Official Conor McGregor thread (part 2). **Read warning in 1st post**

AlmightyCushion

Mellor wrote: »

If he was an employee of UFC (Ltd) then yeah, he'd pay income tax on the lot. But he isn't. USA and Ireland have a tax treaty, so you can't get taxed on it twice. The liability would be less in the US.

My point was that if he can handle it differently to avoid tax. As SM describes above.

Purse and PPV points will be handled the same for tax purposes. It's all just income, the total is all that matters.

daRobot

The Rooster wrote: »

But Conor still lives in Ireland, doesnt he? Irish residents are taxed on their worldwide income, wherever earned. So if Conor is still Irish resident, he'd be paying total tax at 53%-55% on the full whack. From an Irish perspective purse fee and PPV share would be treated exactly the same (income).

Think more along the lines of a multinational setup. UFC pay Conor's company, and the Irish gov take corporation tax. If he chooses to take money out of his company, only then will he take the major hit.

But when you're talking about those sums of money, there will no doubt be a smart tax planning strategy in place.

EagererBeaver

daRobot wrote: »

Think more along the lines of a multinational setup. UFC pay Conor's company, and the Irish gov take corporation tax. If he chooses to take money out of his company, only then will he take the major hit.

But when you're talking about those sums of money, there will no doubt be a smart tax planning strategy in place.

Yes, but the point being made is that whether it's his fight fee or share of PPV, it's all income/revenue that will be taxed appropriately for whatever accounting set-up he has going on.

Mellor

AlmightyCushion wrote: »

Purse and PPV points will be handled the same for tax purposes. It's all just income, the total is all that matters.

A per by last question, what are you basing that on.

The purse will be taxed in the US as incone or what ever they the threat athletes (I doubt he has a choice on that one).
The PPV points and bonuses can be handled differently. It could be paid to a company, where he is a director drawing a salary. In that case pays income tax on his salary. The company pays tax on the profits"after expenses, not as income.

EagererBeaver wrote: »

Yes, but the point being made is that whether it's his fight fee or share of PPV, it's all income/revenue that will be taxed appropriately for whatever accounting set-up he has going on.

My point was that the disclosed purse is possibly taxed as income by the US.
The rest is done under by whatever accounting set-up.

EagererBeaver

It's still income - either to a company set up for him or to him personally.

Easy Rod

Saipanne wrote: »

Should he begin at entry level, then? Fight a few journeymen and work his way up the rankings?

Nope, he should get a title shot straight away, I'm just saying he can't be ranked.

daRobot

Mellor wrote: »

A per by last question, what are you basing that on.

The purse will be taxed in the US as incone or what ever they the threat athletes (I doubt he has a choice on that one).
The PPV points and bonuses can be handled differently. It could be paid to a company, where he is a director drawing a salary. In that case pays income tax on his salary. The company pays tax on the profits"after expenses, not as income.



My point was that the disclosed purse is possibly taxed as income by the US.
The rest is done under by whatever accounting set-up.

Nevada has zero income tax anyhow, so it would be to his advantage if so.

But to be honest, this is all speculation and feels somewhat pointless as none of us here know his exact setup. There are many ways it could be.

AlmightyCushion

Mellor wrote: »

A per by last question, what are you basing that on.

The purse will be taxed in the US as incone or what ever they the threat athletes (I doubt he has a choice on that one).
The PPV points and bonuses can be handled differently. It could be paid to a company, where he is a director drawing a salary. In that case pays income tax on his salary. The company pays tax on the profits"after expenses, not as income.



My point was that the disclosed purse is possibly taxed as income by the US.
The rest is done under by whatever accounting set-up.

The split between PPV points and purse makes no difference for tax purposes. It's all treated as income for an individual or a company and taxed accordingly. This would only be different if there was a tax specifically for the purse. If that was the case though, do you think McGregor or any big fighter would take a huge purse? They'd just ask for a purse of $1 and more PPV points or some other form of payment that wouldn't attract the purse tax. It's the same with CEOs who earn only $1 a year. They get share options instead of pay because they pay less tax on shares than they would on income tax.

Swashbuckler

JJayoo wrote:

And it's in McG interest to play it up fighting the bigger man/moving up to fight a welterweight etc Diaz is obviously taller but in reality he is a string of piss with very little muscle mass, he is absolutely nowhere close to 200pounds.

The difference is Conor weighed in well under the limit whereas Nate clearly had a pretty big cut. The difference in size between the two was obvious.

JJayoo

Swashbuckler wrote: »

The difference is Conor weighed in well under the limit whereas Nate clearly had a pretty big cut. The difference in size between the two was obvious.

Wasn't Conor only two pounds under? And the weigh-ins were first thing in the morning, your weight will always be low in the mornings. Conor was def over 170 in octagon, all you have to do is compare the actual weigh-in to the media weigh in, he looks much 'fuller' in the media, but I'm still only talking a few pounds.

Nate said he weighed 175 in octagon you say he had a big cut, who to believe

Swashbuckler

JJayoo wrote: »

Wasn't Conor only two pounds under? And the weigh-ins were first thing in the morning, your weight will always be low in the mornings. Conor was def over 170 in octagon, all you have to do is compare the actual weigh-in to the media weigh in, he looks much 'fuller' in the media, but I'm still only talking a few pounds.

Nate said he weighed 175 in octagon you say he had a big cut, who to believe

In fairness Diaz said a couple of weeks back that he was close to 200lbs so who knows I guess. But in terms of the eye test Nate was clearly much much bigger. Conor, at best had a small cut. Conor didn't weigh "Welterweight" in the octagon, that's for sure.

JJayoo

Swashbuckler wrote: »

In fairness Diaz said a couple of weeks back that he was close to 200lbs so who knows I guess. But in terms of the eye test Nate was clearly much much bigger. Conor, at best had a small cut. Conor didn't weigh "Welterweight" in the octagon, that's for sure.

Neither of them were at welterweight, I mean Nate is stated as being 6 foot, find another 6 foot guy in welterweight and compare physique. Robbie Lawyer for example, at 5 foot 11, makes Diaz's physique comparable to an empty hot water bottle

Outlaw Pete

McGregor has already said he'll fight Nate at 155, maybe even for the lightweight belt, so what's Nate at saying this kind of thing on the old tweeter machine. Seems pointless unless he is trying to push for the rematch to happen at 205.

https://twitter.com/NateDiaz209/status/768332371397582848

Mellor

AlmightyCushion wrote: »

The split between PPV points and purse makes no difference for tax purposes. It's all treated as income for an individual or a company and taxed accordingly.

But the tax rates for the company are a lot less. That's the point. The US treats fights purses as personal income. 40%

Any way, as above its all speculation. Maybe he's paid in suits, watches and cars.

DuffleBag

Get over it lads. He made millions. End of.

EagererBeaver

Mellor wrote: »

But the tax rates for the company are a lot less. That's the point. The US treats fights purses as personal income. 40%

Any way, as above its all speculation. Maybe he's paid in suits, watches and cars.

The point is that the tax treatment is dependent on whatever way McGregor has his operation set up, not on the split between purse and PPV revenue.

EagererBeaver

DuffleBag wrote: »

Get over it lads. He made millions. End of.

That's the long and short of it alright!

cloudatlas

Outlaw Pete wrote: »

McGregor has already said he'll fight Nate at 155, maybe even for the lightweight belt, so what's Nate at saying this kind of thing on the old tweeter machine. Seems pointless unless he is trying to push for the rematch to happen at 205.

https://twitter.com/NateDiaz209/status/768332371397582848

Well didn't he say that was the only fight he would entertain so he probably doesn't want to wait too long for it and he knows he is competing with a load of others aldo, alvarez etc., for the opportunity.

Lukker-

JJayoo wrote: »

Neither of them were at welterweight, I mean Nate is stated as being 6 foot, find another 6 foot guy in welterweight and compare physique. Robbie Lawyer for example, at 5 foot 11, makes Diaz's physique comparable to an empty hot water bottle

Diaz is going to play down the size advantage as much as Conor is going to play it up.

At the end of the day, Diaz is huge for a light weight, and is clearly carrying more muscle than he would when fighting at 155, but he'd still be considered a small - normal WW.

Just look at him and Nick in photos together before 202, not much difference with Nate looking as big if not bigger. Nick is a natural WW and has even fought at 185.

JJayoo

Outlaw Pete wrote: »

McGregor has already said he'll fight Nate at 155, maybe even for the lightweight belt, so what's Nate at saying this kind of thing on the old tweeter machine. Seems pointless unless he is trying to push for the rematch to happen at 205.

https://twitter.com/NateDiaz209/status/768332371397582848

He posts that and it spreads all over the mma news sites/social.media he has clearly picked up some tips from McG on bossing social media

Outlaw Pete

JJayoo wrote: »

He posts that and it spreads all over the mma news sites/social.media he has clearly picked up some tips from McG on bossing social media

Yeah, I guess and I appreciate he doesn't want to ever be too far from people's minds as public appetite is a huge factor in determining which fights get made, and sure it was his call out after all that most likely got him the initial shot at Conor to begin with but I just think he'd be better off waiting as if he does this much, then people will tire of it.

I think people are little jaded with the whole Nate / Conor thing now anyway. Not that they don't want the trilogy, I think almost everyone does, but for the next fight? Nah, I just don't think people would be feeling a third fight all that soon after the last one. Maybe in eight months to year, but now I think people want to see other fights happen first, for both fighters.

Subcomandante Marcos

Mellor wrote: »

But the tax rates for the company are a lot less. That's the point. The US treats fights purses as personal income. 40%

Any way, as above its all speculation. Maybe he's paid in suits, watches and cars.

He won't be taxed in the US though because he's not a resident there, the tax will be paid in Ireland. It's weird but that's how it works.

stiffler123

Good to see Conor's accounting team are on boards. It's riveting stuff.

TireeTerror

Apparently Conor is actually from Northern Ireland!

http://www.dailymail.co.uk/sport/othersports/article-3750174/UFC-returning-Northern-Ireland-Fight-Night-Belfast-scheduled-SSE-Arena-November.html

Paully D

How do you all think a bout with Alvarez would go? Personally I think Conor will vacate 145 and fight for the 155 strap so Alvarez will be his next fight.

I know Eddie hasn't been KO'd since 2007 but lets be honest, he has had 4 fights out of 32 at UFC level, 1 of which he lost and 2 of which were split decision wins.

Personally I think if Conor lands the type of shots he put on Diaz that he would have Eddie in serious, serious trouble.

McGregor wins that bout before it gets to the Championship rounds IMO.

martyos121

Eddie goes to sleep within ten minutes I reckon. McGregor's much improved footwork and boxing ability should be too much for anyone to handle at 155, if the fight doesn't go to ground much.

Khabib having the ability to land takedowns pretty much at will is a different story though, I don't know who has the skill set to beat him yet but I'm sure there's someone out there.

Ush1

Paully D wrote: »

How do you all think a bout with Alvarez would go? Personally I think Conor will vacate 145 and fight for the 155 strap so Alvarez will be his next fight.

I know Eddie hasn't been KO'd since 2007 but lets be honest, he has had 4 fights out of 32 at UFC level, 1 of which he lost and 2 of which were split decision wins.

Personally I think if Conor lands the type of shots he put on Diaz that he would have Eddie in serious, serious trouble.

McGregor wins that bout before it gets to the Championship rounds IMO.

I think Alvarez is a much easier match up for Conor than Diaz.

JJayoo

Alverze takes him down at will, think a much bigger and stronger Mendes.

It will all depend on Alverzes ability to stick to a gameplan and not get drawn into a headhunting competition with McG.

Axwell

Subcomandante Marcos wrote: »

He won't be taxed in the US though because he's not a resident there, the tax will be paid in Ireland. It's weird but that's how it works.

True in this case but thats not always how it works in terms of being taxed abroad as a UFC fighter. If the UFC event is outside of the US (ie an International Event) then the fighters have to pay tax in that country before getting their paycheck and then again in their home country.

Wrongway1985

TireeTerror wrote: »

Apparently Conor is actually from Northern Ireland!

http://www.dailymail.co.uk/sport/othersports/article-3750174/UFC-returning-Northern-Ireland-Fight-Night-Belfast-scheduled-SSE-Arena-November.html

You might be surprised to hear that people from Northern Ireland can too be referred to as you know Irish, where does it say Conor is from Northern Ireland specifically?

Perhaps if you are an easily offended nationalist may I suggest you not bother reading news stories from the daily mail