RJJ owes $3.5 million to IRS, no wonder he's still fighting.

[J_Undisputed]

For professional fighters like roy and floyd, starting your own record label or rapping/singing career should be like buying a gun in the U.S. there should be a damn waiting period or something during which they have to watch like videos about the dangers of mismanaging your money or something. I can see boxing promotional companies, the occasion restaurant, or local establishments that are in line with what they enthusiastic about... or even boxing equipment companies or fight academies. But looking at some of the dumb things that some of these guys wanted to do with their money.... and then "forget" to pay taxes....it makes you go what?!?!?! Stick to what you know.

Zab judah wanted to make rims... WTF?!?!?

[No Contest]

Shit, thats alot of back taxes....he should have done like the politicians do, put all his money in swiss bank accounts or costa rica or some shit. Then just declare bankruptcy.

[fan johnny]

Shit, thats alot of back taxes....he should have done like the politicians do, put all his money in swiss bank accounts or costa rica or some shit. Then just declare bankruptcy.

It don't work like that... They used to have a offshore companies that earned the money for them that way money is not declared as income for the individuals. But now a days the IRS goes after all that stuff like that. What they do now is set up a record label or other start up company and write off all the losses. But it looks like Floyd & Jones forgot to hire an accountant.