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Getbig Main Boards => Gossip & Opinions => Topic started by: Royalty on July 10, 2017, 11:29:23 AM
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Floyd Mayweather asks IRS for temporary reprieve. He can't afford to pay his 2015 taxes until after he gets paid for his bout with McGregor.
http://www.espn.com/boxing/story/_/id/19952963/floyd-mayweather-leans-conor-mcgregor-bout-tax-petition-asks-irs-temporary-reprieve
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as long as there will be new cars produced every year he will eventually be broke no matter how much he earns
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i read Holyfields book, he has a rant about how boxers end up broke and how they should just put a couple of million away and just forget about it as a fall back, then himself ends up on UK Celeb Big brother because hes broke.
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i read Holyfields book, he has a rant about how boxers end up broke and how they should just put a couple of million away and just forget about it as a fall back, then himself ends up on UK Celeb Big brother because hes broke.
Hiolyfield "spoke" at the AOBS (Barbell / Strongman dinner) last OCT.
1 hour of blabbering, last guy who should be giving out any sort of life advices.
We walked out 1/2 way thru it, it was embarrassing. All I could make out was the 1000 times he said "My Mamma, My Mamma"...
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hebrews are the goat financial managers.
this kind of stuff rebuts that black isrelite theory tbh. how can you be the real jews but so shit with money?
U have some serious mental issues with this constant stupidity.
What the fuck is wrong with you?
Sooo fucking annoying. You sound pretty fucking stupid to be honest.
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Arrogant prick, usually such guys think that all they can keep 100% of what they earn......you'd think they would hire the best lawyers, fiscalists and accountants, but apparently not....
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negro money management
I'm sure McGregor would have loved this information a few weeks ago when they were signing contracts
he could have held out for a much bigger cut
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(https://media.giphy.com/media/kIZEXjPNlzEFq/giphy.gif)
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Mayweather will eventually be as broke as Tyson one day,
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Mayweather will eventually be as broke as Tyson one day,
But he will still be rich.
These guys aren't broke like old time boxers from the 20's - 60's. Todays champions have lucrative speaking engagement and appearance fees.
The "broke" they'll experience will still allow them to be millionaires. Just not filthy rich like their were before.
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Floyd Mayweather asks IRS for temporary reprieve. He can't afford to pay his 2015 taxes until after he gets paid for his bout with McGregor.
http://www.espn.com/boxing/story/_/id/19952963/floyd-mayweather-leans-conor-mcgregor-bout-tax-petition-asks-irs-temporary-reprieve
That's actually normal for the wealthy..its to make even more money on the compounding interest
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That's actually normal for the wealthy..its to make even more money on the compounding interest
Not much interest to compound... interest rates have been very, very low since 2009. You might make 0.5% on a simple saving account, a little more on longer term CDs. Keeping large amounts of cash in a saving bank these days is foolish. I remember in the early/mid 80's I was earning 15-16% on a simple savings account... now that was something.
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you can break out of shawshank, but you'll end up homeless in Mexico.
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There's greater yield out there to an active smart investor sadly there are not to many of them, and generational wealth that has been historically protected by interest rates and passive property investments are under duress from the spending habits of the useless second and third family generations, I manage assets for a living I see it everyday, its the great equalizer in life in many cases rich people breed spoilt dumb kids who have no idea how to manage wealth or how to change investment strategy as governments and markets change, Rags to riches to rags again all in three generations, you get the occasional smart guy who will invest in his kids, most lose everything leaving their business to their kids, always appoint people on merit not who they are.
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There's greater yield out there to an active smart investor sadly there are not to many of them, and generational wealth that has been historically protected by interest rates and passive property investments are under duress from the spending habits of the useless second and third family generations, I manage assets for a living I see it everyday, its the great equalizer in life in many cases rich people breed spoilt dumb kids who have no idea how to manage wealth or how to change investment strategy as governments and markets change, Rags to riches to rags again all in three generations, you get the occasional smart guy who will invest in his kids, most lose everything leaving their business to their kids, always appoint people on merit not who they are.
Honest can you speak on all of these NFL and NBA players get "robbed" by their financial advisors/wealth mamagers?
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BITCH BETTER HAVE MY MONEY !!
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How much is this fucker supposed to be worth? I thought it was a couple hundred million.
What? He's claiming he's broke?
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How much is this fucker supposed to be worth? I thought it was a couple hundred million.
What? He's claiming he's broke?
Same here.......fucking unbelievable.
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(https://media.giphy.com/media/kIZEXjPNlzEFq/giphy.gif)
:D
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Floyd Mayweather Jr. petitioned the U.S. Tax Court last week as the boxing champ seeks more time to pay his 2015 taxes.
Mayweather's assets are “restricted and primarily illiquid,” and he asked the court for a three-month installment agreement, according to Law360, the first outlet to report the filing. That would allow Mayweather to pay off the tax bill with proceeds from his Aug. 26 bout with UFC's Conor McGregor in Las Vegas, a match where the 40-year-old boxer is expected to make more than $100 million.
“The taxpayer has a significant liquidity event scheduled in about 60 days from which he intends to pay the balance of the 2015 tax liability due and outstanding,” Mayweather's attorney, Jeffrey Morse, wrote in the filing per Law360.
The IRS resisted Mayweather's installment request, saying Mayweather had enough assets to cover the tax bill. Mayweather's earnings in 2015 were estimated to exceed $200 million, with most of the income coming from facing Manny Pacquiao in May of that year.
Mayweather had previously petitioned the U.S. Tax Court over his 2006 tax return. That petition, originally filed in 2013, was settled before a trial last year. Mayweather agreed to pay the $1.627 million tax bill with no penalty, according to the judgment entered.
They're saying that he could make 100 million off the McGregor fight and he's complaining about a 2015 tax bill? >:(
The piece of shit can't even fight. I doubt he could even knock out a girl.
He's claiming he doesn't have that much in liquid assets (cash). ::)
Bullshit.
How can you have that kind of money and not keep at least ten percent of it as accessible cash? ???
I hope McGregor kicks the fucking shit out of this a-hole.
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They're saying this monkey could make 100 million off the McGregor fight and he's complaining about a 2015 tax bill? >:(
The piece of shit can't even fight. I doubt he could even knock out a girl.
He's claiming he doesn't have that much in liquid assets (cash). ::)
Bullshit.
How can you have that kind of money and not keep at least ten percent of it as accessible cash? ???
I hope McGregor kicks the fucking shit out of this a-hole.
Do you think that Floyd is doing his own taxes??? ::) obviously he has an accountant
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How much is this fucker supposed to be worth? I thought it was a couple hundred million.
What? He's claiming he's broke?
He's not broke. He has plenty of assets. Even guys like trump don't hold much liquidity. And the IRS claims he does have it.
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i read Holyfields book, he has a rant about how boxers end up broke and how they should just put a couple of million away and just forget about it as a fall back, then himself ends up on UK Celeb Big brother because hes broke.
Evander forgot about condoms.
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Do you think that Floyd is doing his own taxes??? ::) obviously he has an accountant
Vince, who does your taxes?
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That's actually normal for the wealthy..its to make even more money on the compounding interest
Interest rates are at / near an all time historic low, so forget about compounding
BS if someone says that he has loads of money but can't access it because it all tied up in real estate or other "investments"
If that was true, any proper bank will loan you the money you need to pay such taxes, because that person will have enough security for the bank(s)
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i read Holyfields book, he has a rant about how boxers end up broke and how they should just put a couple of million away and just forget about it as a fall back, then himself ends up on UK Celeb Big brother because hes broke.
Even if they did put a couple mill away, they still end up broke. Low IQ types are destined to end up broke. The ghetto mentality is hard wired.
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Do you think that Floyd is doing his own taxes??? ::) obviously he has an accountant
WTF does that have to do with his ability to pay the outstanding taxes? ::)
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It turns out that this piece of shit owes the IRS 22.5 million! :o
Report: Boxer Floyd Mayweather Owes the IRS $22.5 Million
Documents made public seems to show that boxing great Floyd Mayweather owes the IRS $22.5 million on his 2015 taxes.
According to a lien filed by the Internal Revenue Service, the boxer still owes on his big payday from the Manny Pacquiao fight, ESPN reports.
The federal tax agency filed the lien against Mayweather with county officials in Las Vegas, according to reports. Mayweather responded by filing for a temporary reprieve with the U.S. Tax Court.
Mayweather also jumped to his Instagram account to insist that his “empire” is still financially solid.
“Believe half of what you see and none of what you hear, especially when it comes to media in this country,” the boxer wrote on a July 18 Instagram post.
“While everyone is counting my money and assuming the worst,” Mayweather added, “these are the facts… Uncle Sam, received $26,000,000.00 from me in 2015! What else could they possibly want?”
“Bottom line, everybody just wants to be a part of the “Money May” show, including the IRS!” he insisted.
Mayweather concluded insisting that “my empire is rock solid and intact.
The outspoken boxer’s IRS troubles come on the heels of an announcement that he has secured a match with MMA star Conor McGregor which is scheduled for August and could earn Mayweather up to $200 million.
Some speculate that Mayweather filed his temporary reprieve to give him time to collect from the McGregor fight to pay his 2015 debt.
Totally ridiculous. ::)
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That's actually normal for the wealthy..its to make even more money on the compounding interest
Why do you post in threads about money or rich people?
We don't need anymore proof that you're a brokeass idiot.
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That's actually normal for the wealthy..its to make even more money on the compounding interest
Vince, is this the strategy that you use in order to increase the profit for the Caliber Fitness Empire?
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I think it's a financial move. Asking for a two month extension to pay his Taxes, he would make an additional few million dollars in interest by leaving the money in where it's collecting interest at 10% or more.
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I think it's a financial move. Asking for a two month extension to pay his Taxes, he would make an additional few million dollars in interest by leaving the money in where it's collecting interest at 10% or more.
You are dumb as fuck, nobody will pay him 10% interest ::) ::) ::) ::)
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Even if they did put a couple mill away, they still end up broke. Low IQ types are destined to end up broke. The ghetto mentality is hard wired.
Blacks often lose all their money to "hangarounds".....their posse, or whatever stupid ghetto fake name they give to things
Leeces would be more appropriate....it's what these vague never working blacks really are
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Habitual forgot to pay the IRS guy......
http://deadspin.com/floyd-money-mayweather-has-had-trouble-paying-his-tax-1796854654
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Even if they did put a couple mill away, they still end up broke. Low IQ types are destined to end up broke. The ghetto mentality is hard wired.
You know, when you get hit in the head a lot, one tends not to make the most sound decisions.
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Floyd is a little broke ass bitch.
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You are dumb as fuck, nobody will pay him 10% interest ::) ::) ::) ::)
You think he has his money lying around in the bank savings account, earning .05% interest? Dumbass. ::) ::) ::) The amount of cash he has, it would be in a high yield type of account at very minimum.
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Floyd is a little broke ass bitch.
Not for long
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You think he has his money lying around in the bank savings account, earning .05% interest? Dumbass. ::) ::) ::) The amount of cash he has, it would be in a high yield type of account at very minimum.
Floyd once showed an ATM receipt with over $120 million in his account. I think it was on an ESPN clip.
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Keeping his money as long as he can makes no sense. THe interest and penalties that the IRS charges is higher than anything you could earn.
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Regardless of what he owes to the IRS..
He is making at least $100 million guaranteed..
Regardless of what the ppv buys are..
Floyd will probably not pay his 2017 taxes on time..
;D ;D
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By 2024, I guarantee he will broke.
Guaranteed.
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Connor strikes me as a guy that will probably be broke in 20 years.
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I would say give it 7-10 years after he retires he will be filing bankruptcy papers
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Why do you post in threads about money or rich people?
We don't need anymore proof that you're a brokeass idiot.
I'll post whereever I please, guy. So suck your father's dick
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I do Fed taxes for family and friends each year but always on time, so I never have to compute the penalty for late submissions .... BUT .... I believe that that penalty is pretty damn reasonable ... unless of course you happen to be 20+million in arrears.
And I have been told that it's pretty damn easy to "cheat a bit" if your main income source is as a "Personal Trainer".
I'm going to "advance my education" a bit and do my best to compute the late submission fee on a $20,000,000 late tax obligation and pass it on to those GetBiggers who are in a similar situation.
Stand by to stand by.
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WARNING: THE FOLLOWING IS A BIT COMPLICATED BUT MAY BE OF SOME INTEREST TO A COUPLE OF GETBIGGERS. SO NOW I HAVE TO DO SOME MATHWORK AND POSSIBLY TALK TO MAYWEATHER WHOM I RARELY SEE ON THE GYM BASKETBALL COURT.
The late filing penalty is 5% of the additional taxes owed amount for every month (or fraction thereof) your return is late, up to a maximum of 25%.
If you file more than 60 days after the due date, the minimum penalty is $135 or 100% of your unpaid tax, whichever is smaller.
The late payment penalty is 0.5% (1/2 of 1 percent) of the additional tax owed amount for every month (or fraction thereof) the owed tax remains unpaid, up to a maximum of 25%.
For any month(s) in which both the late-payment and late-filing penalties apply, the 0.5% late-payment penalty is waived.
Your actual amount obviously varies depending on how much you owe and how late you are.
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WARNING: THE FOLLOWING IS A BIT COMPLICATED BUT MAY BE OF SOME INTEREST TO A COUPLE OF GETBIGGERS. SO NOW I HAVE TO DO SOE MATHWORK....
The late filing penalty is 5% of the additional taxes owed amount for every month (or fraction thereof) your return is late, up to a maximum of 25%.
If you file more than 60 days after the due date, the minimum penalty is $135 or 100% of your unpaid tax, whichever is smaller.
The late payment penalty is 0.5% (1/2 of 1 percent) of the additional tax owed amount for every month (or fraction thereof) the owed tax remains unpaid, up to a maximum of 25%.
For any month(s) in which both the late-payment and late-filing penalties apply, the 0.5% late-payment penalty is waived.
Your actual amount obviously varies depending on how much you owe and how late you are.
so how many apples does John have left?
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BETHERE, I don't know anything about John's apples, but if you ask me if the cat in the box is alive or dead, I could possibly be of assistance!
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How much is this fucker supposed to be worth? I thought it was a couple hundred million.
What? He's claiming he's broke?
He claims he's worth 800 million dollars which is probably his lifetime total earnings however he assumes we don't know that he has to pay out of his winnings maybe 10% to his manager 10% to his advisor 10% to his consultant and 10% or more to his training team and cut men and Dr for every fight and then yes to pay taxes on that so it's 800 million is more like 150 or something and that's not even including his so-called businesses and his staff of dozens and dozens if not hundreds of employees including his bodyguards alone making six figures each even though he's been fucking retired for two years. And he claims he's a businessman yet he can not read. Seriously the dude cannot read. He's illiterate. How can he read a prospectus or a balance sheet for quarterly reports and he said so-called businessman? And the dude walks around with that hundred something million-dollar check which he hasn't deposited yet showing it off to everybody yet he's too broke to pay the IRS?
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He claims he's worth 800 million dollars which is probably his lifetime total earnings however he assumes we don't know that he has to pay out of his winnings maybe 10% to his manager 10% to his advisor 10% to his consultant and 10% or more to his training team and cut men and Dr for every fight and then yes to pay taxes on that so it's 800 million is more like 150 or something and that's not even including his so-called businesses and his staff of dozens and dozens if not hundreds of employees including his bodyguards alone making six figures each even though he's been fucking retired for two years. And he claims he's a businessman yet he can not read. Seriously the dude cannot read. He's illiterate. How can he read a prospectus or a balance sheet for quarterly reports and he said so-called businessman? And the dude walks around with that hundred something million-dollar check which he hasn't deposited yet showing it off to everybody yet he's too broke to pay the IRS?
And you have a net worth of?