Floyd Mayweather Denies Asking IRS for Tax Reprieve: I Already Paid $26M!
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Floyd Mayweather Denies Asking IRS for Tax Reprieve: I Already Paid $26M!

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Floyd Mayweather’s crew is known as “The Money Team,” meaning financial woes shouldn’t be an issue for the millionaire.

Unfortunately, the undefeated boxer is accused of being in the hole when it comes to his income taxes.

Ever the showman, the Las Vegas staple took to the net to dispel the story by showing he’s already paid Uncle Sam handsomely.

Reports claim Floyd was unable to pay off his tax liability from 2015, according to BleacherReport.

 

Because of this, he allegedly asked the IRS to cut him a break until after his upcoming fight with Conor McGregor.

Many fans questioned the report, since Floyd has never been shy about flashing massive amounts of cash.

 

Pounds and a few Euros.

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He also fought Manny Pacquiao in 2015, reportedly bringing in $220M from that bout alone.

The father of four also made $32M that year fighting Andre Berto.

 

To combat the rumors, Floyd released a statement Monday night claiming he paid taxes that year to the tune of a whooping $26M.

 

He then accuses the IRS of trying to take advantage of his wealth.

 

"While everyone is counting my money and assuming the worst, these are the facts... Uncle Sam, received $26,000,000.00 from me in 2015! What else could they possibly want?"

 

"I'm sure I would have been notified much sooner if there were any real discrepancies right?"

 

He went on, "Bottom line, everybody just wants to be a part of the 'Money May' show, including the IRS!

 

That's fine, you can crunch numbers all day but in the end, my empire is rock solid and intact! Now Calculate That!"

 

He went on to call out the press, saying, "Believe half of what you see and none of what you hear, especially when it comes to media in this country."

 

While $26M is a GINORMOUS amount of money, considering what the champ brought in that year, it may not have been enough according to sources at TMZ

 

I bet on @isaiahthomas today! #TMT

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“If he made $250M, and let's generously say he wrote off $50M, he still owes taxes on $200M. And the going federal tax rate for people with high income is 39.6 percent.”

“So, he would owe closer to $80M, not $26 mil.”

 

King of the World. Living Legend.

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Do you believe the IRS is trying to take advantage of Floyd? Sound off below.