Reports have been posted that Floyd Mayweather has not yet paid off his 2015 taxes, and now his upcoming bout with Conor McGregor will be the monetary gain needed to do so.
The Mayweather fan within me is praying he has a motive behind not paying these yet, but Floyd, much like Conor Mcgregor, is indeed a bit, well, frivolous in his spending and flaunting of money.
Anyway, here are those tax reports:
According to Forbes, which reported that the boxer filed a petition with U.S. Tax Court to forestall any action on those IRS-related liabilities until after the McGregor fight, scheduled for Aug. 26. The event is expected to generate hundreds of millions in total revenue, with Mayweather earning a nine-figure sum, much as he did for fighting Manny Pacquiao in May 2015.
“Although [Mayweather] has substantial assets, those assets are restricted and primarily illiquid,” the petition, filed last week, states. “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 is also asking for the IRS to waive certain failure-to-pay penalties, but the IRS’s position is that he has the ability to settle the bill by selling off a few of his assets. The agency has had several interactions with Mayweather in the past, reportedly filing liens against him at least five times since 2001.
If all of these reports prove to be true, Floyd indeed may need Conor more than we thought. I’m sure Conor will not hesitate to bring these issues to light in today’s press conferences.
Being a fight fan, not a hype fan, you see the tendencies of the masses to pick a villain and relentlessly root for their downfall. These tax troubles are indeed a selling point to Mayweather haters.
As this fight draws closer, it’s extremely disheartening to see so many people wish for a man who has done great things for the boxing community, like enabling other boxers to see the manipulating tendencies of big promotion companies, while simultaneously proving first hand it’s possible to become your own brand and boss within the sport.
It’s hard to defend someone who constantly posts millions of dollars laying on coffee tables, but hey the man is a self-made, hard working legend. Period.
Lets say these reports are indeed true, damnit Floyd, pay this shit. Let’s not see another great boxer lose in battle to the toughest appointment to boxers since its origin, the IRS.
But then there’s this.
Believe half of what you see and none of what you hear, especially when it comes to media in this country. While everyone is counting my money and assuming the worst, these are the facts… Uncle Sam, received $26,000,000.00 from me in 2015! What else could they possibly want? I'm sure I would have been notified much sooner if there were any real discrepancies right? Bottom line, everybody just wants to be a part of the "Money May" show, including the IRS! That's fine, you can crunch numbers all day but in the end, my empire is rock solid and intact! Now Calculate That! #TMT #FloydMayweather #TBE #Mayweather
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