
Originally Posted by
Jody Lane
Frankly this fight is about 4 years past its' due date. Yeah it sounds like Pac needs the money it will pay, but then again so does Mayweather I am sure. I don't know why these fighters who make so much money can't get their act together with a good accountant and plan for their retirement days. Just to give you an idea what these guys take home after taxes and such. Going by when Pac fought in the USA, say he signed for a 20 million dollar purse here are the deductions from the purse: Bob Arum takes about 17 percent of the purse as a promoter's fee which would be $3.4 million. The boxing groups have a 5 percent fee so Pac pays whichever one is sanctioning the bout $1 million. He pays a roughly 40 percent tax to Uncle Sam which which would be $8 million. His trainer he pays about $1 million to. Say travel expenses and training expenses are around $200,000 (just a guess) and the total deductions come to $13.6 million leaving Pac with $6.4 million, even less depending on whatever the taxes he may have to pay to his home country. He should be investing most of that into something that is secure and not living like there is no tomorrow. Same with Mayweather, who has had some issues with the IRS over back taxes in the past and may have motivated his coming out of retirement after calling it quits several years back. Not trying to insult either man on their money issues. But many people, actors, celebrities, athletes, lottery winners,et cetera who never had millions growing up seem to have issues on how to hold on to it when it does come their way. Just my thought and I may be wrong.
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