Yikes, this does not look good at all for Manny Pacquiao. We knew that Pac had some tax issues going on, but this is bad. The IRS is not someone you want to mess with, they’re quick to lock someone up!
Check out exactly how much Pacquiao reportedly owes…
Via TMZ:
Manny Pacquiao has 18 MILLION new tax problems … in addition to his $50 million tax fight in the Philippines … and this time, it’s Uncle Sam that’s trying to force Manny to pay up.
TMZ Sports has obtained official documents which show the IRS claims Manny stiffed the government out of federal income taxes from 2006 to 2010 … totaling $18,313,668.79 in debt.
Here’s the yearly breakdown:
2006 — $1,160,324.30
2007 — $2,035,992.50
2008 — $2,862,437.11
2009 — $8,022,915.87
2010 — $4,231,999.01
Interesting note — Manny had 3 big fights in 2008, including a match against Oscar De La Hoya in which MP reportedly banked $15-$30 million in guaranteed cash.
In 2009, Manny famously fought Ricky Hatton and earned a $12 million purse.
Manny’s U.S. tax problems come on the heels of a nasty tax war in his home country, The Philippines … where the govt. claims he evaded paying $50 million in taxes in 2008 and 2009 stemming from fights that took place in the United States.
Philippines officials have frozen the bank accounts Manny has in the country … and even placed a lien on one of his most expensive properties, located in Manila.
