Comments Thread For: Mayweather: I Gave IRS $26 Million in 2015, My Empire Rock Solid!

[filup79]

The Article says he paid $26mil.

A simple google search showed Forbes estimates he earned $300mil in 2015.

A simple online tax calculator will show that Federal taxes on 300mil income in 2015 in Nevada were around 118mil.

Leaving a tax debt of $94mil.

TMT - Transfer More Tax.

I'm pretty sure Floyd is self contracted and files a 1099. Which means he can deduct a lot stuff which will lower his taxes. He could pretty deduct all his traveling, training expenses, the shows he promotes, food and so on.

[Furn]

I'm pretty sure Floyd is self contracted and files a 1099. Which means he can deduct a lot stuff which will lower his taxes. He could pretty deduct all his traveling, training expenses, the shows he promotes, food and so on.

That's sweet FA on $300mil in earnings. He'd have to show losses of $235mil in a year to pay $26mil.

The richest 1% of americans pay 33.4% in tax on their income on average. The top tax bracket is 39% so even the best business minds in the US are only saving 5-6 % in tax.

This idea that because you're rich you can just write off the majority of your tax is nonsense.

[Scipio2009]

Bill Clinton, former Ivy league lawyer, paid roughly 34% federal taxes in 2015. Are we trying to say Floyd is smarter?

http://time.com/4450506/hillary-clin...-returns-2015/

From the outside looking in, the way Floyd got his money is likely drastically different from where Bill Clinton got his money (and Floyd also doesn't have the political incentive to not take every single tax break available to him).

Floyd has his money locked up in real estate, his various businesses and likely cash alternatives. Bill Clinton makes his money from giving speeches and residuals off of his book. (Clinton likely also didn't write off a single penny of the money that he gave to charity).

Nice try

[TedDibiase]

Happy that you paid taxes Floyd but you must pay all your taxes.

[GGG Gloveking]

From the outside looking in, the way Floyd got his money is likely drastically different from where Bill Clinton got his money (and Floyd also doesn't have the political incentive to not take every single tax break available to him).

Floyd has his money locked up in real estate, his various businesses and likely cash alternatives. Bill Clinton makes his money from giving speeches and residuals off of his book. (Clinton likely also didn't write off a single penny of the money that he gave to charity).

Nice try

Actually, the Clintons had over $2M in tax write off

http://www.cnbc.com/2016/08/12/clinton-releases-latest-tax-returns-paid-rate-of-43.html

[Scipio2009]

Why are you so interested in defending his image as a slick bidnessman?

You seem upset at the notion that he's not as competent as you think he is

You seem desperate to show that he's a bumbling idiot, yet there's clear evidence that he isn't.

How a story of Floyd petitioning the IRS for a time extension (on a tax bill that they weren't even chasing him down for yet), became this hysterical about Floyd being so hung up on money that he's being forced to fight again, with literally no proof of anything, says more about folks like you than anything.

Floyd is the modern-day Jack Johnson; he can show up, break all of the norms, spit in the face of his haters and their taboos, and no one can do **** about it, since he simply does not lose.

The only little taste of victory that told like you have had over Floyd, is likely his abbreviated jail time, and even that couldn't derail him.

Hold this l

[Scipio2009]

People want Floyd to go broke so bad, lol. I guess they want the satisfaction of saying "I told you so!" if it ever happens.

It's the Jack Johnson effect; with no legit way to actually derail him or lay him low, the effort goes into overdrive to cook up some bull**** and use that to bring him down.

[Scipio2009]

Actually, the Clintons had over $2M in tax write off

http://www.cnbc.com/2016/08/12/clinton-releases-latest-tax-returns-paid-rate-of-43.html

Do you honestly believe that the only charitable giving that Bill and Hillary Clinton engaged in only amounted to $2m? lol

[PACnPBFsuck]

Bill Clinton, former Ivy league lawyer, paid roughly 34% federal taxes in 2015. Are we trying to say Floyd is smarter?

http://time.com/4450506/hillary-clin...-returns-2015/

If you think Floyd does his own taxes, then you're as dumb as the people who think he's responsible for all the great bets he makes.

[Calabis]

The Article says he paid $26mil.

A simple google search showed Forbes estimates he earned $300mil in 2015.

A simple online tax calculator will show that Federal taxes on 300mil income in 2015 in Nevada were around 118mil.

Leaving a tax debt of $94mil.

TMT - Transfer More Tax.

Now tell us how much of that was for promotion company expenses, employees, travel etc....since apparently you know...also tell us about investments, 401k's, roths,etc that he may have put money into which would assist in taxes paid.