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

One of the bigger boxing stories in the last few days, was the fact that former five division world champion Floyd Mayweather filed an appeal with the IRS regarding overdue taxes.

Mayweather filed a tax court petition on July 5, asking the IRS to grant him a reprieve and allow him to pay his taxes after he is paid for next month's bout vs. mixed martial arts star Conor McGregor.

The 40-year-old Mayweather is coming out of retirement to face McGregor on Aug. 26 in a fight that could net the boxer a nine-figure payday.

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The IRS wants Mayweather (49-0) to pay his taxes for 2015. Mayweather has earned an estimated $700 million in his career, Forbes magazine reported, including a staggering $220 million from his much-hyped fight against Manny Pacquiao in May 2015.

"Although the taxpayer has substantial assets, those assets are restricted and primarily illiquid," the petition by Mayweather said in a filing posting on Law360.com. "The taxpayer has a significant liquidity event scheduled in about 60 days from which he intends to pay the balance of the 2015 tax liability due and outstanding."

Mayweather, who retired from boxing after defeating Andre Berto in September 2015, took to social media to react to the circulating reports regarding his finances.

"Believe half of what you see and none of what you hear, especially when it comes to media in this country. While everyone is counting my money and assuming the worst, these are the facts... Uncle Sam, received $26,000,000.00 from me in 2015! What else could they possibly want? I'm sure I would have been notified much sooner if there were any real discrepancies right?," Mayweather stated.

"Bottom line, everybody just wants to be a part of the 'Money May' show, including the IRS! That's fine, you can crunch numbers all day but in the end, my empire is rock solid and intact! Now Calculate That!"

User Comments and Feedback
Comment by Scipio2009 on 07-13-2017

[QUOTE=GGG Gloveking;17854381]Who is paying 5% tax? Why should it matter how Obama made his money, he's rich and should "pay his fair share". You keep moving the goalposts. First, it's moneyed politicians couldn't deduct, then it's certain ones can, now…

Comment by boxinggod101 on 07-13-2017

[QUOTE=STAX ON DECK;17853800]yall still mad that we undefeted and STACKINN,,,,,,,,,,,???[/QUOTE] Yo ah don' know ah think Floyd should pay his taxes like everybody. He lied 'boutbeing thst rich an' dat 100 million bone check iz prob'ly fake. Why wouldn't he…

Comment by GGG Gloveking on 07-13-2017

[QUOTE=Scipio2009;17853796]Barack Obama earned near all of the money that he had with 1)his salary as President and 2)the sale of his book. No one begrudges what his taxes were, because he's still operating with a relatively normal tax setup. His…

Comment by STAX ON DECK on 07-13-2017

yall still mad that we undefeted and STACKINN,,,,,,,,,,,???

Comment by Scipio2009 on 07-13-2017

[QUOTE=GGG Gloveking;17852477]Thats not what you said. You said this... After saying this, you came back with the 'Democrats can't take deductions but Republicans can' statement which seems to contradict this statement[/QUOTE] Barack Obama earned near all of the money that…

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