Pacquiao Takes Fight in Macau, U.S. Federal Income Tax Rate Proves Too High
Boxing Superstar’s Next Fight Will Be Outside the U.S.
As reported by Yahoo! Sports, boxing superstar Manny Pacquiao’s next fight will take place on November 24th; however, for the first time since 2006, the fight will take place outside of the U.S. The official destination of this multimillion dollar sporting event is The Venetian in Macau, China. As ATR reported in February, the possibility of Pacquiao’s next fight not taking place on U.S. soil due to a punitive federal income tax rate of 39.6 percent was greater than most would suspect.
Read more: https://atr.org/pacquiao-takes-fight-macau-u-s-a7603#ixzz2Se5sbyjU
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Might also have to do with Macau being a 40 minute flight from Cebu, or that the Venetian in Macau is an amazing venue. Consider the tax rate and it’s a no-brainer.
Who cares?
Well, you do, apparently. Or else you wouldn’t have made the effort to post…