Terrible financial advice from Mayweather's on dad...more self inflicted pain...

Discussion in 'World Boxing Forum' started by PeteDawg, Aug 17, 2010.


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  1. Gander Tasco

    Gander Tasco Obsessed with Boxing Full Member

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    This is just stupid. So he doesn't want to fight Pac because of taxes?? Great excuse. What difference will next year make? He's gonna get taxed either way. Just a bs excuse it sounds like to me.
     
    Gander Tasco, Aug 17, 2010
    Gander Tasco, Aug 17, 2010
    #16
  2. PeteDawg

    PeteDawg Observant Observer Full Member

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    Well, your expert opinion left out that Obama is putting that cap at 28% in 2011. Ask the the Salvation Army or Catholic Charities they know they're going to take a big HIT next year. It still doesn't hide the fact that Floyd Jr. will still have to pay 4.5% more next year than this year. If it was based on a financial decision...It was stupid... :hey
     
    PeteDawg, Aug 17, 2010
    PeteDawg, Aug 17, 2010
    #17
  3. u13

    u13 Member Full Member

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    Like I said 9 times out of 10 I will scroll past because that font isn't made for on screen, it makes it an effort to read your posts. (I'm a typographer)
     
    u13, Aug 17, 2010
    u13, Aug 17, 2010
    #18
  4. PeteDawg

    PeteDawg Observant Observer Full Member

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    :good


    Fine, duly noted...you're a typographer. Now, was Floyd Sr's argument that it was a financial decision for not having the fight this year a good or bad point??? :hi:
     
    PeteDawg, Aug 17, 2010
    PeteDawg, Aug 17, 2010
    #19
  5. J.E.Cash

    J.E.Cash Boxing Addict Full Member

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    This has already been dicussed, it will still be better financially to push the fight until next year.

    Rather than taxes on over $100 Million being due in early 2012, it will spread what needs to be paid over to 2013 and possibly even some of it into 2014 (since PPV money doesn't come in all at once, it trickles in over time). So some of the tax cuts expire, if he properly invests, he can easily make up the difference. Ever hear the term, a dollar today is worth more than a dollar tomorrow? This is a perfect example, by prolonging when he pays the government, he has time to make investments and capitalize on his money before giving some of it over to the Government. Of course, this is assuming Floyd has a smart financial advisor who will help him make wise investments.

    The second part is PPV sales generally do better in May than in November. In November most households are more carefull with their spending because of the Holidays. By pushing it over to May, PPV sales will surely go up; especially since many people would have already received their income tax returns. This alone could offset the expiration of the tax cuts.
     
    J.E.Cash, Aug 17, 2010
    J.E.Cash, Aug 17, 2010
    #20
  6. TheGreat

    TheGreat Boxing Junkie banned

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    :deal He just isn't very bright :verysad
     
    TheGreat, Aug 17, 2010
    TheGreat, Aug 17, 2010
    #21
  7. PeteDawg

    PeteDawg Observant Observer Full Member

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    :huh

    Your assuming many different variables... the facts are rich people hide there money in other investments all the time. Here's another fact next year they'll be dealing with another 4.5% in taxes as opposed to this year. He could do the exact same thing you're talking about this year with 4.5% less in tax liability. Please this is a no brainer. Companies around the US are claiming all the income they can now, because they know they're going to get hit next year.

    As far as you claiming May will be better than November, in a fight that is estimated to break all time records, where are the numbers you base this on? I'd like to look at them. In November more people tend to stay home as opposed to May when the weather is better around the country. And as far as financial conditions go 2011 is forecasted to be a worse year than 2010. :deal
     
    PeteDawg, Aug 17, 2010
    PeteDawg, Aug 17, 2010
    #22
  8. darryl1914

    darryl1914 Boxing Junkie Full Member

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    As I have posted so many times on these kinds of threads....I have never seen so many posters that have such a hatred for Mayweather, but spend an unusual amount of time reading and posting any and every possible thing about his life and/or the life of people around him. Kind of Sad...REALLY IT IS!!!!
     
    darryl1914, Aug 17, 2010
    darryl1914, Aug 17, 2010
    #23
  9. Lance_Uppercut

    Lance_Uppercut ESKIMO Full Member

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    STFU... :patsch You show sickly man-love for Floyd, so why ***** about others who don't like him? It all evens out drama queen....
     
    Lance_Uppercut, Aug 17, 2010
    Lance_Uppercut, Aug 17, 2010
    #24
  10. Interceptor

    Interceptor Guest

    Believe me..

    If his name were Floyd Martinez of Floyd Morales(and he was 7 shades lighter of course) the same haters would LOVE him.:deal
     
    Interceptor, Aug 17, 2010
    Interceptor, Aug 17, 2010
    #25
  11. PeteDawg

    PeteDawg Observant Observer Full Member

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    :huh:huh:huh

    Why is my pointing out the inconsistencies of Mayweather's actions vs. rhetoric, considered to be something as strong as hate. As I keep saying I don't know the man, so if I was to hang out with him, it would be fair to say that I actually might like him on a personal level. Hell, I offered to be his financial adviser and save him $2 million dollars. I wouldn't work for anybody that I hate.

    You accusing me of some "hate" just proves how empty your arguments are. This man has bragged about himself and at the same time has tried to hurt the reputation of a boxer that hasn't done a damn thing to him. Daryl1914 you might ask the Pretty One why he HATES Pacquiao so much... :good
     
    PeteDawg, Aug 17, 2010
    PeteDawg, Aug 17, 2010
    #26
  12. Phanekim

    Phanekim Well-Known Member Full Member

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    you guys fail to realize this guy is a money making machine.
     
    Phanekim, Aug 17, 2010
    Phanekim, Aug 17, 2010
    #27
  13. gatorbama

    gatorbama Well-Known Member Full Member

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    All I know is thAt if I don't like floyd mayweather, I'm not gonna spend my time creating posts critiquing everything he does. I'm going to focus on the people I do like.
     
    gatorbama, Aug 17, 2010
    gatorbama, Aug 17, 2010
    #28
  14. DobyZhee

    DobyZhee Loyal Member

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    petedawg..the font f'n sucks.

    It goes from well written in white to utter **** in a white bold bigger color. that's the only way I could seperate the two
     
    DobyZhee, Aug 17, 2010
    DobyZhee, Aug 17, 2010
    #29
  15. DobyZhee

    DobyZhee Loyal Member

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    in essence, he's giving back money to get his ass knocked out by Pac.

    lose lose situation.
     
    DobyZhee, Aug 17, 2010
    DobyZhee, Aug 17, 2010
    #30
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