Floyd tax issues?

[billeau2]

get over myself?? i thought when fighters fight overseas its because they have tax issues? being paid very well doesnt mean he doesnt have tax issues lol. maybe this is why he's fighting again to pay off the tax he owes?

Be aware of something though....Japan is one of the worse taxing countries. You get taxed more in Japan than in Europe. And inheritance? They take most of it...Japan also has one of the best fan bases for lucrative fight sports... Its an interesting proposition as to what floyd is trying to do.

You are intimating that Floyd is fighting overseas to not pay tax in this country...He would have to be in a real pickle to be in such a a position given the tax rate he is paying in Japan and the IRS cannot be stopped at the border of another state either.

I don't pretend to understand what is going on either at this point. But just keep in mind the tax situation in Japan.

[.!WAR MIKEY!.]

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....

you only have to report on money you receive lmfao, he doesnt have to report 200 million if he hasnt received it yet. he getting his money in installments 3mill a month he only has to report the money he took in for that entire year 3x12= 36 million so he only has to report 36 million.

and PS I dont believe for a second mayweather is on some payment plan.

and if floyd does have tax problem im not saying he does, it will most likely be from the non boxing money he takes in that he doesnt turn in the checks to the accountant first so they do their magic and then cut him a check/deposit the free and clear money into his account.

[billeau2]

IF I was rich like these foo's I'd sell the fucc out & move from this money stealing country.

Listen my brother...My fellow human being, the guy who I would be fighting alongside of when the green men came from Mars... I would be doing you a grave injustice to let you believe what you have posted.

The only way to fight the IRS is to structure your resources like truly rich people structure theirs. Period. There is no national line that prevents the IRS, and while there are nations that are more tax friendly if you earned your nut here you will pay the man.

Heres the secret: Don't be an earner, be a biznis man... And don't own your stuff, create a fascimile to own it. And finally? pay the broker 1% to moniter your life insurance, and borrow against it for 2% and return it... That way you don't pay the tax man, you replenish your estate, and you hold on to your stuff which belongs to a fictional being.

There is no other way... The IRS on the occult level uses the desire to own and to earn against you.

[CrowsNestWest]

I mean Floyd gambles a lot and he blows money A LOT. Don't be surprised if his return to boxing is about money. Not likely taxes, but maybe just spending too ******* much money. As a Floyd hater, I have to admit that I dont think he's returning for money. I think he's returning for legacy because Pacquiao is still boxing and of course "Finito" Lopez going 51-0

[Curt Henning]

you only have to report on money you receive lmfao, he doesnt have to report 200 million if he hasnt received it yet. he getting his money in installments 3mill a month he only has to report the money he took in for that entire year 3x12= 36 million so he only has to report 36 million.

and PS I dont believe for a second mayweather is on some payment plan.

and if floyd does have tax problem im not saying he does, it will most likely be from the non boxing money he takes in that he doesnt turn in the checks to the accountant first so they do their magic and then cut him a check/deposit the free and clear money into his account.

floyd has stated on several times on video interviews that he stakes monthly checks

[.!WAR MIKEY!.]

floyd has stated on several times on video interviews that he stakes monthly checks

yeah from his other investment not from his boxing lol. He owns property, so of course he has monthly checks coming in.

[Curt Henning]

yeah from his other investment not from his boxing lol. He owns property, so of course he has monthly checks coming in.

his "investments" include total control on his fights...from souveneirs to concessions...its been broken down in several articles....how haymons concert promotion background spilled over into boxing with floyd fights in particular...floyd had total control and owned the entire show...that is also part of his investment portfolio.....floyd disperses his money to himself in monthly installments.....

allen iverson is often thought of as broke...but several people in the know have told us that he actually has like 50 mil in an account that he cant touch until a certain age...cant remember the exact age...if its 50 or 55 or whatever....but everyone assumes hes poor because he was playing in garbage leagues

ahhh matter of fact...i just found the details

https://basketballforever.com/2016/0...k-going-broke/

In 2001, Iverson made a decision that would inevitably save him from his future self. He signed a very unique endorsement deal with Reebok. In addition to paying $800,000 a year for life, Reebok set aside $32 million in a trust fund that Allen will not be able to access until he turns 55 in the year 2030. This deal came to light when Allen’s ex-wife filed for divorce. As a result of the divorce, Allen will inherit half the trust fund in 2030.


trust me...you dont know floyds financials and how hes got himself set up...people keep hoping hes going broke...hes got some smart people around him that wont let it happen

[.!WAR MIKEY!.]

his "investments" include total control on his fights...from souveneirs to concessions...its been broken down in several articles....how haymons concert promotion background spilled over into boxing with floyd fights in particular...floyd had total control and owned the entire show...that is also part of his investment portfolio.....floyd disperses his money to himself in monthly installments.....

allen iverson is often thought of as broke...but several people in the know have told us that he actually has like 50 mil in an account that he cant touch until a certain age...cant remember the exact age...if its 50 or 55 or whatever....but everyone assumes hes poor because he was playing in garbage leagues

ahhh matter of fact...i just found the details

https://basketballforever.com/2016/0...k-going-broke/

In 2001, Iverson made a decision that would inevitably save him from his future self. He signed a very unique endorsement deal with Reebok. In addition to paying $800,000 a year for life, Reebok set aside $32 million in a trust fund that Allen will not be able to access until he turns 55 in the year 2030. This deal came to light when Allen’s ex-wife filed for divorce. As a result of the divorce, Allen will inherit half the trust fund in 2030.


trust me...you dont know floyds financials and how hes got himself set up...people keep hoping hes going broke...hes got some smart people around him that wont let it happen

lmfao wtf is you talking about?

I telling dude how I doubt floyd owes taxes or what not but explained to him how his theory is wrong when it comes to paying taxes, you writing a damn book about what? how floyd makes money lmfao IDGAF.

and FYI allen iversion had nothing to do with that fund wasnt even his idea, reebok stipulated that as part of his contract he didnt want it but nike wouldnt do the deal without it. it was all over the news at the time. honestly think its still one of the only deals like that.

[Curt Henning]

lmfao wtf is you talking about?

I telling dude how I doubt floyd owes taxes or what not but explained to him how his theory is wrong when it comes to paying taxes, you writing a damn book about what? how floyd makes money lmfao IDGAF.

and FYI allen iversion doesnt had nothing to do with that fund wasnt even his idea, nike did it on his behalf cause they knew he was gonna be another dummy.

it was reebok actually.....and dont u think someone like haymon or ellerbe are capable of setting floyd up if they think hes going to be a "dummy"????

the dummy here is you...you dont know **** really about anything.....thats why you cant understand what im talking about

floyd had total control over his shows...from concessions to souveneirs.....everything....the gate...the whole show...thats part of his investment portfolio....he pays himself out monthly.....yes he has real estate and other stuff too...but his fights are part of his investments because he and haymon took full control of his shows

you are out of your realm....stop trying to talk money

[Bobby Shaw]

so in short, yes, he has IRS problems? got it.

Tax planning and tax problems are different things. It's All about revenue protection.