the thread title is hilarious. Ideally it means that Floyd supports the IRS...and as reports claim, he plans to pay whatever is owed. LMAO
Will floyd continue fighting for the IRS?
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No matter how much you wish the guy to fail you'll always be a broke midget with a 3 inch penis.It's very clear that floyd is in finanacial trouble. No matter how big his purses in every fight and the way he spend his money he will always end up broke.
I think floyd will continue fighting after gregor fight or else the IRS will put his ass in prison for not paying his taxes.
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How many dumb people are going to keep insisting that Floyd is in trouble or broke?
Floyd has his earnings spread out so that he gets paid monthly. He doesnt take lump sums. Its likely he hasnt even seen a dime yet from the Pac fight. In fact he probably still has money coming to him from fights before that. He didnt just take 200 mil or whatever. Its being distributed monthly. But he is likely taxed on his earnings from each particular year.Comment
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Floyd gets paid monthly? But couldn't pay his taxes yearly?How many dumb people are going to keep insisting that Floyd is in trouble or broke?
Floyd has his earnings spread out so that he gets paid monthly. He doesnt take lump sums. Its likely he hasnt even seen a dime yet from the Pac fight. In fact he probably still has money coming to him from fights before that. He didnt just take 200 mil or whatever. Its being distributed monthly. But he is likely taxed on his earnings from each particular year.
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That's probably what you get when you overstate your earnings.
Or over inflating the PPV numbers.
That's why Arum is smart by starting out "fight will make over 1 mil in PPV" when he's promoting the fight.
Then when the fight is over, he'll come out and say "fight did less than expected"
Just to keep the IRS from asking for too much money.Comment
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If you get taxed on a 200+ million in earnings for a year....but only take a 7 figure stipend check every month, could you see where there might be a problem?
Lets say Floyd has his money set up where he gets a 2 million dollar check every month till he dies...or till hes 75 or something....but he gets taxed on a 200+ million dollar income for a single year...do you see where he might run into a cash flow problem?Comment
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