New 39.6% top tax rate knocks next Pacquiao fight out of the USSA

[eyer]

Since 2006, Filipino boxing superstar Manny Pacquiao has fought exclusively in America...

...until now, that is.

Pacquiao's next fight, this November 24, will take place @ The Venetian in Macau, Communist China...

...simply because by fighting in Communist China this time, Pacquiao will be taxed 27.6 % less.

Macau's top marginal income tax rate is 12%...

...the USSA's is now 39.6%.

If Pacquiqao - the world's 2nd highest-paid athlete - garners $20 million for his November fight, he'll end up ceding $2.4 million of it in tax to the Communist Chinese...

...whereas he'd have to surrender $7.9 million to the USSA.

$17.6 million in earnings fighting in Communist China...

...vs. $12.1 million fighting in the good 'ol USSA.

Must've been a really difficult unanimous decision...
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[Sean Renaud]

Citation.

 

[KyleW]

I have a steel toed boot. And you have a taint. They are destined to meet.

 

[imalickin]

Doesn't he have to pay if he brings it into the US? No matter how? Well I guess he could smuggle it in, yet paying the tax would be cheaper than going to jail, don't you think?

 

[mercury14]

Since 2006, Filipino boxing superstar Manny Pacquiao has fought exclusively in America...

...until now, that is.

Pacquiao's next fight, this November 24, will take place @ The Venetian in Macau, Communist China...

...simply because by fighting in Communist China this time, Pacquiao will be taxed 27.6 % less.

Macau's top marginal income tax rate is 12%...

...the USSA's is now 39.6%.

If Pacquiqao - the world's 2nd highest-paid athlete - garners $20 million for his November fight, he'll end up ceding $2.4 million of it in tax to the Communist Chinese...

...whereas he'd have to surrender $7.9 million to the USSA.

$17.6 million in earnings fighting in Communist China...

...vs. $12.1 million fighting in the good 'ol USSA.

Must've been a really difficult unanimous decision...
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It's Macau, a semi-autonomous region of China. Macau sets its own monetary policy and tax rate and keeps taxes quite low... because it's basically a city-state funded by tourism and gambling revenue that doesn't have to pay for its own defense.

But facts don't matter do they Eyer. All that matters is the narrative.

As prescribed by the Macau Basic Law, the government follows the principle of keeping expenditure within the limits of revenues in drawing up its budget, and strives to achieve a fiscal balance, avoid deficits and keep the budget commensurate with the growth rate of its gross domestic product. All the financial revenues of the Macau Special Administrative Region shall be managed and controlled by the Region itself and shall not be handed over to the Central People's Government. The Central People's Government shall not levy any taxes in the Macau Special Administrative Region.[86]

 

[ChinaBandit]

As a foreigner, Pacman would have been taxed at 45% in mainland China.

For the poster who questioned how he would bring the loot into America, a non-issue. He lives in the Philippines.

 

[kbate]

It's Macau, a semi-autonomous region of China. Macau sets its own monetary policy and tax rate and keeps taxes quite low... because it's basically a city-state funded by tourism and gambling revenue that doesn't have to pay for its own defense.

But facts don't matter do they Eyer. All that matters is the narrative.

Great facts, but totally irrelevant to whether or not the tax rate is why this athlete chose to fight somewhere besides the USA.

 

[mercury14]

Great facts, but totally irrelevant to whether or not the tax rate is why this athlete chose to fight somewhere besides the USA.

Eyer's point was that Pacquio is choosing to fight in Communist China because in the USA taxes are sky in comparison. I pointed out why that's a bogus comment and it's completely relevant. You just didn't like it.

Macau isn't well-defined as Communist China, it's more a city-state international tax haven than it is China. People doing business there doesn't mean it's a statment about the USA-Chinese tax rate no matter how much Eyer wants it to be.

 

[kbate]

Eyer's point was that Pacquio is choosing to fight in Communist China because in the USA taxes are sky in comparison. I pointed out why that's a bogus comment and it's completely relevant. You just didn't like it.

Macau isn't well-defined as Communist China, it's more a city-state international tax haven than it is China. People doing business there doesn't mean it's a statment about the USA-Chinese tax rate no matter how much Eyer wants it to be.

Is the fighter choosing to fight outside the USA because of lower taxes or not?

I don't particularly care where boxers fight and your little "you don't like it" is another idiotic little statement. You did not address the topic which is the question I just posted.

Nobody cares how Macau is defined or how it keeps taxes low. The issue is, "is the fight being held there to avoid the U.S. tax?"

 

[eyer]

Macau's top marginal income tax rate is 12%...

...the USSA's is now 39.6%.

Keep disingenuously dancin' like the lying piece of sh!t you are...

 

[kbate]

eeyore finally gets it right

 

[mercury14]

You beat me to it. Nothing in this thread will top that screenshot.

Also of note: you have have three shortcuts to logical fallacies in your toolbar topped off by some sick fox hunting shit. Animal bloodsports fucking suck.

 

[MatthewVett]

Are you saying we should base our tax policy on whether or not athletes wish to perform in the US? There's absolutely nothing incredibly fucking stupid about that to you?

 

[mercury14]

Are you saying we should base our tax policy on whether or not athletes wish to perform in the US? There's absolutely nothing incredibly fucking stupid about that to you?

Actually it sounds like he thinks the USA should base its tax policy on what the tiny Asian city-state of Macau is doing. Nevermind that it's not even an actual country and its economic realities are different from ours in almost every way imaginable, Eyer thinks Macau is still a sound model for what America ought to emulate.

 

[kbate]

Professional athletes have a specially difficult tax situation as they make income sometimes in 20-40 states and have to file tax returns based on where they earn rather than where they live.

I haven't seen anyone say we should emulate any other place, communist or otherwise. I think the athlete made his own statement - that he'd rather fight where he gets to keep a larger percentage of the purse. If that was in America, he'd be here . . . if the purse to fight in America was $20 million and he got to keep 12 million of it, he'd be here rather than fighting for $6 million in Macau.

He is playing straight dollars and cents - nothing more. $6 million earned there is more to him than $6 million earned here. So he's there. end of story.

 

[mercury14]

Professional athletes have a specially difficult tax situation as they make income sometimes in 20-40 states and have to file tax returns based on where they earn rather than where they live.

I haven't seen anyone say we should emulate any other place, communist or otherwise. I think the athlete made his own statement - that he'd rather fight where he gets to keep a larger percentage of the purse. If that was in America, he'd be here . . . if the purse to fight in America was $20 million and he got to keep 12 million of it, he'd be here rather than fighting for $6 million in Macau.

He is playing straight dollars and cents - nothing more. $6 million earned there is more to him than $6 million earned here. So he's there. end of story.

There are certainly places with lower tax rates than Macau (I think) so I don't think dollars and cents is the entire equation. I'd suggest "Macau has a burgeoning gaming and gambling industry" and "popularizing the sport on the doorstep of 334534 billion people".

 

[kbate]

There are certainly places with lower tax rates than Macau (I think) so I don't think dollars and cents is the entire equation. I'd suggest "Macau has a burgeoning gaming and gambling industry" and "popularizing the sport on the doorstep of 334534 billion people".

Las Vegas, Maryland, Pennsylvania, Monaco and other places have burgeoning gaming as well. He chose the low tax rate place.

I'd bet that if the purse was raised high enough that he would take home $50,000 more after taxes, he'd fight in Vegas instead.

 

[mercury14]

Las Vegas, Maryland, Pennsylvania, Monaco and other places have burgeoning gaming as well. He chose the low tax rate place.

I'd bet that if the purse was raised high enough that he would take home $50,000 more after taxes, he'd fight in Vegas instead.

Those places don't expand the market. Another boxing match in Vegas? *Yawn* Zero new market added.

 

[kbate]

Those places don't expand the market. Another boxing match in Vegas? Zero new market added.

he doesn't give a damn about "expanding markets" he cares about his cheque.

You care about expanding markets, the promoters might care about it, the organisers in Macau care, but for the fighter - just words on a card to read.

 

[mercury14]

he doesn't give a damn about "expanding markets" he cares about his cheque.

You care about expanding markets, the promoters might care about it, the organisers in Macau care, but for the fighter - just words on a card to read.

You seem to know a lot about boxing as an organization. Have boxers always picked their match locations based on the lowest tax rate in the world or have there been matches in the USA before?

Also fox hunting??? What the fuck is wrong with you?

 

[kbate]

You seem to know a lot about boxing as an organization. Have boxers always picked their match locations based on the lowest tax rate in the world or have there been matches in the USA before?

Also fox hunting??? What the fuck is wrong with you?

No, they used to pick them based on the location and television and promoters. Now in a global economy, things changed and tax avoidance might just be a factor.

You drive a car? How many innocent insects did you slaughter today? What the fuck is wrong with you?

 

[mercury14]

You drive a car? How many innocent insects did you slaughter today? What the fuck is wrong with you?

I can tell the difference between a gnat hitting a windshield and the live disembowelment of a canine done simply because you think it's fun to engage in live disembowelments. Why can't you tell the difference?

Hell, I swallowed a bug at the Flying Pig Marathon on Sunday. Did I basically go out and tear the guts out of a fox for fun?

 

[kbate]

I can tell the difference between a gnat hitting a windshield and the live disembowelment of a canine done simply because you think it's fun to engage in live disembowelments. Why can't you tell the difference?

Hell, I swallowed a bug at the Flying Pig Marathon on Sunday. Did I basically go out and tear the guts out of a fox for fun?

No, but if you don't sell your car immediately, every insect from today on is intentionally and cruelly killed, just for your own convenience.

I'm not wasting time arguing about this since you have told me what I think of the sport.

 

[mercury14]

No, but if you don't sell your car immediately, every insect from today on is intentionally and cruelly killed, just for your own convenience.

I'm not wasting time arguing about this since you have told me what I think of the sport.

Your dead gnat comparison is just the worst thing I've ever read.

 

[kbate]

Your dead gnat comparison is just the worst thing I've ever read.

Your foxhunting fauxrage is a great comparison by contrast to vehicular bug murdering. Death is death. More fox are killed by vehicles and starvation every year than have been killed by hounds since time began.

We do not chase fox to the kill in america unless by some rare happening - the fox cannot find a covert in which to evade the hounds, is very young or is old and sick.

In England, the fox is going to be controlled - if not by hounds then by gun. Ending foxhunting wasn't about protecting foxes, it was about hurting the 'rich'.