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

[ShoulderRoll]

This pic is killing me.

[Mr. Philadel]

The taxman always in somebody's pockets....Uncle Sam wants his cut no matter what....****ing prick ass taxman!!...Pac should two piece Koncz and Arum for his US tax issues....those dudes are supposed to look out for him especially his business with Sam....I smell snakes!!

[Holywarrior]

This pic is killing me.

lol wow

[RespekonMyName]

lol wow

lol..... Put that on his wikipedia page.

[thuggery]

This just goes to show Knonkz or whatever his name is, who is supposed to be Pac's adviser or manager or whatever the fuck it is he does is a true snake. Pac is being taken advantage of because he's a an easy target and it's sad to see.

[DAN916]

Wow and they gave Weasley Snipes 3 years in prison for a misdemeanor failure to file im sure he would owed money if he had filed but no where near that.

[Sgt Fightmaster]

Bob, you cheeky bastard!

[nycsmooth]

remember, it's not the promoters job to w/hold or pay the boxers taxes....how 'bout all the guys in the US fighting, who pays there taxes? they do, themselves...& in NYC there's city, state & fed taxes....as I've posted several times, that's why you'll never c Pac in the US...if he arrives, he b behind bars...

[lfc19titles]

Meaning that Pac owes $18m in taxes from PPV money alone?

possibly

we know how arum pays manny, he waits to receive the funds first and then passes it on

for example, arum went on record in one of the pac vs marquez that the guarantee for manny was 22.5m I think, or very close to that, whats reported to the commission is what the fight receives on the DAY OF THE FIGHT, I remember reading another interview of arum, he said manny gets the rest of his guarantee plus his ppv bonus about 3 weeks later after the fight

so for example

against marquez, manny earned a total of estimated 30 million

6m was reported to the commission as paid to manny, that amount would have been taxed at 30 percent, the issue seems to be the 24 million which manny got later

remember, arum also said manny has a holding company, he pays manny through them, maybe the whole issue is to do with that holding company, arum pays less tax because he is not paying manny directly but a company before the funds are then wired to manny

the above seems most logical to me because if manny only paid taxes on his fight night purse and not on the rest of the money, his tax bill would be much higher than 18 million, just think about how much he has earned thats on record.

I would imagine by going through a company, manny managed to save himself 10-15 percent of tax paid to the irs and now they want it back?

[trufightfanatic]

remember, it's not the promoters job to w/hold or pay the boxers taxes....how 'bout all the guys in the US fighting, who pays there taxes? they do, themselves...& in NYC there's city, state & fed taxes....as I've posted several times, that's why you'll never c Pac in the US...if he arrives, he b behind bars...

They will give him time to pay and time behind bars for not paying. They will let him fight and will likely try to take it all at once if he makes enough. So if he doesn't fight Floyd then he will probably be pretty active in 2014, maybe 3 fights just to get outta the hole. My only question is if Arum was taking all of that $ from his purses and didn't pay the IRS then where the hell is his money? I think he is gonna have to sue uncle Bob like Mike had to sue Don King.