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

[Grimgash]

It's quite sad to hear but... he's been told to get away from them for awhile now. Most of the big names who were in TR left to go free agent or oscars case make his own huge promo company. They didn't do this just because. When you get big enough and actually look into the financial things yourself you realize how much more you can make on your own and how much you lose to others. I said in another thread a lot of reasons some people reject sponsers are because they make so much off you when you could do the same thing on a smaller level and make more for yourself.

He's getting screwed and it's been known for awhile VisionQwest said it awhile back and Pac was like nope I don't know I trust my guys...he should've looked deeper into it. If he resigns with TR though....I won't feel bad. Fool me once shame on me....fool me twice...shame on you.

[AP♠]

I remember when all these NSB ******* made fun of Floyd when he had his tax issues. But bb but the tables have turned.

[umop-ap!sdn]

I bet this thread gets stacked with loads of embarrasingly unfunny comments from floyd spastics...just watch...

You only think that because it's what you would do had this post been about Mayweather.

[billeau2]

A few things to consider:

1. (as his promoter) Arum has NO fiduciary duty to Pacquiao. It's not his obligation to Pac to keep him out of tax trouble. Koncz does however (as his manager) have that obligation.

2. US Federal law requires that when a foreign fighter fights on US soil, the promoter must withhold 30% of the purse and forward it to the IRS.

3. In regards to #2, I would suspect (just my opinion) that the 30% was withheld and paid on the "guaranteed contract purse" only, as this would have been under the oversight of the commission. I also suspect the tax issues that are in question here are in regards to ppv upside money that was paid later, NOT the initial guaranteed purse money.

There is a lot of fiduciary shenanigans actually. I don't know about the people hired to do the audit but from the perspective of agency NOBODY but the person who is the client should have a a say about hiring or firing...Otherwise how can there be transparency?

[Wizardsh]

I remember when all these NSB ******* made fun of Floyd when he had his tax issues. But bb but the tables have turned.

Dude you know may is an idiot with his money right? You best believe may is going to join PAC eating dog and eating out of garbage cans in the future and may will get their faster then PAC will.

[Larry the boss]

WONDER IS THIS FUNNY TO ALL THE POSTERS WHO LAUGHED AT fLOYDS TAX ISSUES

[AP♠]

Dude you know may is an idiot with his money right? You best believe may is going to join PAC eating dog and eating out of garbage cans in the future and may will get their faster then PAC will.

Dude who's alt are you? And dude I don't give a **** I'm not a Mayweather fan but what I said was a fact tides have turned.

[PACnPBFsuck]

That's a lot of money, hopefully the IRS added extra 0's by mistake.

[loui_ludwig]

Another article citing TMZ but with Konz saying its being taken care off.

http://asiancorrespondent.com/117080...okie-crumbles/

[WatchForTheHook]

Dude you know may is an idiot with his money right? You best believe may is going to join PAC eating dog and eating out of garbage cans in the future and may will get their faster then PAC will.

you do know that Floyd Own alot of Real Estate around the Country rite?? which he didn't ask for a loan to buy he paid cash....

You also know that Floyd own houses that he rent to ppl rite???

You think when he walks away Showtime wont want him to Commentate their fights??

Dude will be alrite.....much better off than Pac after he's done....

Go listen to the Howard Stern Interview...Dude Invest Majority of his Money!!!