Comments Thread For: IRS Now Targets Manny Pacquiao For $18 Million in Debt

[boxingfeind]

And the problem with that statement is that the NSAC showed that Pacquiao's total earnings were like $6-8mill a fight. This is what the IRS could be on about. The millions upon millions of dollars that Arum hid from the IRS.

IRS is not dumb, you can't just hide money from them like that, to evade taxes. They have people specifically do the simple math and track you down for what you owe.

Mayweather was right all along,Didn`t Mayweather say PAcquiao was getting like 6-8 million per fight?And that`s why Floyd offered Pac 40 mil.When FLoyd offered Pacquiao 50/50 in the first negotiations Floyd was being generous,but Pacquiao at the time didn`t want to take a random test,even though Floyd bent backwards for him and gave him a 14 day cutoff date, after Pac claimed that taking blood makes him weak.And Floyd agreed to Pacquiao demands of paying a 10 mil penalty for every pound Floyd comes in over 147.So Floyd was being generous in the first negotiations but Pac turned it down cause he was juicing.Had Pac agreed to testing Pac could have gotten 50% back then.Now he`ll be lucky if he gets 20%.

[brick wall]

pac doesn't have a competent accountant handling his financial records. with than kind of finances and financial transactions that he has, he should've hired one like a regular employee.

problem with a lot of people is that they view accounting records as just pieces of paper and doesn't really see the real importance and the impact it brings to your finances. they also look at accountants like some very complicated individuals...it's really hard to understand them if you don't have any accounting backround.

[Sweden2716]

Now it makes a little sense why Manny fought in China: possibly to keep the money away from being garnished by the IRS if he fought in the United States.
Looks like Manny's management is grossly incompetent if this is true.

[Sweden2716]

Manny should have hired a highly visible ,reputable, independent accounting firm to do his taxes for him,(not someone that is tied to Arum or Konz) that way he would be protected. Manny you need to do this now !!!!

[rayb112]

I don't think a lot get caught up because they think they are smarter than the system. A lot of times they actually are smarter because the system has so all sorts of holes to exploit. Really, I think most get caught up because they get too greedy. They can't keep their greed in check.

Ding Ding Ding...Message!!!

[bambam182]

hahaahahah all you ****** fans made fun of roy jones, mosley, morales, etc etc about fighting because they need a pay check and being old ahahahaha. looks like your idol pacman will be fighting for the next 15 years ahahaahahahah. pacman will retire with a record of like 60-15-5 ahahahahahaahahh

[HAY-B]

Either Bob is lying about Manny's taxes being paid, lying about withholding 30% for taxes, or lying about Manny's guaranteed purse amounts. Either way sounds like Bob is lying. Another promoter screwing a fighter out of his money.
So I ask, how can you believe anything Bob has to say about a Floyd/Pac fight?

[Carpe Diem]

VisionQwest got too close and were about to dug up some things that Arum didn't wanted Manny to know about, but as the saying goes, what's done in the dark, will always come to light. Sadly, dude will be Arum's slave for years to come.

[Radical]

Either Bob is lying about Manny's taxes being paid, lying about withholding 30% for taxes, or lying about Manny's guaranteed purse amounts. Either way sounds like Bob is lying. Another promoter screwing a fighter out of his money.
So I ask, how can you believe anything Bob has to say about a Floyd/Pac fight?

no **** he's lying...30 percent actually goes to HIM....LOL

[ZMGregg]

You know just like I know that Arum and Koncz have been robbing Pac blindly, don't even sugarcoat it. When he grew some balls and hired Visionquest they find a list of endless irregularities with his finance.

Visionquest needs to be rehired for starters. They should have never been fired to begin with. I am sure they would have spotted the discrepencies a long time ago. It looks like it is time to get away from TR and make the fight with Mayweather.