Quote Originally Posted by THE THIRD MAN View Post
Quote Originally Posted by generalbulldog View Post
Roy Jones Jr. Now Battered By The IRS, Owes $3.5 Million - Boxing News

SMH.
Do these guys hire financial advisers? Does the USA have a PAYG system in place? How does Jones jr not know this? In any contract negotiation surely he would have it checked out by a financial adviser and know in advance what his take home pay will be after TAX? I can only assume they have tried to cheat the system and have been caught out doing it, i have no sympathy if that is the case. Organising finances is easy if you prepare yourself, Jones jr has either been ill advised or is just plain ignorant in these matters.
I seriously doubt that Floyd has one. I would venture to say the Roy Jr is of the same mind set as Floyd. On the other side of this, I read that "Boom Boom" did and when he retired from boxing at the age of 24, He had nearly all his life time purse of $12 Million in earnings. I don't think they cheat, People like that just ignore it and hope it goes away. Sounds stupid because it is, but really many people are like that.