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

[Scipio2009]

Which is it?

And If ********s believe in "taxes being needed to provide the revenue ", aren't you angry at Floyd for not paying and depriving "everyone a chance at achieving their potential"?

How Floyd handles his business is on Floyd; the IRS isn't chasing him, there's no lien against any of Floyd's assets for non-payment, and Floyd isn't denying that there's a tax bill to be paid.

Context is key; delaying a tax payment and sheer tax evasion are two different conversations.

Manny Pacquiao is denying the notion that he owes his home country over $70m in owed taxes (a decade on, not having whomever allegedly did the taxes for him simply call the IRS and request the receipt for the US tax year in question, says it all).

There's a difference between that, and wanting to wait an extra two months to pay a bill, using just earned cash instead of liquidating longterm assets. As long as the bill gets paid, I could give two ****s over the timing.

[Scipio2009]

***** owns 5 homes

https://70news.wordpress.com/2016/11/25/the-*****s-own-5-homes-chicago-washington-d-c-hawaii-california-and-new-york-hey-*****-you-didnt-build-that/

A lot of innuendo and half-sources in your WordPress write-up, lol, but even then, President ***** can file his taxes, take whatever deductions owed to him and be fine (near all of his wealth, beyond the presidential salary, was from sales of his books).

[GGG Gloveking]

A lot of innuendo and half-sources in your WordPress write-up, lol, but even then, President ***** can file his taxes, take whatever deductions owed to him and be fine (near all of his wealth, beyond the presidential salary, was from sales of his books).

So how many houses do you have to have before you become a "moneyed" politician and have to not take deductions, for fear of public backlash, like you said before? I'm sure the Clintons fall into that "moneyed" category.

[GGG Gloveking]

How Floyd handles his business is on Floyd; the IRS isn't chasing him, there's no lien against any of Floyd's assets for non-payment, and Floyd isn't denying that there's a tax bill to be paid.

Context is key; delaying a tax payment and sheer tax evasion are two different conversations.

Manny Pacquiao is denying the notion that he owes his home country over $70m in owed taxes (a decade on, not having whomever allegedly did the taxes for him simply call the IRS and request the receipt for the US tax year in question, says it all).

There's a difference between that, and wanting to wait an extra two months to pay a bill, using just earned cash instead of liquidating longterm assets. As long as the bill gets paid, I could give two ****s over the timing.

Actually, there is a lein against Floyd.

The undefeated boxer nicknamed "Money" owes $22.2 million in taxes from 2015, according to a notice of a federal tax lien filed by the IRS.

http://abcnews.go.com/Sports/wireStory/irs-lien-shows-floyd-mayweather-owes-222m-2015-48577125

[megas30]

even with right offs he still owe them big $ ,he will lose some but he will be ok (probably)

Of course he will owe them, but i was responding to a poster who assume because he makes as much, the 26 mil seems a bit too less to pay.

Note: If his company has significant losses over the years (Which goes for most business just starting out) it can be used against income sources. I do believe Mayweather, the way he loves money, has a competent accountant. So, i do believe his income goes through Mayweather's Promotion, and he's able to utilize all the tax write offs available at his disposal. Having said that, i do believe he is engaging in the tax deferral strategy. IRS' interest and penalties vs Investment interest revenue. If Investment Interest Revenue is higher, forgo paying taxes, speak with IRS and let them know they will get their money, in the end, you pay them and pocket the difference.

[Canelo and GGG]

Of course he will owe them, but i was responding to a poster who assume because he makes as much, the 26 mil seems a bit too less to pay.

Note: If his company has significant losses over the years (Which goes for most business just starting out) it can be used against income sources. I do believe Mayweather, the way he loves money, has a competent accountant. So, i do believe his income goes through Mayweather's Promotion, and he's able to utilize all the tax write offs available at his disposal. Having said that, i do believe he is engaging in the tax deferral strategy. IRS' interest and penalties vs Investment interest revenue. If Investment Interest Revenue is higher, forgo paying taxes, speak with IRS and let them know they will get their money, in the end, you pay them and pocket the difference.

true dat ,good post

[HanzGruber]

I thought Floyd made 300mil in 2015 ?

Thats 118mil in taxes so he owes another 96 mil.

TBE. The Brokest Ever.

The richest of the rich don't pay flat percentage . Plus he has his own company and prob writes a lot of shlt off

[Scipio2009]

So how many houses do you have to have before you become a "moneyed" politician and have to not take deductions, for fear of public backlash, like you said before? I'm sure the Clintons fall into that "moneyed" category.

Paying 0% in taxes, generally doesn't sit all that well, politically with ********s. Paying 0% in taxes, generally speaking, doesn't seem to bother **********s. Simple.

[snoopy360]

****ing ******s!!! I don't even like Floyd!!! However what is it your business what the man owes and who he owes it to??? Your a bunch of *****es counting another mans money!!! I swear to god we need to go back to the 80's when you could beat the **** out of ****ing ***** made man. That's the problem with so many kids growing up with out daddies. You ****ing ****'s worry about what another man puts in his pockets. This dude fights for a living. You expect him to be an accountant??? Go live your worthless lives you ****ing *******, earn a check, count your own money. Kick me off the site I don't give a ****!!! But you ******* on here counting another mans money like it makes you better. ****ing hypocrites. Don't have a pot to piss in but want to judge another man for having bills. He owes on what he earned. Show your tax returns or STFU!!! Oh and **** Floyd!!! I'm just tired of people worrying about what another man earns. Pay attention to what is in your pocket *****es!!!!

[GGG Gloveking]

Paying 0% in taxes, generally doesn't sit all that well, politically with ********s. Paying 0% in taxes, generally speaking, doesn't seem to bother **********s. Simple.

Earlier you were saying that moneyed politicians, like Romney, couldn't claim all their deductions due to public outlast. Now, it's ********s believe in paying taxes, but **********s don't. Do you have any evidence to support this claim that ********s don't take deductions?