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Thread: Pacquiao's Poorhouse?

  1. #1

    Pacquiao's Poorhouse?



    SPARE CHANGE - With a sudden impact that may end up causing Manny Pacquiao more long term damage than Juan Manuel Marquez’s punches ever did, tax authorities in the Philippines have reportedly frozen Pacquiao’s financial assets.
    Reports from Manila indicate that Pacquiao was in the midst of a trip to visit typhoon ravaged areas when he revealed that he had to borrow around 22,000 dollars to pay for supplies.
    The problem is apparently based on allegedly unpaid taxes from 2008 – ’09. During those years, Pacquiao fought Marquez, Oscar de la Hoya, Ricky Hatton, Miguel Cotto, and David Diaz, all in Las Vegas.
    Pacquiao is said to have paid the necessary taxes, but not provided satisfactory documentation to tax authorities.
    Pacquiao said his wife’s accounts had also been frozen.
    “I am not a criminal or thief,” Pacquiao told reporters in General Santos City. “I appeal to them to remove the garnishment so I can move and pay for my staff’s salaries.”
    The most startling early information to come out so far might be the relatively small amount seized from Pacquiao’s banking accounts. A Revenue Commissioner said that attempts to garnish Pacquiao’s money only yielded around 25,000 US dollars.
    If that reported total is anywhere near accurate, it raises some crucial, near heart-breaking questions about the current state of Manny Pacquiao’s livelihood.
    Confidentiality issues prohibited any tax specifics or reliable estimates being available at posting time, but you can bet that news will be forthcoming somewhere.
    Whether that information becomes firestorm or fodder is still, currently, at least a few hours away The jackals will be howling soon enough.
    Some legitimate questions of cash flows, dry wells and poison liquidities are probably inevitable. One might hope Pacquiao has a clever accountant or a very thick mattress.
    What happened to the approximately 17 million US greenbacks Pacquiao supposedly made just four days ago for his victory over Brandon Rios?
    You would have to imagine that Bob Arum has already initiated some major crisis intervention or damage control from his optimally oiled Top Rank machine.
    Whatever personal advisors Pacquiao has outside boxing better be on their toes too, quicker than Timothy Bradley.
    Red flag time is here.
    The most important issues that should come under scrutiny are earlier reports, generally dismissed, that maybe the only reason Pacquiao is still fighting after the potentially damaging Marquez debacle is because Manny needs the money.
    That raises an even more troubling question. Perhaps Pacquiao was hurt more than he lets on after Marquez, withholding health information so the Senator can keep his night job and continue to be licensed to box.
    It might be cynical to suggest that perhaps taxes, crucial as they have become in Pacquiao’s life these days, are not the only reason he currently campaigns in China, where licensing qualifications may be different, as in more lenient or possible to evade, than in Nevada.
    How strong is the possibility that Pacquiao might currently have issues passing neurological exams under strict guidelines in Nevada?
    How strong is the possibility that the beloved Pac-man, a seemingly decent, self-sacrificing fellow, finds himself forced to fight past the point of personal safety?
    Maybe in our prayers for the Philippines we should add Manny’s name, and hope those possibilities turn out to be a lot less substantial than those once dismissed reports of a possibility Manny Pacquiao was about to join that regretful old collective, of great fighters who earned and lost a fortune.

  2. #2
    Advanced Users brownsugar's Avatar
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    Re: Pacquiao's Poorhouse?

    I said it once and I'll say it again.
    The hate the IRS
    They are more voilent... invasive and antagonizing than a squad of dirty cops.

    Regarding the catscan

    If Rios can pass a neurological test..... Anyone can.
    I don't know if anyone noticed.. But Rios' footwork was extremely suspect.
    I won't say he's shot but the end is rapidly approaching
    His deterioration is becoming more visible in every fight.
    There are many TSS readers who predicted this years ago.

  3. #3
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    Re: Pacquiao's Poorhouse?

    Poorhouse! Not the least! Da Manny -- like any big-money people -- has a stash of cash all over the globe and a ton of thick mattresses sprayed with money-protector spray. Hehe! The jealous crooks of Luzon oughta to quit. They are full of water buffalo syet. Holla!

  4. #4

    Re: Pacquiao's Poorhouse?

    Manny seems much more generous than educated in economics. His people wait outside his gym for handouts from the champ, and he obliges. There will be no such handouts when it's Manny's turn. The proverb regarding teaching a man to fish comes to mind...

  5. #5
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    Re: Pacquiao's Poorhouse?

    Wow, SC! Learning takes attention. Those people that Da Manny gives money to are so poor that they cannot PAY attention. Proverbs are easy to quote out. There in one that says to the effect "don't criticize a person, until you walk a mile in his shoes."

    Teachers also must be paid with money in this modern world. The fisherman isn't going to teach the poor syet free or give them the equipment or bait. Da Manny bought tons of fishermen modern-motorized fishing boats.

    Da Manny is well verse in making money and hanging on to it. From the time that he has been nine-years old, he has been making profit by being a smart, giving entrepreneur.

    He is the victim of Manila governmental corruption, jealousy, regionalism and tribalism. The rich and famous is hated and picked on by small-income politicians who are jealous to the core. Holla!

  6. #6
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    Re: Pacquiao's Poorhouse?

    I'm with Brown Sugar. IRS, government are the worst money grubbing criminal scumbags on earth. Uncle Sam himself is an extortionist of the highest level. Free Manny's cash!!!!!!!!!!! In the mean time if I were Floyd Id send the Pacquaio's a turkey stuffed full of Benjamin's and a contract stuck between the legs offering him a fight in 2014.

  7. #7

    Re: Pacquiao's Poorhouse?

    Those people need jobs and income for long term prosperity.

  8. #8
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    Re: Pacquiao's Poorhouse?

    Quote Originally Posted by SouthPaul View Post
    I'm with Brown Sugar. IRS, government are the worst money grubbing criminal scumbags on earth. Uncle Sam himself is an extortionist of the highest level. Free Manny's cash!!!!!!!!!!! In the mean time if I were Floyd Id send the Pacquaio's a turkey stuffed full of Benjamin's and a contract stuck between the legs offering him a fight in 2014.
    agreed....


    and if manny and floyd do fight, hell even if they dont but either way i hope the rest of their fights are off

    usa soil so the usa gov doesnt tax em.

    i would move to italy in a min if i could and get out of this place. this country is ruined...


    how about this. i am a single parent of a 14 year old son whom i have had guardianship of since he was born, at twelve months his real mom lost all rights to him via court. this women does not pay me child support. in fourteen years,.........a MAN would be in jail. This woman is free. thanks usa

  9. #9
    Advanced Users the Roast's Avatar
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    Re: Pacquiao's Poorhouse?

    Come on over Ameyseng, I got an extra room in the back.

  10. #10
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    Re: Pacquiao's Poorhouse?

    Ditto DAT, SC! That is why Da Manny has given fishermen and farmers money to buy equipment that they could never afford. Thus, their jobs are enhanced and they now have mad output. By the kindness of Da Manny, they have grabbed "long-term prosperity."

    Ninety-five percent of the poor Pilipinos are not leeches and parasites. They make a way out of no way. Give 'em a chance and 99 percent of the time, it ends in sweep romance.

    Don't judge them or sell them short. And don't let me start naming all the Filipinos that came to the United States, Europe, Africa and the Middle East poor, but are now running the show and are in the super-high middle class or millionaires sending moolah home to the P-Islands to bring up kinfolks, tribes and the whole nine of the homeland. Holla!
    Last edited by Radam G; 11-28-2013 at 11:03 AM.

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