It Looks Like $ Problems For Mayweather

[M.I Truth ?]

This article is MORE than four years old

It wouldnt surprise me if it was.

[deanrw]

The more I think about this, the more I'm convinced he is not broke at all. I think he may be going through a personal recession, in that he is having cash flow problems, but the guy is not broke.

By fighting and selling off some excess stuff, he will be fine. If that 7 million is land taxes as Horus says, it means he has a ton of money invested in property. He is not broke, but just having cash flow issues.

[M.I Truth ?]

By the way the whole article seemed to written in hate and jest.

[M.I Truth ?]

Mayweather sidekick Laughing Lenny Ellerbe will act as the auctioneer at the yard sale. WBC title belts and other trinkets will be marked down from their usual $39.95 retail price in this once in a lifetime (Mayweather hopes anyway) offering.

Given the date, Ellerbe will wear a red,white and blue Uncle Sam costume while head trainer Roger Mayweather, if not incarcerated at the time, will wear his always comical ‘I AM NOT AN IRS AGENT’ sweatshirt.

The real ***el of the Mayweather Estate, the prestigious universally recognized BOXING'S BEST POUND FOR POUND SYMBOLIC BELT, will not be up for purchase as it is now dusty and musty with the current owner of the current belt believed to be living in some Asian archipelago.

"We thought that the pound for pound diadem would be worth millions but it's all dusty and musty now," said a Meayweather brokesperson named I.O. Plenty.


Did anyone really take this seriously? I'm just asking.

[jreckoning]

This arguement that "7% was withheld for federal taxes" is absurd. Fighters are 1099 independant contractors, and NOT employees, thus they are exempt from federal withholding. In all my years in the business the only time I have seen money withheld for the federal government is for foreign fighters who fight in the US (30%, but they can file and get it back), or back child support or IRS leins if under court order.

LOL. And here I thought I was getting robbed paying over 30% on a 1099.
Hell my bonus checks are taxed at 35% and it's a lot less than Mayweather gets (ha ha ha)

7%, **** most people in the U.S. on a 1099 pay easily more than 30%
In fact most people working for employees get way more than 7% taken out.
so if you made 150 million you could easily owe over 40 million in taxes if not careful.

[The Gambler1981]

LOL. And here I thought I was getting robbed paying over 30% on a 1099.
Hell my bonus checks are taxed at 35% and it's a lot less than Mayweather gets (ha ha ha)

7%, **** most people in the U.S. on a 1099 pay easily more than 30%
In fact most people working for employees get way more than 7% taken out.
so if you made 150 million you could easily owe over 40 million in taxes if not careful.

Yea, it could be an outrageous number he owes if he did not pay taxes in 2007 especailly with fines and interest. You do not mess with Uncle Sams money, he will do much worse then break your legs~.

On the plus side if this is the case we should be seeing him around for a minute, also it would make sence why he would not take the King supposed $100 million offer, he would ahve to pay mad taxes on that lump sum, then pay off what he owes he would have almost nothing left, and then to get that money upfront you have to figure King would be shiesting him on back end of the deal (back end meaning everything after the big lump sum payment).

[deliveryman]

lol @ floyd saying dlh/floyd and hatton/floyd was done in a recession.

The Hatton fight was done in a recession, which started November of '08.

[ottoevans]

he must be broke look at the clothes hes been wearing. First it was the wife beater, now hes been wearing the same white t in every interview lol

[M.I Truth ?]

Did anyone actually read the article?

[Jim Jeffries]

The Hatton fight was done in a recession, which started November of '08.

I hate to break it to you but the Hatton/Mayweather fight was in December of 07