Comments Thread For: Manny Pacquiao Dis*****g $18 Million Owed To The IRS

[solo20]

does anybody find it funny that most Pacstans think the IRS is a joke and that they are just pulling numbers out of there ass and think Pac cant be touch LOL. YOU DONT **** WITH THE IRS AND THINK YOU CAN GET AWAY ****ING WITH THERE TAX MONEY. I feel bad for Pac his own people might have rob him blind now he is going to pay the price

[radioraheem]

The only document that would say something about it. Would be a court document with a lien or something like that.

AboutBillions posted this in anotha thread.

Is this the document?

[Sugar Adam Ali]

All i know is that the IRS doesnt BS around,,, if they have an issue with you, that is a serious problem,, i dont like manny's odds in this one

The IRS is the boxing equivalent of a fighter with tyson fury size, foreman power, pernell defense, roy jones speed, and james toney i dont give a **** attitude...

The IRS is like 104595-0 with 103452 ko's and they are now manny's mandatory

[anonymous2.0]

Speaking of VisionQwest, has Manny paid them for their work? Cause I seem to remember Visionqwest making a ruckus about Manny not paying them for their work.

[The Raw Dog]

Two years ago, the FH website broke the story about Pacquaio hiring VisionQwest to examine his finances. Ronnie Nathanielz wrote a story, quoting Michael Koncz saying it was a lie, as if Koncz's word was all that was needed to prove the story was false. It turns out that the story was true.

Last week, the FH website broke the story about the IRS' $18 million lien on Pacquaio. Ronnie Nathanielz wrote an article dis*****g the story. He again quoted Michael Koncz denying the story, as if that was all that was needed to prove the story was false. Again, the story proved to be true.

Now, he is writing a story that quotes Michael Koncz, who admits the story is true, but that it is simply an accounting error.

Do we need any more evidence than this that these allegations are true?

Yeah Ronnie and all his "fighter of the decade" articles gassing up Pacquiaos fans with lies and banter, are just as responsible for contributing to the neglect of team Pacquiao handling Mannys finances correctly. His articles empowered individuals to create this situation Pacquiaos in, because he was too busy being a groupie instead of a fact finding journalist.

[Nightfall]

he needs al hayman. he would'nt allow arum nor konzc to put pacquiao in this terrible posistion.

[edgarg]

All i know is that the IRS doesnt BS around,,, if they have an issue with you, that is a serious problem,, i dont like manny's odds in this one

The IRS is the boxing equivalent of a fighter with tyson fury size, foreman power, pernell defense, roy jones speed, and james toney i dont give a **** attitude...

The IRS is like 104595-0 with 103452 ko's and they are now manny's mandatory

The IRS followed Meyer Lansky for about 30 years, hounded him out of the country, and no other country would give him sanctuary. He returned to the US and fought the case and won..... So your figures are wrong.

Also some years back I was assessed a large amount because of a U.S. investment. I'd never lived there or even visited, other than many years ago I used to drop over to "xxxxxx" to chat with Loretta Lynn, before she became an international figure.. I fought the case and won, although it took the IRS 4 years to repay what they'd deducted. They once kept me on the phone for nearly 8 hours, plus switching me from department to department and back again....They also paid-I think 8% interest which was much more than any other investment was paying then.

All tax authorities heap on lots of extras, costs, interests, penalties, re-assessed valuations etc.etc., knowing that they will be objected to, but counting on individual lack of staying power to win at least some of the piled on charges and/or come to a negotiation. They are nothing more than crooks with a legal licence to steal.

Arum, a Harvard Summa Cum Laude, Top of his Class, lawyer, was the head of a tax department in Robert Kennedy's time, and has surely knows what's what. At the same time, with a huge promotional company with many employees and departments, he will have delegated just about everything by now, and certainly would have his own tax lawyers who would give advice to him. He will know the old saying "The lawyer who has himself for a client is a fool".. He would mostly be making announcements based on the information he is handed by Top Rank employees or his lawyers.

The promoter's fee is 27%, and if you look up what a promoter has to do to earn that, you'll find that it's well earned. And the witholding tax is 30%. If they find your tax owed is less, you eventually get a rebate. It all depends on what deductions are allowed.

All the sharky, drooling, half-imbeciles here make me want to vomit...all over them. If MannyP was not so famous we'd never have heard a word about what it a very normal occurrence in what has to be a huge conglomerate. Likely many boxers with lesser paychecks also get "re_assessed"...

I could be wrong, but I felt that the "signing bonuses" that Koncsz was talking about were what MannyP Promotions was paying to fighters THEY had signed. It is a working promotional company.

[edgarg]

Speaking of VisionQwest, has Manny paid them for their work? Cause I seem to remember Visionqwest making a ruckus about Manny not paying them for their work.

My recollection as to what was published on this site is that MannyP fired them after less than a week when he found that they were delving into things "outside their mandate". I believe it was when he found that they had gone without permission to the NSAC to ask about his purses and etc. MannyP said that they were incompetent. Koncsz had suggested hiring them- maybe to tie up loose ends.

Another thing may have caused the firing could have been that he'd found out that Vision Quest was acting for Phloyd Mayweather when he was messing Mandela's daughter around and decided he couldn't trust them. Purely speculation on my part but possible. There was a lot of tension between Pacquiao and Mayweather around the Vision Quest time.

[WalkerSmith1921]

THATS IS SO RIGHT ON ABOUT ALOT OF THESE PAC FANS AND EXPLAINS THEIR LOGIC.

I'M AN AMERICAN AND THIS B***H BETTA HAVE MY MONEY

MRCHKEaMF did Floyd really twitt that about Pacquiao?

[Nomadic]

He's ok, Arum said he paid them for him.