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

[KayDub]

Still some of the dumbest people are on this site.

One idiot mentions special rates for llcs... There are no special rates for llcs. Llc income is treated as pass through income.

Then we have the morons mentioning that the wealthy don't pay much taxes... That's capital gains on investments which i believe is 15% right now. This 300 million figure will be taxed as personal income, not capital gains.

There's idiots talking about deductions... Which don't alleviate much tax liability. Floyd would need over 200 million in deductions just to get him to that 26 million tax bill. So Floyd would've needed to spend 200 million in charitable donations and/or expenses related to his business.

Seriously... The dumbest people here...4

[Bjl12]

I thought Floyd made 300mil in 2015 ?

Thats 118mil in taxes so he owes another 96 mil.

TBE. The Brokest Ever.

Umm what? In America the wealthiest people get the most tax breaks. Even so I would expect he owed a little more money, but I definitely would NOT be surprised if the story is completely fabricated.

Either way I don't care what another person earns or what their tax situation might be. I mean the president of the US suggests all people hire lawyers to avoid paying taxes...so what's that say about paying taxes anyway? And why are people concerned or have an opinion about someone else's ability to pay taxes or (in this case) desire to?

[TexasCowBoy]

So desperate to defend his God Floyd that he even brought up Donald *****

You've seen *****'s tax returns, really? Shiiit, you provide those to the ******* media and they'd make you rich if that were true.

Grow up lol.

You took that boy to school.....it is funny to see all these groupies wearing their knee pads in a concerted effort

[MisanthropicNY]

Umm what? In America the wealthiest people get the most tax breaks. Even so I would expect he owed a little more money, but I definitely would NOT be surprised if the story is completely fabricated.

Either way I don't care what another person earns or what their tax situation might be. I mean the president of the US suggests all people hire lawyers to avoid paying taxes...so what's that say about paying taxes anyway? And why are people concerned or have an opinion about someone else's ability to pay taxes or (in this case) desire to?

You sound more insecure about Floyd's financial troubles than Floyd does lol.

Why does anyone care about Floyd's ability to pay taxes? Why are you here defending it

[megas30]

The Article says he paid $26mil.

A simple google search showed Forbes estimates he earned $300mil in 2015.

A simple online tax calculator will show that Federal taxes on 300mil income in 2015 in Nevada were around 118mil.

Leaving a tax debt of $94mil.

TMT - Transfer More Tax.

This is not how it works. What you see is just his tax bracket. I am pretty sure all this money goes through Mayweather's Promotion and other business entity setup in his name. Through a corporation, he will likely have many write-offs.

[GGG Gloveking]

Bill Clinton, former Ivy league lawyer, paid roughly 34% federal taxes in 2015. Are we trying to say Floyd is smarter?

[daggum]

Still some of the dumbest people are on this site.

One idiot mentions special rates for llcs... There are no special rates for llcs. Llc income is treated as pass through income.

Then we have the morons mentioning that the wealthy don't pay much taxes... That's capital gains on investments which i believe is 15% right now. This 300 million figure will be taxed as personal income, not capital gains.

There's idiots talking about deductions... Which don't alleviate much tax liability. Floyd would need over 200 million in deductions just to get him to that 26 million tax bill. So Floyd would've needed to spend 200 million in charitable donations and/or expenses related to his business.

Seriously... The dumbest people here...4

floyd gave away 200 million dollars worth of frozen turkeys to homeless people(who have no means of cooking them)

[GGG Gloveking]

floyd gave away 200 million dollars worth of frozen turkeys to homeless people(who have no means of cooking them)

Lol. This is the same guy that tried to send a 1099 to a strip club for tipping hoes. Now they're acting like hes Warren Buffett with the tax code

[soul_survivor]

If everyone is being honest, Floyd paid a total of $26m in federal taxes in 2015, there's an amount of tax for that year's income that still needs to be settled being what Floyd's already paid, and Floyd's camp wants to wait until September to pay that balance, rather than mess with any of the money invested that he has now (feds want that remaining balance yesterday, tbh).

Exactly. It's embarassing for Floyd but if he really has the assets he claims he has, then he can use the money from the McG fight to pay the taxes and still be sitting on hundreds of millions of dollars. NO harm done.

[Scopedog]

Floyd always gave me the impression that he thought that he was some kind of financial mastermind and that the proof of his being "The Best Ever" was the size of his bank account and the amount of 0s on the cheques that he got written for him. Having the taxman breathing down his neck isn't a good look for him no matter what the facts of the matter truly are.