Uncle Sam Now Also After Pacquaio

Bogotazo · Dec 10, 2013

Bungle said:
He did, then borrowed money off them to buy Koncz a house before refusing to pay them for the work they did.

wtf?

igor_otsky · Dec 10, 2013

Pac is getting milked for years, and Bop and Croonkz got away with it.. until now.

Hands of Iron · Dec 10, 2013

Brnxhands said:
Manny is retarded as fuck

Comparatively, Floyd had over $120 million sitting in the bank before the Canelo fight that did 2.2 mil

igor_otsky · Dec 10, 2013

just a thought. does a guy, a foreign entertainer for example, needs to get taxed every year's end? I'm not familiar with US taxation.

Pac is not a permanent resident of Bop's United Snitch o' Muricah.

Kush · Dec 10, 2013

First Jmm taxed that azz now the IRS :-(

Brnxhands · Dec 10, 2013

floyd at least isnt scared to make moves and speak up. Manny seems passive like hes really afraid of that old man.

Hands of Iron said:
Comparatively, Floyd had over $120 million sitting in the bank before the Canelo fight that did 2.2 mil

Bungle · Dec 10, 2013

Bogotazo said:
wtf?

He hired someone to go through all of his finances and then borrowed money off them to buy Koncz a house, before refusing to pay them midway through the investigation.

MrJotatp4p · Dec 10, 2013

I did a thread last week titled Arum and Koncz robbing Manny blind. They are commiting fraud against him and he isn't earning what they say he does and these advances are just a way to screw him. Vision Quest had him saved bc they were about to uncover everything.

Sexy Sergio ( L E O N ) · Dec 10, 2013

APOLLO said:
First Jmm taxed that azz now the IRS :-(

fucked up but funny

Brnxhands said:
floyd at least isnt scared to make moves and speak up. Manny seems passive like hes really afraid of that old man.

yep never understood how people saw his passivity as admirable even going as far as defending it

Hands of Iron · Dec 10, 2013

Brnxhands said:
floyd at least isnt scared to make moves and speak up. Manny seems passive like hes really afraid of that old man.

Yeah, but Bop says Manny is his friend. He's a fuckin tax attorney too.

JMP · Dec 10, 2013

Manny's getting fisted hard. Jesus.

rjjfan · Dec 10, 2013

I don't know how PI tax law works, but if Pac does owe those PI taxes, he shpuld be able to use the USA taxes as a credit.

Stylez · Dec 11, 2013

rjjfan said:
I don't know how PI tax law works, but if Pac does owe those PI taxes, he shpuld be able to use the USA taxes as a credit.

The U.S claims he never paid them any taxes. It doesn't look like any taxes were paid.

bald_head_slick · Dec 11, 2013

So foul. I bet Manny was thinking his business was handled by Rot Stank. I hope Manny jumps ship and gets his mind right. Get over to GBP and get that big payday against FMJ. Win or lose, I want Manny to have a good life after laying it on the line for so long. I would hate to see Manny getting sparked by nobodies like so many other former greats ended up.

Oh Pactards, be careful what you wish up on others...

turbotime · Dec 11, 2013

:verysad

bald_head_slick · Dec 11, 2013

bald_head_slick said:
So foul. I bet Manny was thinking his business was handled by Rot Stank. I hope Manny jumps ship and gets his mind right. Get over to GBP and get that big payday against FMJ. Win or lose, I want Manny to have a good life after laying it on the line for so long. I would hate to see Manny getting sparked by nobodies like so many other former greats ended up.

Oh Pactards, be careful what you wish up on others...

You know what... I take this back. Pac ain't the victim here. I would feel sorry for him if I hadn't researched the dude during the ESB Wars. Pac has a trail of shady business and political dealings all throughout his life. From unclaimed kids to political assassination. Pac probably had that fight in Macau because he knew this was coming.

The dude had an audit and after the auditors found inconsistencies he fired them and went right back. Hate for a Boxer to go through this, but Pac had tons of chances to fix this and shaded the very people who tried to help him.

Oh Pactards... :lol:

Kush · Dec 11, 2013

Wait a minute, didn't Arum say Top RAnk takes 30% off the top of his purse to pay taxes?

igor_otsky · Dec 11, 2013

APOLLO said:
Wait a minute, didn't Arum say Top RAnk takes 30% off the top of his purse to pay taxes?

fArtum's taxes it is lol

Cableaddict · Dec 11, 2013

APOLLO said:
Wait a minute, didn't Arum say Top RAnk takes 30% off the top of his purse to pay taxes?

If that's in Pac's contract, then he'd have to sue Arum (and good luck with that) to get his money.

Problem with this scenario:

1: Old Beelzebob probably had the contract worded in such a way that it didn't actually say this, legally. (or if you read it too closely, it suddenly bursts into flames)

2: Even if it did, fighting Arum in court would take years, and exhaust whatever funds Manny still has left.

3: Even if somehow, some way, Manny eventually were to get this money from Arum, he'd still owe massive interest & penalties to the IRS, which by then would probably be as much as the current bill.

------------------------

I work in the music business, which is just as smelly and disgusting as the boxing business. Believe me, unless you have a great lawyer, tons of cash, and lots of time, even a GOOD contract is worthless, unless the other guy actually wants to honor it.

Cableaddict · Dec 11, 2013

I think Manny's best course of action might be to get in touch with a US federal prosecutor, and have a long talk about Bob Arum. With some luck, he might find someone who badly wants to clean up boxing. (Many years ago, they went after Don King pretty hard, but that snake managed to slither away unscathed.)

In that case, the prosecutor might get the IRS to give Many time, or a special exemption or something, in return for his help & testimony against Arum & company.
It's been done before.

------------------

I don't have a clue what he can do in the Phillipines, though I suspect that that whole debacle is probably being orchestrated by his political rivals, the way California governor Gray Davis was (illegally) recalled from office and replaced with Republican puppet Ah-nold Shwarzenager.

- butI digress ......

Uncle Sam Now Also After Pacquaio

Bogotazo

igor_otsky

Hands of Iron

igor_otsky

Kush

Brnxhands

Bungle

MrJotatp4p

Sexy Sergio ( L E O N )

Hands of Iron

JMP

rjjfan

Stylez

bald_head_slick

turbotime

bald_head_slick

Kush

igor_otsky

Cableaddict

Cableaddict

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