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Floyd Mayweather Jr owes $6.2 million in federal income taxes

Wednesday, December 24, 2008

According to Robert Snell in his Tax Watchdog Blog, public record shows Mayweather Jr owes Uncle Sam big time.

From theTax Watchdog:

What’s owed:

  • The IRS filed a $6,165,735 lien against Mayweather for unpaid incomes taxes on Oct. 9 in Clark County, Nev. He owes the money from 2007, according to the Clark County Recorder’s office.

This could be the reason Floyd Mayweather Jr has shown some interest again for a big money fight and no tune up. According to his Advisor Leonard Ellerbee, Floyd gave him the go ahead to look for the best fight possible.

This comes as no shock to boxing fans especially the way Floyd Mayweather Jr supposedly spends his cash and throws out Benjamin Franklin’s to crowds at the clubs and parties he attends. Floyd throws money away like it grows on trees, unless it counts as a tax deduction it makes no real sense to me.

The biggest possible fight right now would be a fight with Manny Pacquiao who holds the title of pound 4 pound best boxer in the world, a title that Floyd held before his retirement. But from the looks of it that fight has to wait because the word on various boxing sites is Ricky Hatton vs Manny Pacquiao is almost a done deal for May 2, 2009. Floyd will probably face the winner of that bout.

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Tags: december 24 2008, floyd mayweather jr coming out of retirement?, Floyd Mayweather Jr. owes $6.2 million in federal income taxes, may 2 2009 boxing, mayweather jr vs pacquiao, pacquiao vs hatton

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BigBollocsCaswell
BigBollocsCaswell 5pts

MONEY MAYWEATHER IS THE MAN All the people that hate against him are just jelous that they have got no where in life, Tyson was just a natural brawler from nothing, Floyd is a new aged boxer pure style...he is the enigma of modern aged boxing! Good luck Manny, your going to need it!

montrea flack
montrea flack 5pts

im a huge money mayweather jr fan and i think everyone need to quit hatin because his record speaks for itself, it aint his fault cant nobody beat him and money is right marquez did beat pacquiao so what if he owes the irs who doesnt so what if he throws money away at the end of the day its still his money and for all u haters hes comin back so he can whoop on everybody out and get more money than he had before luv u floyd money mayweather

LeeRoy
LeeRoy 5pts

Hey Dweezy what is "MUSH Smarter"?

dweezy
dweezy 5pts

It's funny to me that people get so agree about the dumbest freakin' things. So what, the guy owes back taxes so does half of Capitol Hill apparently. Just because he owes taxes, doesn't means he's broke. And sure it's a bit glutenous and even disgusting to see a guy throwing cash around like a fool,... but the bottom line is ,..it's HIS freakin' money. He earned it. He can do whatever the @#$%% he wants with it. If that means he blows his nose with it, and then sets it on fire,..so be it. That's his business, not yours. The fact of the matter is, the guy is smarter than you think. Mush smarter than Mike Tyson. Who buy the way, is still more than likely a millionaire. For all you know, the cash he throws around could be a fraction of the interest earned on his reserves. Stop your hating and self loathing,... it's not flattering at all,....

rocko
rocko 5pts

didnt Floyd just buy stock in that hip hop digital store AmalgamDigital.com? He is all over youtube

HUGOBOX
HUGOBOX 5pts

I hope they take his house and cars away, then perhaps this arrogant chump will understand the value of a dollar, only a total idiot trows money away like that, so it 'll serve him right to crash down to earth like the rest of us, who must go on working and will never come close to making that kind of money, Mike tyson was another fool who though the money was gonna last for ever..look at him now , he might not be destitude , but his watching his pennies belived

ManilaJoe
ManilaJoe 5pts

look at floyd counting the money with his eyes closed.

Mike Harmon
Mike Harmon 5pts

I've been reading along for a while now. I just wanted to drop you a comment to say keep up the good work.

Trackbacks

  1. Boxing Legend Mayweather Jr. Owes IRS $3.4 million « Taxes in the Back says:
    April 3, 2011 at 8:00 pm

    [...] isn’t the boxing legend’s first losing bout with the IRS.  In late 2008, the IRS filed a tax lien to the tune of $6.2 million against Mayweather.  I find it interesting that the article suggested [...]

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