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Cheesey1
Nice to see that Top Rank and Pacquaio are prepared to say a big F.U to the market that made Pacquaio.

No matter how popular he is in his homeland, without the American market, Pacquaio would not be anywhere near the level he is now.

Of course Pacquaio can do whatever he wants, but people should call it for what it is once and for all and stop painting him as some sort of good guy (of course they won't, but I like to dream).

I don't care where he fights, or if he fights again. I just thought this was too funny to ignore.
daprofessor
QUOTE (Cheesey1 @ Feb 13 2013, 06:07 PM) *
Nice to see that Top Rank and Pacquaio are prepared to say a big F.U to the market that made Pacquaio.

No matter how popular he is in his homeland, without the American market, Pacquaio would not be anywhere near the level he is now.

Of course Pacquaio can do whatever he wants, but people should call it for what it is once and for all and stop painting him as some sort of good guy (of course they won't, but I like to dream).

I don't care where he fights, or if he fights again. I just thought this was too funny to ignore.


he wasn't training here when freddie wanted him to because he didn't want to have to pay taxes. this isn't news. that's the name of the game for ppl making outrageous amounts of money....avoid paying taxes.
Cshel86
QUOTE (Cheesey1 @ Feb 13 2013, 06:07 PM) *
Nice to see that Top Rank and Pacquaio are prepared to say a big F.U to the market that made Pacquaio.

No matter how popular he is in his homeland, without the American market, Pacquaio would not be anywhere near the level he is now.

Of course Pacquaio can do whatever he wants, but people should call it for what it is once and for all and stop painting him as some sort of good guy (of course they won't, but I like to dream).

I don't care where he fights, or if he fights again. I just thought this was too funny to ignore.

laugh.gif

I should've known this was your work, just by reading the title. Lol

Good stuff. Im not surprised here, at all. If I could go to another country for a distinct purpose, just to avoid taxes, then I would too. Let's not act like Bob wasn't reporting Manny's purses as $6M (somewhere in that neighborhood) to the NSAC, while he ended up racking up his purse on the back end.

I know Manny may not be the smartest business man, but Im sure made more than what Bob reported to the NSAC. Lol

I haven't read anything concrete on whether or not Manny will be fighting in another country for sure, but Bob has done this before. Remember the imaginary stadium? Bob is a genius. Damn that just hurt to say, but its true.

PS: I laughed my ass off at the title of this thread because I remember your "Bobfather" threads, and I cant remember if it was you or Maxpayne that opened the thread about Manny harboring that fugitive. Either way, those shits were classic! I HAVE to search the archive for them. Lol
Cheesey1
CShel, yeah man. Those were the good old days, 'the Bobfather' and 'the Saint.' That fugitive stuff was hilarious. I can't remember if it was MaxPayne or me. Classic stuff either way! Leave it to Manny...

Re. the Bobfather, I don't think he's that smart. It's just that no one really calls him on his 'creative thinking.' The things he does are so transparent that it would almost be insulting if I didn't find it tragically funny.
Re. if he's confirmed that his next bout will be all about doging American taxes, you're right he hasn't confirmed it.

I wouldn't be surprised if they were being so public about it as some sort of lame show of support for his boy Mitt Romney and the rest of the gang (Manny was pro Romney, hence Romney's appearance at Pacquaio's beheading).


DaProf, I hear you about tax dodging being how a lot of rich people roll, but even Mayweather (not exactly the guy the IRS has had the best relationship with over the years) hasn't suggested anything this brazen. Yes, Mayweather's mentioned possibly fighting in the UK at some point, but there would be no tax advantage in a country like that (unless I'm grossly mistaken).
mrchitown
I thought it was mildly entertaining how after he suffers an humiliating defeat that now he doesn't want to fight in the good ol USA, maybe he and Arum think/know that the free ride on the coat tails of gullible fans who viewed him as savior. I can't help but think that all those photoshops and memes of him on the canvas planking may have made him say f*ck America lol

With that said, the fact of the matter is a lot of athletes try to find ways to pay the least amount of taxes possible. NFL players and NBA players have to file taxes in each state they play in, that's some BS to me but that's the name of the game. Uncle same gon get that bread at all costs
mgrover
tbh if it really is 40% tax that's a fucking lot, I'd do the exact same if I was faced with that
bnoles4life
QUOTE (mrchitown @ Feb 13 2013, 11:54 PM) *
I thought it was mildly entertaining how after he suffers an humiliating defeat that now he doesn't want to fight in the good ol USA, maybe he and Arum think/know that the free ride on the coat tails of gullible fans who viewed him as savior. I can't help but think that all those photoshops and memes of him on the canvas planking may have made him say f*ck America lol

With that said, the fact of the matter is a lot of athletes try to find ways to pay the least amount of taxes possible. NFL players and NBA players have to file taxes in each state they play in, that's some BS to me but that's the name of the game. Uncle same gon get that bread at all costs



True story, Chi. Everyone, those w/ or w/o dough, look to save as much $$ in taxes as possible. You're right, major sports leagues in the U.S. are taxed in each state, as their companies are conglomerates. I'm glad you know that, as so many fans aren't aware and I hate hearing the "you get paid x amount of money..."
Cshel86
As long as my measly check looks the same every two weeks, then I'm fine. I don't even look at the taxes that are being taken out anymore...it makes the strongest man take a knee and gasp for air.

With that said, 40% is a lot to eke out...especially when you're making the money that Manny's making. Hell, I'm almost afraid to get a raise, in fear of taxes making it seem as if I never received one. One would say that I'm the typical American knucklehead. cool.gif
checkleft
QUOTE (Cshel86 @ Feb 14 2013, 10:56 AM) *
As long as my measly check looks the same every two weeks, then I'm fine. I don't even look at the taxes that are being taken out anymore...it makes the strongest man take a knee and gasp for air.

With that said, 40% is a lot to eke out...especially when you're making the money that Manny's making. Hell, I'm almost afraid to get a raise, in fear of taxes making it seem as if I never received one. One would say that I'm the typical American knucklehead. cool.gif

It's like a uppercut to the nuts.

But this just makes me hope marquez doesn't take the fight more because he's in for a screw job if it goes to the cards
Cshel86
QUOTE (checkleft @ Feb 14 2013, 11:14 AM) *
It's like a uppercut to the nuts.

But this just makes me hope marquez doesn't take the fight more because he's in for a screw job if it goes to the cards

Out of the first 4 fights, people only remember the 4th fight, and possibly the 1st (because of all the knockdowns). If Marquez gets jobbed again, that will be his version of riding off in the sunset. laugh.gif

PS: This time, he'll make a little more money, and he'll be vastly remembered for putting Manny to sleep in the 4th fight.
Cheesey1
Nothing's wrong with making sure that you take every deduction possible to lower your taxes, but WTF, just because you're rich doesn't mean that you don't have to pay any taxes at all.

There are a lot of people who make as much if not more than Pacquaio and they take the tax hit like adults (of course with the help of legal deductions...) and keep it moving.

He's just grimey.
mrchitown
QUOTE (bnoles4life @ Feb 14 2013, 07:07 AM) *
True story, Chi. Everyone, those w/ or w/o dough, look to save as much $$ in taxes as possible. You're right, major sports leagues in the U.S. are taxed in each state, as their companies are conglomerates. I'm glad you know that, as so many fans aren't aware and I hate hearing the "you get paid x amount of money..."


True, you may get paid x amount of money but that is before those taxes get taken out and depending on that x amount of money your making, that will decide how much money will be deducted from your pay. And your so right, I don't care who you are, we all trying to save as much cash from the tax man as we can

The only thing I don't like about Manny's situation is that when he loses a fight he don't want to fight here anymore, and that's kind of a punkish thing to do but that's on him. But he needs to keep in mind that his fan base and his aura of invincibility came about from the American fans
BigFightFan
Manny is at the end of his road and knows he needs to make enough cash in his last few fights to survive after boxing. We all find ways to save and cut cost when it's crunch time.
Cheesey1
QUOTE (BigFightFan @ Feb 15 2013, 06:47 AM) *
Manny is at the end of his road and knows he needs to make enough cash in his last few fights to survive after boxing. We all find ways to save and cut cost when it's crunch time.

Then he should make the Mayweather fight.
Even with the changed dynamics, it'll still pay him more than two, possibly even three matches against guys not named Mayweather, especially since Marquez told him "hasta la vista."
If they offer him $40MM with hardly any/ none of the American PPV (which he should be fine with since he's no longer interested in fighting here), that's a better deal than fighting three more times and sustaining more damage for essentially the same money.

Also the tax hit they're talking about is probably not the actual number after he takes all of those massive deductions for expenses - payng his trainers, entourage, travel etc.
Cshel86
QUOTE (Cheesey1 @ Feb 15 2013, 09:17 AM) *
Then he should make the Mayweather fight.
Even with the changed dynamics, it'll still pay him more than two, possibly even three matches against guys not named Mayweather, especially since Marquez told him "hasta la vista."
If they offer him $40MM with hardly any/ none of the American PPV (which he should be fine with since he's no longer interested in fighting here), that's a better deal than fighting three more times and sustaining more damage for essentially the same money.

Also the tax hit they're talking about is probably not the actual number after he takes all of those massive deductions for expenses - payng his trainers, entourage, travel etc.

Couldn't agree more, especially with the bolded part.

Not sure if Bob will ever let Manny fight Floyd, and Manny attempting to buy out of his lifelong contract with TR, is nothing more than a fairy tale...nearly impossible. If anything, that buyout will cost him MORE money and court fees for litigation.

Bob is comfortable with Manny fighting other TR fighters, because he (Bob) doesn't have to share his books with another promoter, like DiBella, Shaw, Goosen, etc. Both fighters belong to Bob, so he'll just say, "Hey Manny, I can only pay you (insert million dollar amount), and I can only pay him (opponent) $5M (or lower)".

That way, he doesn't have to tell the copromoter how much was spent on pressers, travel, and most of all, he doesn't have to share the return on what the fight made. He has two guys (Manny and his opponent) in front of him, that knows how much they're getting, and rarely needs to research what really goes on with the money and promotion of the fight.

Bob could be telling them anything, who knows. I'm sure Bob is using endless methods to keep his pockets lined, can you blame him? He may not have many years left on this Earth, but his family will be well taken care. How many fighters can confirm the same financial arrangements? Trust me, I pass by Holyfield's house on a weekly basis, and it hurts to watch, but my biggest question is, how in the hell did it get to that point?
Cheesey1
No doubt TR's contract with Pacquaio's iron clad, but if Pacquaio really wanted to fight Mayweather, he'd stop with the "leave it up to my promoter" rubbish. That act is old.


Franchize
QUOTE (Cheesey1 @ Feb 15 2013, 01:43 PM) *
No doubt TR's contract with Pacquaio's iron clad, but if Pacquaio really wanted to fight Mayweather, he'd stop with the "leave it up to my promoter" rubbish. That act is old.

Let the church say AMEN!!! Regardless of who you think is at fault, it's a fact that Manny was not very demonstrative in his "desire" to fight Floyd. When Floyd wasn't getting fights under Bob, he made a huge fuss that spread like a brushfire in the boxing world. Manny's voice regarding fighting Floyd was about as sincere as a guy responding to the infamous "do you love me" right before you think you're about to get some.
Cheesey1
QUOTE (Franchize @ Feb 15 2013, 02:46 PM) *
Let the church say AMEN!!! Regardless of who you think is at fault, it's a fact that Manny was not very demonstrative in his "desire" to fight Floyd. When Floyd wasn't getting fights under Bob, he made a huge fuss that spread like a brushfire in the boxing world. Manny's voice regarding fighting Floyd was about as sincere as a guy responding to the infamous "do you love me" right before you think you're about to get some.

Not a bad analogy you used there. Not bad at all. I might have to borrow it one of these days.
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