Well, what do you know? All these years, while we’ve been calling him Floyd “Money” Mayweather, we probably should have been calling him Floyd “Money-Owing” Mayweather.
According to a report from Deadspin, the undefeated boxing champ actually has a long history of not paying his taxes on time and being hit with tax liens.
Deadspin obtained several forms from the Internal Revenue Services detailing dozens of liens (and releases from those liens) for taxes owed by Floyd Mayweather Jr. in Clark County, Nevada, dating all the way back to 2004. In total, there are 10 tax liens, totaling over $47-million.
Floyd does have a pretty good explanation for all of the liens he’s been hit with. According to his tax lawyer, Jeffrey Morse, it’s all about smart investing.
As Morse recently told Fight Hype, the boxer is simply investing that money and delaying payment on his taxes because the amount he makes through investments is more than the amount he pays in interest on his unpaid taxes.
It certainly makes sense. Whether or not it’s true, however, is a completely different story.
All I have to say is, if you’re going to call yourself “Money” and brag about how much cash you have, at least pay your damn taxes on time—otherwise, don’t be surprised when everyone calls you out for it.
If you’d like to see the documents from all of Mayweather’s tax liens, dating back to 2004, you can do so at Deadspin here.