac needs to leave arum because there isnt any reason in the world that he doesnt have atleast close to what Floyd has in terms of Money. Just on his last three fights he should have money to spare if he was paid what Arum claimed. I talk **** about him because of his fans annoyance but unlike them I dont wish this on ANYONE who has worked so hard to accomplish so much. Keep your head up Champ.Comment
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Look at what we know now, Floyd and Oscar left him and refuse to do business with him, That vision quest company that was hired and subsequently fired at the behest of Koncz and Arum, the said Pac was Low on money and was having to borrow money from Arum between fights, Freddie Roach said he feared Pac would end up fighting longer than he needed to because he was Broke or very low on cash, and then this comes up. This is not about Pac and Floyd its about a great boxers getting screwed by his promoter, which is nothing new. I hate his fans but I have nothing but love for that Man for what he's done. I really hope everything works out for him and his family. And remember his fans always kept talking about hoping Floyd ends up broke. Karma. But Pac needs to leave arum because there isnt any reason in the world that he doesnt have atleast close to what Floyd has in terms of Money. Just on his last three fights he should have money to spare if he was paid what Arum claimed. I talk **** about him because of his fans annoyance but unlike them I dont wish this on ANYONE who has worked so hard to accomplish so much. Keep your head up Champ.
Yup i agree,Floyd was reported to have 123 million dollars in the bank before the Canelo fight,and that`s a result of being smart and hooking up with the right people.After Floyd left Arum,he put a lawsuit out on Arum to get all the money Arum owed him.Pacman always getting ripped off by Arum,but yet he does`nt sue Arum at all.He stays with Arum and re-signs with him everytime his contract his up.And many Pacquiao fans defend Arum SMH.Comment
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anyone who wishes someone goes broke is a pathetic hater,seriously that is beyond being a fan...dude has a family, and a child on the way..what the hell did he do to you? what joy do you get from him fighting since he was in his teens and making it from being poor? i see people in this thread actually hoping he is broke?? that means you hope people took advantage of him and came up?? all this man wanted to do damn near his whole life was fight!!!! period Manny will fight anyone...no he is not smart....period he is not...he is like a homeless dog....but damit they are loyal...dude will damn near die for you if he trust you thats why he stays with a snake like Arum....He reminds me of Tyson in the essence..but never will i wish him to be poor HE HAS EARNED HIS DAM MONEYComment
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Sad thing is even is Manny leaves Arum someone else will step up and **** him...dude is not smart AT ALL AND TRUST ANYONE...sad people take advantage of people like this but it is a fact of life.....everything Manny has he earn with his fist but he is from a 3rd world country with an elementary 3rd world country education......he is a likable guy but people will continue to **** him over which is sadComment
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Very much so....Pac is a silk purse among sowe's ears....Many political appointees are corrupt and have a sense of entitlement. We know this from experience. These people resent the fact that a street urchin is popular and has made it to their ranks.
Remember the loans Estrada got? the IMF also gave loans to buy assets at exploitive prices to Chinese connected Philipinos....that money was earmarked for projects for the development of the country.
usually I get in my high horse about the IRS and how they will inevitably own all the assets of high paid fighters....in this case Pac isn't even there yet!Comment
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Sad thing is even is Manny leaves Arum someone else will step up and **** him...dude is not smart AT ALL AND TRUST ANYONE...sad people take advantage of people like this but it is a fact of life.....everything Manny has he earn with his fist but he is from a 3rd world country with an elementary 3rd world country education......he is a likable guy but people will continue to **** him over which is sadComment
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