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

[Mr. 29K]

prob something weird tbh some kind of income he didnt think about. is kinda crazy tho that someone can give 26 million and its still not enough no matter how much he made that year. maybe im to conservative when it comes to taxes but that just seems crazy to me. ya the wealthy should pay their fair share but 25 ****ing million is still 25 million regardless of percentages

People want Floyd to go broke so bad, lol. I guess they want the satisfaction of saying "I told you so!" if it ever happens.

They tryna keep us down! Black Powah!

[.:: JSFD26 ::.]

Floyd's white knight hadn't been seen in MONTHS and now all of the sudden he is back and replying to every post in this thread.

I wonder if he also reads Floyd bed time stories at night since we know Floyd can't read.

[GGG Gloveking]

Nothing "super-benevolent"; simply acknowledging that they are politicians, ********ic Party politicians at that. Barack *****, Joe *****, and a host of other politicians can file their taxes, take every break afforded to them, and not face any backlash, for the simple fact that they are still relatively normal; own one home, never really made ridiculous money, can give what they can to charity, etc.

Mitt Romney, and other moneyed politicians can't, for the simple fact that if they did so, their effective tax rate would be near zero, a political nightmare in the face of a voting public that pays, between federal/state/local/sales and Medicare/Social Security anywhere from 10%-40% of their own income in taxes.

Are the Clintons "********ic Party Politicians", or are they "moneyed politicians"?

And your argument is flawed in light of ***** not even divulging his returns yet winning the White House

[madsweeney]

Not $235mil.

Which is what he'd need to have in losses in 2015 to pay $26mil.

The richest people in the US on average save about 5% in tax.

Its more like 18%

The primary reason is that these people do not make the majority of their income through a paycheck like you and I. Instead, they earn through capital gains. To put it simply, They earn cash, pay taxes on in, re-invest it, and for any gains, they pay more taxes on it.

Same thing happens if you get some RSU's/stock options. In the top 1%, they just earn more from their stock earnings than regular income so it seems they pay less.

[Hype job]

Floyd's white knight hadn't been seen in MONTHS and now all of the sudden he is back and replying to every post in this thread.

I wonder if he also reads Floyd bed time stories at night since we know Floyd can't read.

He wants to be his personal masseur so bad

[MontanaSlim]

Money

Hey Mayweather, when's the garage sale? LOL!

[MontanaSlim]

How many more generations is that going to be an excuse?

[.:: JSFD26 ::.]

He wants to be his personal masseur so bad

It's pretty pathetic. He has been missing for a ****load of months and now he's going all out white knighting. Hes trying to one-up Larry when it comes to Floyd.

[!! Shawn]

Its more like 18%

The primary reason is that these people do not make the majority of their income through a paycheck like you and I. Instead, they earn through capital gains. To put it simply, They earn cash, pay taxes on in, re-invest it, and for any gains, they pay more taxes on it.

Same thing happens if you get some RSU's/stock options. In the top 1%, they just earn more from their stock earnings than regular income so it seems they pay less.

They also tend to defer earnings. People saying Floyd plaid the tax system because he is smart don't know the tax system. There aren't that many way to get out of paying full rate earnings that are paid to you in one lump sum, that are not capital gains.

There are not enough deductions in the world to reduce Floyd's tax bill to anywhere near 26million.

UNLESS, he lost a HUGE amount of money in an investment such as PBC. (Wouldn't surprise me).

[!! Shawn]

He better start investing in boats asap.

Someone needs to bump that thread.