If Pacquiao made 200 million off this fight
- 39.6% tax = 120.8 mil
- 30% Arum = 84.56 mil
- 30% Roache/Koncz/Finkel etc = 59.192 mil
- 40 mil tax owe to Philippines = 19.192 mil
- 18 mil tax owed to US = 1.192 mil
1.192 mil left.
I dont know his finances or what % they get but DAMN!!! If true that is very very sad. Pac lost fight, ruined his name and got peanuts for it
But according to Forbes, he owes over 70mil in taxes to the philippines and US.
So actually he's still in the HOLE! Maybe if he signs to Mayweather promotions, Floyd will let him hold a couple dollars...only if he apologizes
When we look back on this whole saga it wouldn't surprise me that Manny was the one forced to take this fight because he had a variety of financial issues to address.
I hope it doesn't happen to him but it would be karma if he ended up having to keep fighting because he was broke after the tens of thousands of posts from his fans and Floyd haters saying/wishing it would happen to Floyd.
If Pacquiao made 200 million off this fight
- 39.6% tax = 120.8 mil
- 30% Arum = 84.56 mil
- 30% Roache/Koncz/Finkel etc = 59.192 mil
- 40 mil tax owe to Philippines = 19.192 mil
- 18 mil tax owed to US = 1.192 mil
1.192 mil left.
Care to provide a reference to those numbers?
The BIR tax issue has already been settled. Pacquiao is no longer liable to pay the $40 million in taxes.
$19 million is still more money than you will ever see in this lifetime.
Actually it doesnt say its settled but that its delayed. Which will not favor Pac cause now he has to pay more lawyers fees. This is not beneficial to him
Actually it doesnt say its settled but that its delayed. Which will not favor Pac cause now he has to pay more lawyers fees. This is not beneficial to him
The BIR requested to appeal the petition, but the Court of Tax Appeals denied their request. As of now, he isn't liable to pay the $19 million.
$19 million, in addition to the $50 million guaranteed check he received the following morning of the fight (which is the first installment of the total purse) is still far more money than any of you "internet forum accountants" will ever see in this lifetime.
In order for Pacquiao to stoop to Fraud Jr.'s level he would need the following:
A) 7 domestic abuse charges with 5 different women.
B) Robbery charges.
C) Host of other felony charges.
And a laundry list of other de****able acts of crime. This article should give Pacquiao and others a better grasp on what it takes to be on Fraud Jr.'s level.
The BIR requested to appeal the petition, but the Court of Tax Appeals denied their request. As of now, he isn't liable to pay the $19 million.
$19 million, in addition to the $50 million guaranteed check he received the following morning of the fight (which is the first installment of the total purse) is still far more money than any of you "internet forum accountants" will ever see in this lifetime.
He got a 25 mil guarantee. He owes 40 mil to the Philippines and 18 mil to the US.
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