Home > IRS, Sports > Boxing Legend Mayweather Jr. Owes IRS $3.4 million

Boxing Legend Mayweather Jr. Owes IRS $3.4 million

Floyd “Money” Mayweather Jr., a boxer with an undefeated professional record of 41 wins and 0 losses, was recently handed a loss by the IRS of approximately $3.4 million in back taxes from the 2009 tax year.

In 2009, Mayweather came out of a 21-month retirement to defeat Juan Manuel Márquez in twelve rounds.  Can’t say I’m surprised the decision was unanimous considering Marquez only managed to land 70 of his total 583 punches while Mayweather landed 289 of his 490 total punches (courtesy of Wikipedia).  Mayweather reportedly earned $25 million from the fight, and presumably failed to properly give Uncle Sam his share.

This isn’t the boxing legend’s first losing bout with the IRS.  In late 2008, the IRS filed a tax lien to the tune of $6.2 million against Mayweather.  I find it interesting that the article suggested the lien could push Mayweather back into the ring, because shortly thereafter, the Márquez fight arrangements commenced.  Only time will tell whether Mayweather’s most recent tax troubles force “Money” to continue on this vicious cycle.  It’s pretty clear the man has serious financial management issues.

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  1. Rolando
    April 4th, 2011 at 00:26 | #1

    First Mayweather dodges Pacquiao. Now the IRS!

  2. Joe Steere
    April 4th, 2011 at 08:41 | #2

    Sounds like things are about to get ugly for old pretty boy Floyd. By the time this is over the term Internal Revenue Code will ring a bell for that evasive pugilist, and here’s a hint for you Mr. Mayweather, the IRC is no Queensberry rules. The champ is going to have to tighten his belt and throw more into the ring than his hat to get this heavy weight bill paid off. A $25 million pay day is in a class of its own and is bound to do more than ruffle a few feathers down at the IRS. By hook or by Jab the taxman is bound to catch that crook and will still be standing over him once the ref is done counting to ten. Might as well throw in the towel, sir, and change your name to “Cash-us-out Clay.” There’s no dancing around this one and you’d better know more about the ropes than how to lean on them if you think the treasury department is just a bunch of dopes.

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