Comments Thread For: Pacquiao Explains Life's Path That Led Him To God

[ironmt]

It says a lot about where this country Is at right now and the mentality of today's youth when a guy Is hated on for feeding the hungry, taking care of the poor and helping to guide children In the right direction.

Good post Larry, It Is always good to see someone turn there life around and do the right thing.

Let's hope Floyd can do the same before he becomes a statistic.

[SCEN3RY]

While there are tales of his ******** and needing of cash advances, these tales come from Bob Arum. If Arum is an honest guy, which I think he is, then it must be true. But trouble with the IRS doesn't necessarily mean you're a poor steward of your finances. Even more so, owing a substantial amount to the IRS (when you're extremely wealthy), by no means, indicates you're destitute.

If you remember, Floyd Jr. was also in deep with the IRS and owed them a substantial amount of backed taxes (far more than Manny owed). To understand how someone can owe the IRS a ****-ton of money AND still be ****** rich, you must understand what form their wealth is currently taking, the vigilance of the IRS in auditing the wealthy, the extremely complex and every changing U.S. tax code, and the repayment deals negotiated with the IRS.

First, being worth $200 million is not the same as having $200 million in a bank account. Most of the extremely wealthy have independent firms handling their vast wealth and thus invest the largest percentages of their wealth into various profiting endeavors. It wouldn't surprise me if most of our sports stars didn't also own real estate, loads of stock shares, bonds, and even investments in foreign currencies. The point being, if someone says "you owe me $15 million! Pay now!" like the IRS (or ISIS) might say, the super wealthy just don't have that kind of money as a liquid asset sitting in a bank account somewhere. You'd be an idiot too, knowing that banks can and do fail and you're amount is only federally secured up to $100,000. Even the super wealthy have to say "Of course I don't have that kind of money on hand. I need at least a few days to come up with it". That usually involves the dumping of stock for a quick gain in liquid assets.

I'll sum up the next two points together. Most of us on here have one or two jobs, a steady paycheck, and a bank account where we deposit that paycheck. We are told how much we've made in a convenient W2 by our employers and how much tax THEY have conveniently withheld from our pay and given over to the IRS on our behalf. They know, based on our salary/hourly rate, precisely what bracket we fit into and how much we should have payed. And even if we've made a mistake along the way, no one will ever know because the IRS just simply doesn't care about us. We're small fish. Most of us on here could go decades without paying taxes and would never be found out. Actually, quite a few of us on here probably aren't required to pay any taxes (which is horse **** to me, but another discussion entirely). If you own your own business and are your own boss, things get MUCH more complicated. There are hidden taxes upon your taxes that you'd never know about. If you are a multimillionaire with investments and 30 to 40 different income sources, YOU WILL NOT GET IT RIGHT come tax season. You have to hire an independent firm to file your taxes on your behalf and you plan on asking for extension after extension because the process will take 2 years. You'll be paying 2013's taxes in 2015. And because you are a BIG FISH, the IRS audits you yearly and will hold you accountable for every red cent you NEVER knew you owed them. And when you need time to generate that kind of cash-on-hand, you ask for yet another couple of extensions.

Now, if you're Manny. You're paying taxes in three countries (U.S., Philippines, and China because of your earnings in Macao). So, take that whole headache and triple it.

Mike Tyson was really dumb with his money, and sunk himself into a hole. Then, he got people who were smart with his money to help dig him out. Even with smart people in his financial corner... he's supposedly still paying back the IRS backed taxes from the early 90s.

Moral of the story, Pacquiao isn't broke. He never was and he probably never will be. He, like every uber-wealthy person who has ever earned a dollar in the U.S., is at times required to pay enormous sums of money in one big balloon payment. That could be to the IRS... it could be to a shylock. Either way, if it's between asking your promoter for an advance and going to jail/getting your legs broken... you ask for the damn advance and then pay it back when you've earned or freed up some cash.

What Pacquiao did with Arum is what each of us does every time we charge a steak dinner to our credit card. Was ask someone else to "cover us" until we can pay them back.

A well written, well thought out post...frankly you are too kind. It's a difficult thing to treat these fl0mos as equals when they post **** like this:

pac was on broke and ******** and needed cash advancements from bob arum. pac was on steroids and wants to use this good guy image to make it seem like "it was in the past". pacquiao is a complete fraud who is so broke owes tons of $ to the IRS and had his home seized. all facts.

[Weebler I]

My bad, I forgot about that Protestant part. You're right. Yeah, big difference between Protestant and born again Christian. Protestant is more of a modern Catholics in some sense, ie the cross on the altar or what not, and when their pastor preach, he quotes some verses from New and Old testament. Whereas, Born again is more focus on the new testament, somehow they don't give emphasize about the old testament. They soul purpose of belief is on that bible verse. "unless you are born again, you are not going to enter the
kingdom of heaven through Jesus Christ" or some thing like that.

So what Church does "Born again Christian" belong to, is it a separate Church/denomination? Where would you go to worship for that religion?

[Shapopojoe]

It says a lot about where this country Is at right now and the mentality of today's youth when a guy Is hated on for feeding the hungry, taking care of the poor and helping to guide children In the right direction.

Good post Larry, It Is always good to see someone turn there life around and do the right thing.

Let's hope Floyd can do the same before he becomes a statistic.

Amen brother....

[megadeth]

Belief in a God comes from a position of ignorance that usually comes from growing up in a disadvantaged background. The lack of education leaves the people of these communities in a situation where they are easily influenced by religious bastards who take advantages of these poor and vulnerable people by filling their heads with a bunch of ridiculous stories and nonsense

He's actually right though. Religious belief is much more prominent in less educated countries because they don't know any better.

I fail to understand why rational, educated people believe in god in this day and age. It's a fairy story.

Exactly! Believing a creation has a creator is much less enlightened than believing in the equation, Nothing + Nothing = EVERYTHING!

[Ryannn]

Exactly! Believing a creation has a creator is much less enlightened than believing in the equation, Nothing + Nothing = EVERYTHING!

well if you take everything into account, the total energy in the universe equals zero.

anyways, good for pac. im an atheist but if religion makes people do good things and make them act less like cunts, all power to them.

[kidaguilar]

A lot of guys on here are pure clowns. Passing judgement on people like they got it all figured out. Manny finds Christ that makes him a better man. People say he's a fraud, he's ignorant. Manny gambles, drinks and commits adultery. People say that Manny is a piece of trash. Manny gets knocked out by Marquez, they say that his career is over. Manny beats a top 5 pound for pound fighter twice (Bradley) they say that he looks like garbage. Floyd ducks every possible challenging opponent. They say that he's the best boxer to lace up gloves. You can't make positive strides on this world because negative ignorant people always trying to bring another person down. Some sad shi$.

[Boxing Goat]

Belief in a God comes from a position of ignorance that usually comes from growing up in a disadvantaged background. The lack of education leaves the people of these communities in a situation where they are easily influenced by religious bastards who take advantages of these poor and vulnerable people by filling their heads with a bunch of ridiculous stories and nonsense

You have got to be one of the biggest turds that has ever written words on a forum. One day, those words will be presented to you when you are judged by your creator. Then you will cry and beg for forgiveness. You can count on that.

[twosweethooks]

i think the is god stunt is a bit of a front..but hey it is wat it is...


if u really think manny beats floyd and you are supporting bob arum's media stunts you are the real *****...floyd said 40 million take it..dont debate him he will walk away..debating him save his 0..if u really think pac wins

If you will read the post, you will see he is not using his testimony to promote BOXING period.

HIS testimony is that he saw himself LOST in SIN and Jesus Christ who is Almighty GOD rescued him from the penalty of Sin and Eternal Death.

That message is offered to ALLLLLLLL here and the WORLD,

he said it was not Religion but a true living relationship with Eternal GOD.

What an Awesome testimony to come from the bottom and God clear his slate of SIN in the Blood of his Son Jesus Christ !!!!!

OH WRETCHED MAN THAT I AM !!!!! Who shall deliver ME ,,,,Jesus by coming to HIM and acknowledging you sin and receiving Christ as Savior

[Bolopunch68]

Glad Manny got himself together and is being a man for his family

I am too, it just got me riled up when the guy left all his unworldliness and still get bash for doing so. Atleast he woke up and realized what he's been doing was wrong, and now he accepted he's new found faith and trying to live by it. I wonder if George Foreman got crucified when he told everyone that was willing to listen about his conversation with God after another defeat?