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re: Floyd Mayweather owes 2015 federal taxes, asks for installment plan
Posted on 7/9/17 at 8:16 am to Will Cover
Posted on 7/9/17 at 8:16 am to Will Cover
I really can't believe how stupid these pro athletes are when it comes to finances. They act like their income is a bottomless well and spend accordingly. If I was the tax judge I'd force him to come up with the entire amount right away. Liquid or not he can make the payment one way or another. Maybe selling some of his "precious " shite will edjamacate him.
4
Posted on 7/9/17 at 8:20 am to bengalbait
They aren't going to go easy on him when he posts pics of hard cash all the time. It's evidence that you are liquid.
Posted on 7/9/17 at 8:24 am to bengalbait
You don't just hold cash for no reason when you have Mayweather money. You turn it into more cash. Being illiquid doesn't mean he blew all his earnings - I'm sure a lot of it is tied up in long-term investments.
Also he probably has enough liquidity to pay what he owes but is being advised he can come out ahead by making the IRS wait and profiting off of it in the meantime. It's the same reason that you'd never want to pay off your entire apartment lease in advance. If you have the money, make it work for you while you can.
Also he probably has enough liquidity to pay what he owes but is being advised he can come out ahead by making the IRS wait and profiting off of it in the meantime. It's the same reason that you'd never want to pay off your entire apartment lease in advance. If you have the money, make it work for you while you can.
Posted on 7/9/17 at 9:37 am to bengalbait
quote:
I really can't believe how stupid these pro athletes are when it comes to finances.
Floyd can't even read. I can believe it
This post was edited on 7/9/17 at 9:38 am
Posted on 7/9/17 at 11:24 am to bengalbait
quote:
Message
Floyd Mayweather owes 2015 federal taxes, asks for installment plan by bengalbait
I really can't believe how stupid these pro athletes are when it comes to finances. They act like their income is a bottomless well and spend accordingly. If I was the tax judge I'd force him to come up with the entire amount right away. Liquid or not he can make the payment one way or another. Maybe selling some of his "precious " shite will edjamacate him.
Non famous Rich people do dumb shite with their money everyday. We just don't hear about it
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