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re: Chad ‘Ochocinco’ stashed away 83% of his NFL salary; bought fake jewelry, lived in stadium

Posted on 4/7/23 at 7:43 am to
Posted by Hopeful Doc
Member since Sep 2010
15388 posts
Posted on 4/7/23 at 7:43 am to
quote:

made close to $49 million

quote:

saved 83% of that



So, he committed some mild to moderate tax evasion?




Kidding aside, I always like the stories of the people with the spotlights on them being conservative with money.
Posted by ConfusedHawgInMO
Member since Apr 2014
3578 posts
Posted on 4/7/23 at 8:05 am to
quote:

So, he committed some mild to moderate tax evasion?


Probably not all in cash, but in real estate that has appreciated. So he didn't really "stash away" 83% of his earnings but has total assets equal to about 83% of his NFL earnings.
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