Between 2008 and 2009, Manny Pacquiao earned a total of $27.5 million from his boxing bouts excluding his pay-per-view earnings: -- $3 million against Juan Manuel Marquez in March 2008 -- $3 million against David Diaz in June 2008 -- $6.6 million against Oscar de la Hoya in December 2008 -- $7.4 million against Ricky Hatton in May 2009 -- $7.5 million against Miguel Cotto in November 2009 If my simple calculation is right, Pacquiao paid an estimated $9,625,000 in U.S. federal taxes or more than P421 million pesos. Minus the tax payment, he had roughly $17,875,000 left to pay his Team Pacquiao members. In the Philippines, he would have had over P782,000,000. If he will be taxed (again!) for about 32% by THE GREAT TAX GURU KIM HENARES and her Legion of Obsessive Compulsive tax collectors, Pacquiao must pay over P250 million pesos more. So, Pacquiao earned a net income of more than P531 million pesos or an average of P106.2 million pesos per fight. WOW. That is just a fraction when compared to the 10-billion peso scam corrupt lawmakers have earned as an income. Poor Manny Pacquiao. Best to retire now before Kim Henares siphons his earnings.
Posted on: Tue, 26 Nov 2013 16:30:53 +0000
Trending Topics
Recently Viewed Topics
© 2015