30 little-known facts about Floyd Mayweather Jr.
16. Mayweather has had multiple issues with the IRS
Floyd Mayweather Jr. has used his “Money” moniker as the foundation of his post-Oscar De La Hoya persona, but evidence has emerged detailing Mayweather’s multiple issues with the IRS over unpaid taxes. For a fighter who has garnered crossover and lifestyle appeal with a large cohort of fans thanks to an ostentatious lifestyle befitting obscene wealth, Mayweather’s money woes are deeply ironic.
Here are some details courtesy AP sports writer Ben Nuckols in a piece that appeared on Yahoo Sports:
"The IRS still has Floyd Mayweather Jr. on the hook for $7.2 million in taxes from 2010, according to records that show a lien as unresolved for the year he fought Shane Mosley. That’s on top of the $22.2 million the undefeated boxer nicknamed ”Money” owes in 2015 taxes , when he earned $200 million for a fight against Manny Pacquiao. He brushed off the tax debt in comments to reporters on Tuesday at the start of his tour to promote an Aug. 26 boxing match against Irish MMA star Conor McGregor."
The fact that Mayweather owes taxes from the year where he was literally the world’s highest-earning athlete after banking an astronomical purse from his fight against Manny Pacquiao is flabbergasting. It also raises legitimate questions about the motivations behind a farcical, yet obviously lucrative, bout against boxing novice Conor McGregor.
Mayweather actually sued the IRS, seeking a reprieve that would enable him to pay his back taxes in installments. Mayweather has apparently paid a $3.3 million tax lien, which, according to Forbes, still leaves him owing the above-cited figure that falls just shy of $30 million. Mayweather claims to have already paid $26 million in taxes in 2015, so conflicts abound. Regardless of whether the McGregor fight will be the reprieve Mayweather is seeking in court, his financial woes don’t augur well for the future.