so TBE is still having IRS problems??? is this why he's fighting overseas like manny? lol. all i want to know is will there be VADA testing. fighting overseas seems kinda shady right Dunn? i mean if you want to do something shady then fighting overseas would prolly be your best bet. if floyd knocks this japanese guy out, WE ALL know why. ...
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Floyd tax issues?
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heres an example of how things might work
floyd fights pac...makes 200 mil or whatever...floyd fights connor..makes 200 mil or whatever...that he has to report....
floyd takes 3 million dollar monthly checks(estimate...not sure of exact number)...he doesnt take lump sums...he actually may have not seen a dime yet from the actual pac fight....so floyd has expenses yet has to report an income of 200 mil for a couple of those years while only touching 36 mil.....
floyd aint the smartest guy ive ever seen...but hes not totally dumb either....its possible that floyd will see a 2-3 million dollar check till hes 60 or so....
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Originally posted by Curt Henning View Postheres an example of how things might work
floyd fights pac...makes 200 mil or whatever...floyd fights connor..makes 200 mil or whatever...that he has to report....
floyd takes 3 million dollar monthly checks(estimate...not sure of exact number)...he doesnt take lump sums...he actually may have not seen a dime yet from the actual pac fight....so floyd has expenses yet has to report an income of 200 mil for a couple of those years while only touching 36 mil.....
floyd aint the smartest guy ive ever seen...but hes not totally dumb either....its possible that floyd will see a 2-3 million dollar check till hes 60 or so....
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Originally posted by .WesternChamp. View Postso TBE is still having IRS problems??? is this why he's fighting overseas like manny? lol. all i want to know is will there be VADA testing. fighting overseas seems kinda shady right Dunn? i mean if you want to do something shady then fighting overseas would prolly be your best bet. if floyd knocks this japanese guy out, WE ALL know why. ...
This is unlikely Floyd taking a fight for $15m-$20m, so get over yourself.
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Originally posted by .WesternChamp. View Postso in short, yes, he has IRS problems? got it.
Floyd will always be a multi-millionaire just on his net worth interest which would be astronomical on nearly a billion dollars.
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Originally posted by Scipio2009 View PostFloyd is main eventing a big fight on Fight Freak Show day in Japan, and is likely being paid very well for the fight. $100m on the fight isn't far-fetched.
This is unlikely Floyd taking a fight for $15m-$20m, so get over yourself.
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Originally posted by Roadblock View PostEvery super rich dude has IRS problems lol, its cat and mouse between them and very smart accountants.
Floyd will always be a multi-millionaire just on his net worth interest which would be astronomical on nearly a billion dollars.
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He still has to pay taxes . When you work over seas to avoid taxes you have to work 6 months over seas . I use to work for Dyncorp Corporation and ITT Federal Services . I worked at Ft Irwin but I talked to guys who would work in Kuwait they told me you have to be out of the country for 6 months . Pacquaio lives in the Philipinnes so he can avoid taxes
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Originally posted by Curt Henning View Postheres an example of how things might work
floyd fights pac...makes 200 mil or whatever...floyd fights connor..makes 200 mil or whatever...that he has to report....
floyd takes 3 million dollar monthly checks(estimate...not sure of exact number)...he doesnt take lump sums...he actually may have not seen a dime yet from the actual pac fight....so floyd has expenses yet has to report an income of 200 mil for a couple of those years while only touching 36 mil.....
floyd aint the smartest guy ive ever seen...but hes not totally dumb either....its possible that floyd will see a 2-3 million dollar check till hes 60 or so....
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