Floyd Mayweather Jr. owes $6.2 million in federal income taxes

I dont think he cant afford it,he made 20 million just for that WWE stunt,let a lone what PBF Productions and the record company makes,let alone interest on all the money he's allready banked.
I somehow doubt we'll see Floyd having to be a greeter in Vegas

I am sure the "Money" is fine. From the little birdy...
Celebrity Financial Smack Down - Black Voices Blogs

Floyd doesnt even know what the word tax means. Sure, he can cover it. But he is hardly the type of person you would ever expect to make astute financial decisions.

I have long predicted PBF will be broke if he doesn't grow up. "Money" doesn't go as far as you think. Maintaining the lifestyle has a huge cost, taxes is a big part of that.

You buy a million dollar home and have to pay taxes on it for the rest of your life. Celebs think cause they bought the house they don't have to budget. You have to make your "mortgage" payment to IRS or else they will gestapo your ass.

Well although I doubt very much that this will come anywhere close to bankrupting him it may drag him out of retirement and back into the ring, which to me is the best place for him because love him or hate him he is the best fighter in the world at the minute.

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Originally Posted by Trainer Monkey

I dont think he cant afford it,he made 20 million just for that WWE stunt,let a lone what PBF Productions and the record company makes,let alone interest on all the money he's allready banked.
I somehow doubt we'll see Floyd having to be a greeter in Vegas

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Record companies are notorious for losing money faster than they make it. I don't think PBF productions has survived long enough to be considered a viable company.

He didn't make 20 million from WWE.

Banks pay interest???? How much these days? Aside from that doesn't he keep his money in a backpack under his bed?

I think PBF will be coming out of retirement cause he'll see how fast that money goes. His earnings are small compared to Tyson, Holyfield, etc. Not door greeter but he'll be fighting again.

For once I agree with Dan here... Standard procedure.. You guys would jump on anything Floyd does... If he helped an old lady across the road you would complain he wasnt walking fast enough:rolleyes:

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Originally Posted by luvfightgame

I have long predicted PBF will be broke if he doesn't grow up. "Money" doesn't go as far as you think. Maintaining the lifestyle has a huge cost, taxes is a big part of that.

You buy a million dollar home and have to pay taxes on it for the rest of your life. Celebs think cause they bought the house they don't have to budget. You have to make your "mortgage" payment to IRS or else they will gestapo your ass.

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not being a jerk to you guys... But none of us have a clue about what Floyd really does with his money and who manages it and how viable he is... No one knows what his investments are and what his debt to income is... Believe me just cause you see him throwing $100's around for publicity stunts is the same as someone throwing $1's around when your making $200,000 a year its just a drop in the bucket

The way Floyd talks about all the money he has blah blah blah I am sure he would mention all his investments and stuff. Tyson had lots of yes-men around him and when his money dissapeared in a puff of smoke so did all his yes-men.

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Originally Posted by Chino

The way Floyd talks about all the money he has blah blah blah I am sure he would mention all his investments and stuff. Tyson had lots of yes-men around him and when his money dissapeared in a puff of smoke so did all his yes-men.

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Big difference between the 2 and 2 totally different set of circumstances

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Originally Posted by Trainer Monkey

the record company makes

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Record Co. ? ???
That shit aint no record co. not 1 single hit and or album has come out of there...

Chances are you make more money with your fighters then his record label. ;)

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Originally Posted by JT Rock

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Originally Posted by luvfightgame

I have long predicted PBF will be broke if he doesn't grow up. "Money" doesn't go as far as you think. Maintaining the lifestyle has a huge cost, taxes is a big part of that.

You buy a million dollar home and have to pay taxes on it for the rest of your life. Celebs think cause they bought the house they don't have to budget. You have to make your "mortgage" payment to IRS or else they will gestapo your ass.

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not being a jerk to you guys... But none of us have a clue about what Floyd really does with his money and who manages it and how viable he is... No one knows what his investments are and what his debt to income is... Believe me just cause you see him throwing $100's around for publicity stunts is the same as someone throwing $1's around when your making $200,000 a year its just a drop in the bucket

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The first part is true, but throwing around hundreds when you're making 200k a year won't last long. In reality he's a small fish when it comes to making money. He's WAY down the totem pole on the list of big makers that went broke.

I don't want to see him broke, but seriously he had 2 good years, he doesn't even make the top 500 list for net worth. 2 good years to make it and 6 or 7 dumb years and it's gone. I think everyone can agree that he seems to be living the lifestyle of the guys that end up broke.

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Originally Posted by Trainer Monkey

I dont think he cant afford it,he made 20 million just for that WWE stunt,

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He made approximately one million dollars for his WWE appearance. The $20 million dollar payday was part of the angle(script).

:-\ I hate the tax office, just a bit more than Floyds ego.

When ever you owe the IRS millions of dollars, you can consider yourself broke arleady.

Floyd made good with the fights, oscar and hatton. Thats it. That wont last him a life time, and it definitely wont last him 10 years the way his going.

The WWE thing he did, paid him nothing close to 20 million. more like 2 million.

His Record label? doesn't exist.

Fruad Gayfeathers shouldn't be called "money"

Thats now reserve for Money Pacquiao ;) biotch! ;D