Floyd Mayweather’s tax strategy would knock out your finances

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Floyd Mayweather Jr. on July 12, 2017 while promoting his fight against Conor McGregor.

You don’t have to be Floyd “Money” Mayweather to find yourself in significant tax trouble thanks to self-employment income or a one-time windfall.

Boxer Floyd Mayweather’s upcoming bout against UFC mixed martial arts fighter Conor McGregor, who is making his boxing debut, stands to make Mayweather a minimum of $100 million, according to Boxing Scene writer Keith Idec. However, if he meets several of the clauses in his contract, that figure could swell to nearly $400 million.

According to the folks at Law 360, however, at least a portion of that will go toward paying for back taxes.

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