Floyd Mayweather's 100 Million Dollar Purse.Will IRS Take 97 Million Of It? Or Not?

[TheSeventhTiger]

Ok, now who was it that said something in reference to "Three Million Dollars Is Enough Money To Retire On"?
But was he only referring to Republican voters with a 401k worth over 3 Million Dollars?
If Floyd is an Obama supporter, would he have to fork over 97 Million of his 100 Million Dollar Prize?
God, can you imagine if it was a White American Boxer who got the 100 Million after defeating a Black Boxer? Do you think that the IRS would send him a bill for $97,000,000 ???

 

[g5000]

You are seriously confused.

In Obama's budget last April, there was a $3 million cap on tax-preferred retirement accounts.

This has absolutely no bearing on a $100 million purse. Actually, I think Floyd's purse is closer to $40 million.

 

[TheSeventhTiger]

You are seriously confused.

In Obama's budget last April, there was a $3 million cap on tax-preferred retirement accounts.

This has absolutely no bearing on a $100 million purse. Actually, I think Floyd's purse is closer to $40 million.

i know! i was just exxagerating on his comment about the three million dollars is plenty to retire on, therefore u should give the rest to the government. well, that didnt go over well.

 

[TheSeventhTiger]

if he does get 100M, how much would he pay in taxes?

 

[g5000]

You are seriously confused.

In Obama's budget last April, there was a $3 million cap on tax-preferred retirement accounts.

This has absolutely no bearing on a $100 million purse. Actually, I think Floyd's purse is closer to $40 million.

i know! i was just exxagerating on his comment about the three million dollars is plenty to retire on, therefore u should give the rest to the government. well, that didnt go over well.

The point of the $3 million cap was not to say it was enough to retire on. The point was that people who have more than that really don't need relief.

 

[TheSeventhTiger]

well thats how the some in the media took it, especially Larry Kudlow, he was ripping all over it that week Obama made that comment about the 3 Million dollar cap,then tax the rest of it. I recall him saying something like,,,WHO ARE YOU TO TELL HARD WORKING AMERICANS WHO SAVED UP ALL OF THEIR LIVES TO RETIRE COMFORTABLY HOW MUCH Money they can keep!

 

[LoneLaugher]

You should not listen to Larry Kudlow.

Instead, how about listening to Larry The Cable Guy....or Larry David....or Larry Miller. Anyone funny. You need to listen to funny people.

 

[TheSeventhTiger]

I feel like a millionaire when I have $50,000 !!!

 

[TheSeventhTiger]

and where did the 30 Million Mike Tyson made go? how can he be so broke?

 

[OnePercenter]

and where did the 30 Million Mike Tyson made go? how can he be so broke?

-$4.5 million in cars
-$2 million bathtub
-$140K for two Bengal Tigers
-Three marriages
-Five children
-Don King
-Drugs
-Court
-Jail

 

[TheSeventhTiger]

how much on las vegas prostitutes?

 

[Edgetho]

He's Incorporated, guys.

Probably a C Corp, has himself listed as an Employee with a nominal Salary and takes Quarterly, Semi Annual or Annual Dividends.

The Corporation pays for his Hookers

 

[ba1614]

I don't think it's anyone's business what he does with his money. If you want to make that get in the ring and work your nuts off for 20yrs.

 

[TheSeventhTiger]

and to think he never bought any homes/land/real estate as a security? he was making all of that money at a time when he could of bought real estate and hang on to it for when he called it quits, especially in Florida. I think when he was still champ, real estate was cheap here in the Southwest, and we all know what happened here after 2004.

 

[Wildman]

if the .gov had gotten into the ring and took a few hard punches i would say they deserved a small part of it.., but no ! not only no.., but FUCK NO !! the .gov don't deserve one penny of thay $1000,000,000.00

 

[TheSeventhTiger]

and to think there was a time when king george would have you drawn and quartered for forgetting/refuse to pay your taxes of $18.42 ( i think that was the average for a 2500 sq ft home in 1576) lol

 

[TheSeventhTiger]

I wonder how much of it he will donate to various charities, like children's hospitals.