More evidence that taxes matter: Boxer takes Fight in Macau, U.S. Federal Income Tax Rate Proves Too High
Manny Pacquiao will look to break a two-fight losing streak when he returns to the ring on Nov. 24 (Nov. 23 in the U.S.) at The Venetian in Macau, China, to fight Brandon Rios in a 12-round welterweight bout, Pacquiao adviser Michael Koncz exclusively told Yahoo! Sports on Monday. . . . .Here are some of the comments about their views on taxes.
Michael Koncz told Yahoo! Sports that the 39.6 percent tax rate Pacquiao would face if he were to fight again in the U.S. makes a fall bout in Las Vegas "a no go." . . .
"Manny can go back to Las Vegas and make $25 million, but how much of it will he end up with – $15 million?" Arum said. "If he goes to Macau, perhaps his purse will only be $20 million, but he will get to keep it all, so he will be better off." . . .