Floyd Mayweather bets $10M on Denver Broncos to win the Super Bowl
Collapse
-
-
Comment
-
Precisely. Warren Buffet gets the vast majority of his yearly income by being the majority shareholder of his company. He is also the CEO/Chairman of his company but he pays himself next to nothing in salary so he doesn't have to pay a income tax. Meanwhile, he gets millions through interest and just pays the 15% dividend tax. I'm sure Floyd will get there one day with Mayweather Promotions....Comment
-
Either way, there has got to be a ***ish businessman licking his chops to "do some business with Floyd".Comment
-
If you're not a billionaire because you're the biggest shareholder of a publicly traded company, didn't found a start-up (I.E. Zuckerberg with Facebook), then that means that you're a pure investor (ex: stock trader), which means you don't have a "income" and all your gains/returns will be taxed as a dividend anyway.Comment
Comment