taxes Page index.xml - Sports News, Headlines & Highlights

Report: College Athletics Imperiled By House Tax Bill

College athletics administrators are panicking about a provision of the recently passed House tax bill that would make donations made to universities related to season ticket purchases non-deductible, potentially costing athletic programs enormous chunks of funding, according to a report from Darren...

Floyd "Money" Mayweather Has Had Trouble Paying His Taxes On Time For Years

It came out recently that Floyd Mayweather owes the IRS a whopping $22.2 million, but documents show that that big number is the least of it. The famous boxer—who routinely brags about his wealth, and even goes by the nickname “Money”—has had trouble paying his taxes on time for more than a decade. ...

Report: Floyd Mayweather Needs Some Time To Pay His Taxes [UPDATE]

Floyd Mayweather has filed a petition saying he doesn’t have enough cash on hand to meet his 2015 taxes, and he’s asking the IRS for a reprieve until after his fight against Conor McGregor next month, according to Law360. ...

Cristiano Ronaldo's Hissy Fit Is Reportedly Almost Over

It hasn’t even been a full week since Cristiano Ronaldo’s camp began leaking to anyone who’d listen that he was done with Spain and had resolved to leave Real Madrid, a supposedly “irreversible” decision borne of his deep feelings of persecution because the Spanish government has taken issue with hi...

UK Tax Authorities Raid West Ham And Newcastle 

Newcastle’s addiction to buying French players has finally caught up with the club. DeAndre Yedlin’s soon-to-be promoted club and Premier League club West Ham are both the subject of an investigation by the HM Revenue and Customs office, the UK’s tax authority, for alleged tax fraud. Newcastle boss ...

This Is All You Need To Know About Paul Ryan's Tax Plan

Boyish scamp and retrograde class warrior Paul Ryan is turning his attention to “tax reform,” a term of art for the process of moving our nation’s wealth into the bank accounts of the very rich. Here is one statistic that tells the entire story. ...

No, Paying NCAA Athletes Won't Cost Them Money

Few things get me as angry as seeing people oppose a reform because of unrealistic concerns about imaginary unforeseen consequences. Pick a problem and propose some way to make it better, and some concern troll will immediately pop out from behind a curtain to say that there is some remote chance of...

We Need To Tax The Rich But Instead We'll Do The Opposite

Economic inequality in America has been rising steadily since the Reagan era. Why? A new research paper identifies what it say is the main culprit: the fact that we’ve stopped taxing the rich. ...

We Are Losing The War On Inequality And It's Not Even Close

This decade has been the one in which the American mainstream finally realized we have a profound economic inequality problem. It is only now becoming clear just how far we are from turning this around. ...

Lionel Messi Convicted Of Tax Fraud, Given 21-Month Suspended Prison Sentence<em></em>

Today, Lionel Messi and his father Jorge—the latter who oversaw his son’s finances—were both convicted of defrauding the Spanish tax authorities for €4.1 million. They were given a suspended sentence of 21 months in prison, which will not result in any actual jail time....

Your Last-Minute, Pants-Shitting Guide To Taxes

Oh holy living fuck, Tax Day is Monday! Have you filed yet? Do you owe penalties? SHIT YOU’RE GOING TO FUCKING JAIL. You better run. I know a place in Mexico where you can lie low for a bit while the Feds go searching for you. It’ll buy you the time you need, and then you can jump a shipping freight...

Don't Forget These Great, Easy Tax Deductions 

Still haven’t done your taxes yet? Me either. Lucky us: we get an extra three days this year. But you should still get on that....

Do Not Rely On Al Michaels For History Lessons

Al Michaels is one of sports broadcasting’s best-known conservatives, and the NBC announcer cracked wise with one of the right’s most classic myths: that income taxes these days are extraordinarily high....

It Appears Clinton Portis Owes A Lot Of People A Lot Of Money

Court filings unearthed this week reveal that banks, the IRS, and a casino are lining up to collect from former star NFL running back Clinton Portis. Even worse, it looks like the bank is trying to foreclose on the house Portis bought for his mother in 2004....

The Broncos Have A Fart Tax, And Von Miller Frequently Pays It

The Broncos apparently have a fart problem, because the team took action and instituted a system in meetings: If you fart, you pay a fine. Linebacker Von Miller admitted he pays the fart tax a lot....

ESPN Has Received $260 Million In State Tax Breaks In 12 Years

ESPN has been in Connecticut since its inception in 1979, transforming Bristol from a doorbell-manufacturing town with a borrowed name and little else to the roosting place of the Worldwide Leader in Sports. In return, the state has been very forgiving to ESPN come tax time....

Does Manny Pacquiao Have Any Money Left?

Manny Pacquiao claims he has had to borrow tens of thousands of dollars to send relief to victims of Typhoon Haiyan, because his bank accounts have been frozen by the Philippine government as it pursues $50 million in back taxes it claims he owes....

Zach Lowe on how Tennessee's "jock tax" affected Chris Johnson, who signed two 10-day contracts last season with the Grizzlies: "Johnson earned about $54,000 from those two 10-day deals (eight games played) and had to start his tax prep with a fat $7,500 check to the ownership group that waived him....

Lionel Messi Accused Of Tax Fraud

A Spanish prosecutor has formally filed a complaint against Barcelona striker Lionel Messi and his father, accusing the two of submitting fraudulent tax returns for four years....

Tom Coburn Wants To Revoke Sports Leagues' Tax-Exempt Charity Status

Last week Republican Senator Tom Coburn of Oklahoma introduced an amendment to a bill called the Marketplace Fairness Act (the so-called "Internet tax") that would revoke the tax-exempt status of sports leagues. This is the news, and Think Progress has covered it nicely here. Also news, to most peop...