Pacquiao being paid peanuts at toprank.

LMAO a wellfare abuser worried about a millionaire's finance's.

Only on ESB.

 

I guess that explains why he is working two jobs...

But as they say its not how much you make its how much you save.

 

and GGG gets paid 400 grand for his title defenses
kid chocolate 150 grand

thread epic fail

 

Yea as you can see right lol

 

Geeeezzz man I didn't say it was you working at a factory..but hey thanks for telling us your very upset man wow LMAOOOOO……hey lien great work did you google that first lol…..well manny still live better then me he has 5 houses and 12 cars which I don't and unless your the FACTORY CEO you don't either lol…and the irs puts a LIEN on your stuff UNTILL you can produce paperwork showing were you paid your taxes or pay what they are asking for……but hey the guy a multi millionaire he and floyd so what do I care lol

 

For the next couple years, whenever pac gets paid the IRS & BWI will be there to snatch the check out of his hands.
The only way he can speed up the repayment of his debt is to get a Mayweather fight, else he'll be repaying them for years to come.

 

Ion no bro I think he settled that already and they probably made him pay a small amount like they did floyd a few years back……but same thing happen to Steve harvey he had to pay 20 because of his accountant but who knows manny is still living good I doubt he has to pay 60 mill lol according to the thread he haven't even made 60 in all his fights lol But just because you owe dont mean your BROKE….hell I wouldn't dish out 30 mill from my bank even if I had it I'd set up payment arrangements over time!!

 

In 2012 Manny was the 2nd highest paid athlete with somewhere like $67M in earnings.
I read an article that said the Manny must pay back the IRS 40% of his purse for each fight. That's just to apply to his debt and doesn't include the regular IRS tax deduction or the Philippine tax debt.

 

Noway…in vegas they already have to pay 40% of purses to taxes so I doubt that…he still has nike and other companies he works for to so ion man but who knows either way those guys a rich so….on to other news y'all ready for B-HOP

 

floyds a rich coward

 

How do you know that?

I own an accounting and financial planning business and most of what's being said on this thread is 100% grade A bull****.

First of all if one does assume he owes this money, and that's a pretty big assumption in itself since Arum would be required to withhold some of the money, since Pac isn't a US citizen and therefore foreign taxes would have to be with held.

http://www.irs.gov/pub/irs-pdf/fw8ben.pdf

But perhaps the PPV money was paid to a corporation that funnelled the money out of the country, stranger things have happened. But it was Pac's intent to avoid paying these taxes, it wouldn't make much sense having fought his last fight in Vegas.

Secondly, who's to say he doesn't have any $$. What's the value of his houses, maybe he has investment accounts? etc. These could collectively be worth 10's of millions of dollars and could potentially exceed whatever tax obligations he has by a huge margin.

 

You generally don't get double taxed, what happens is when you pay tax in the US it would count as foreign tax paid on his tax return in the Philippines, that's usually how this works, but I'm certainly not an expert on Philippine taxes nor am I aware of whether or not there's a tax treaty between the two countries.