Tax Rate forces Pacquiao to move fight | TigerDroppings.com
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Lsut81
USA Fan
Member since Jun 2005
65975 posts

Tax Rate forces Pacquiao to move fight

quote:

As reported by Yahoo! Sports, boxing superstar Manny Pacquiao’s next fight will take place on November 24; however, for the first time since 2006, the fight will take place outside of the U.S. The official destination of this multimillion dollar sporting event is The Venetian in Macau, China.

As ATR reported in February, the possibility of Pacquiao’s next fight not taking place on U.S. soil due to a punitive federal income tax rate of 39.6 percent was greater than most would suspect.

As boxing promoter Bob Arum told Yahoo! Sports in February, “Manny can go back to Las Vegas and make $25 million, but how much of it will he end up with – $15 million?"


quote:

If Pacquiao were to earn a hypothetical $20 million for this upcoming fight in Macau, his after tax earnings would be $17.6 million – as opposed to the $12.1 million he would earn for the same proposed scenario in the U.S.


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This post was edited on 5/7 at 6:11 pm



THRILLHO
New Orleans Pelicans Fan
New Orleans, LA
Member since Apr 2006
38657 posts

re: Tax Rate forces Pacquiao to move fight


ponger3d
LSU Fan
Member since Jan 2013
252 posts

re: Tax Rate forces Pacquiao to move fight
You can't really blame a guy for wanting to make more money when he can. No matter how much money it is.


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Scoop
LSU Fan
Ecuador
Member since Sep 2005
30121 posts

re: Tax Rate forces Pacquiao to move fight
Good for him.


lsu13lsu
LSU Fan
Member since Jan 2008
2954 posts

re: Tax Rate forces Pacquiao to move fight
Good for him. Who can blame him? Not Al Gore or any other money and power hungry liberal.



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Lsut81
USA Fan
Member since Jun 2005
65975 posts

re: Tax Rate forces Pacquiao to move fight
I wonder how much Vegas will lose out on in addition to the ppv sales since it will happen in the early morning here.


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GumboPot
LSU Fan
Saints Fan
Member since Mar 2009
28641 posts

re: Tax Rate forces Pacquiao to move fight
quote:

Good for him.


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MFn GIMP
LSU Fan
Member since Feb 2011
8951 posts

re: Tax Rate forces Pacquiao to move fight
quote:

The official destination of this multimillion dollar sporting event is The Venetian in Macau, China.

How sad is it that China has a lower income tax rate than the US?


a want
LSU Fan
North America
Member since Oct 2010
11076 posts

re: Tax Rate forces Pacquiao to move fight
Or he could fight Mayweather and make eighty-hundred-kagillion dollars. I don't care where they fight.

What a couple of a-holes. They're both past their prime, now. What a waste - it would have been a great fight.


vodkacop
LSU Fan
GOM
Member since Nov 2008
2409 posts

re: Tax Rate forces Pacquiao to move fight
Wait are they both washed up or would it have been a great fight? Also this man takes blows to the head And body for a living and for your entertainment. Yet you begrudge him because he wants more of the money he's earned? Douche.


SmackoverHawg
Arkansas Fan
Member since Oct 2011
15732 posts

re: Tax Rate forces Pacquiao to move fight
But no one will leave if taxes are raised! Raising taxes raises revenue. The Laffer curve is superstition.

F$%KING liberal idiots. Look at all that tax money leaving for another country.


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ScoopAndScore
baton rouge
Member since Oct 2008
7874 posts

re: Tax Rate forces Pacquiao to move fight
Floyd is still the best fighter in the world. Manny was never close. I wish they had fought too though so that Floyd would have shut everyone up after he destroyed Manny. Manny wouldn't even lay a glove on Floyd. But on topic , good for Manny. Why not get as much take home $ as the market dictates?


germandawg
Member since Sep 2012
3972 posts

re: Tax Rate forces Pacquiao to move fight
quote:

How sad is it that China has a lower income tax rate than the US?


Why should't china have a lower income tax rate than the US, a large number of Chinese citizens do not have running water or electricity in their "homes", let alone a nation where human rights matter at all. Of course we could cut tax rates in the US tomorrow and agree to live the way the chinese do and then maybe a washed up Phillipino boxer would come and grace us with his presence. Better yet why don't we all live like Phillipinos and cut taxes and regulations down to the same level that they enjoy in Manilla....that is exactly what the GOP has been aiming for since the early 80's.


Joshjrn
LSU Fan
Baton Rouge
Member since Dec 2008
6885 posts

re: Tax Rate forces Pacquiao to move fight
You're right. The trillions of dollars in taxes that are taken every year in this country are *just* enough to keep the lights on. Some expensive fricking lightbulbs


UKWildcatsFAN
Kentucky Fan
Bowling Green
Member since Sep 2011
4849 posts

re: Tax Rate forces Pacquiao to move fight
I would also fight out of the US if I could save even a million dollars in taxes.


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Scruffy
USA Fan
Member since Jul 2011
37679 posts

re: Tax Rate forces Pacquiao to move fight
quote:

Floyd is still the best fighter in the world. Manny was never close. I wish they had fought too though so that Floyd would have shut everyone up after he destroyed Manny. Manny wouldn't even lay a glove on Floyd.
Floyd is a giant vagina and is the only reason that the fight won't happen.

He wants to avoid Manny so he can retire with his undefeated record.

Like I said, huge vagina.


germandawg
Member since Sep 2012
3972 posts

re: Tax Rate forces Pacquiao to move fight
quote:

You're right. The trillions of dollars in taxes that are taken every year in this country are *just* enough to keep the lights on. Some expensive fricking lightbulbs



You are correct sir. All Americans should strive to live like the average Chinaman and not incur any taxes at all. China is the perfect roll model for a true libertarian society and Manny Pacquiao is a GENIUS for discovering this.....it is truly amazing what you people will pretend to admire in order to shore up your flawed political vision....


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lsuroadie
LSU Fan
South LA
Member since Oct 2007
6441 posts

re: Tax Rate forces Pacquiao to move fight
Good for him


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ItNeverRains
LSU Fan
Franklin, TN
Member since Oct 2007
7503 posts

re: Tax Rate forces Pacquiao to move fight
quote:

Or he could fight Mayweather and make eighty-hundred-kagillion dollars. I don't care where they fight.


Poor here in US could be helped with revenue from taxes. Why do you hate poor people in the US


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catnip
LSU Fan
Member since Sep 2003
11027 posts

re: Tax Rate forces Pacquiao to move fight
Once the president finds out of this he'll fix it. Executive order to confiscate his earnings once he re-enters the US. Oh wait, is Manny of Mexican decent?


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