BoxRec

coneye wrote:I had a discusion with him he said its all somehow rtelated to his property hence why he has a big property , I'm not sure which state he lives in though i think its the one with a famous drag racing circuit . Daytona or something similar

Counter-puncher wrote:

SaadOffTheDeck wrote:The IRS doesn't bother with lesser incomes. If you never earned over 50k a year you could possibly go your whole life without filling and not be bothered. That doesn't mean you wouldn't get randomly flagged, but they're much more concerned with the wealthy not filling and combing their returns. As for penalties, you can't listen to the radio without a commercial for an attorney settling Tax debts for pennies on the dollar. The easiest way to break it down is that it's a gigantic money conglomeration and they are only concerned with giant sums of money. That's federally, the states will gauge anyone. Much tougher dealings there.

good information & interesting

coneye wrote:

Counter-puncher wrote:

SaadOffTheDeck wrote:The IRS doesn't bother with lesser incomes. If you never earned over 50k a year you could possibly go your whole life without filling and not be bothered. That doesn't mean you wouldn't get randomly flagged, but they're much more concerned with the wealthy not filling and combing their returns. As for penalties, you can't listen to the radio without a commercial for an attorney settling Tax debts for pennies on the dollar. The easiest way to break it down is that it's a gigantic money conglomeration and they are only concerned with giant sums of money. That's federally, the states will gauge anyone. Much tougher dealings there.

good information & interesting

Very interesting indeed , here in Aust they will go the smaller fella , , and shy away from the multi national companies , count the pennys and they turn into pounds scenario , and a lot easier than fighting Kerry Packer and the like

SaadOffTheDeck wrote:

coneye wrote:I had a discusion with him he said its all somehow rtelated to his property hence why he has a big property , I'm not sure which state he lives in though i think its the one with a famous drag racing circuit . Daytona or something similar

Floyd? He lives in Vegas. You're thinking of Florida. Neither has state taxes so properly taxes are very high.

coneye wrote:

SaadOffTheDeck wrote:

coneye wrote:I had a discusion with him he said its all somehow rtelated to his property hence why he has a big property , I'm not sure which state he lives in though i think its the one with a famous drag racing circuit . Daytona or something similar

Floyd? He lives in Vegas. You're thinking of Florida. Neither has state taxes so properly taxes are very high.

I know its complex there , I've got a mate who's nephew has bought up , a few real good buys in Vegas , rents them out to show people , but he told me it gets complicated because of the morgage and tax system .

Covfefe wrote:I think it's sad that we're talking about a boxer's tax affairs.

Honestly, who cares?