Floyd Mayweather may be called “Money,” but a🌠 tax court petition indicates that he doesn’t have enough money to meet his 2015 tax liability.
Mayweather is asking for a reprieve until he ca🌟n collect the money from his upcoming fight against Conor McGregor, which Mayweather is expected to collect a nine-figure payment for the August 26 megafight.
According to , Mayweather filed a pe𝓰tition on July 5 for a reprieve, but according to legal website , which has a copy of the petition, Mayweather does have assets to pay for the massive debt. The IRS sai🥀d that as of March 2015
"Although the taxpayer [Mayweather] has substantial assets, those assets are restricted and primarily illiquid," the petition stated. "The taxpayer has a significant liquidity event scheduled in about 60 days from which he intends to pay the balance of the 2015 tax liability due and outstanding."
Mayweather has not be⛎en a stranger to getting insanely huge amounts of money for a fight. The undefeated boxer made about $220 million for his 2015 fight against Manny Pacquiao. That fight broke numerous financial records for a boxing event, including boxing’s pay-per-view buyrate record. Mayweather did posted a picture on social media after the fight of himself holding a $100 million check from that historic fight.
In the petition, Mayweather also asks the court to reduce the penalties he’s iꦏncurred from his outstanding tax debt. The average failure-to-pay penalty is 0.5 percent of the amount owed per month. Taking into account the time his tax bill was issued (about 15 ൲months), Floyd may be paying an additional 7.5 percent on top of whatever the original amount was.
Mayꦅweather is coming out of retirement to fight McGregor at T-Mobile Arena as Mayweather is going for his 50th career win as a professional boxer.
