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-   -   Nick Diaz: 'I've never paid taxes in my life, I'm probably gonna go to jail' (http://www.mmaforum.com/ufc/123058-nick-diaz-ive-never-paid-taxes-my-life-im-probably-gonna-go-jail.html)

onip69 03-18-2013 11:55 AM

Nick Diaz: 'I've never paid taxes in my life, I'm probably gonna go to jail'
 
Quote:

Nick Diaz following UFC 158: 'I've never paid taxes in my life, I'm probably gonna go to jail'


By Brent Brookhouse on Mar 18 2013, 10:00a


Nick Diaz claims he has never paid taxes following his loss to Georges St. Pierre at UFC 158. Given that he has made roughly $800,000 just in disclosed pay since 2011 (not counting the GSP fight), Diaz could very well be in serious trouble.


Nick Diaz's behavior following his loss to Georges St. Pierre at UFC 158 has been somewhat predictable. Following a fairly lopsided loss, Diaz once again decided that he should retire. He also spoke in the cage following his loss and at the press conference, saying he didn't want to make excuses, followed by making a list of excuses.

That kind of behavior is expected from Diaz.

What isn't, however, is Nick announcing to the world at the press conference that he's never paid taxes.Here's the quote from our transcript of the post fight presser:


Media Member: "If you don't retire and you do stay with this, it sounds like not being fully happy with your team, where you're at, and if you did stay with this, what would you do? Would you change teams, would you..."




Quote:

Diaz: "No, I can't be jumpin' teams. I just have to invest a little more...you know, now that I have a little bit more...you know, I've never paid taxes in my life, I'm probably gonna go to jail. (media laughs) That's not because I don't have, that's not because - what, nobody wants to hear about that, nobody wants to hear about that kind of talk, or what's really going on with me. But I might as well just be a kid, you know, I've had fight after fight after fight after fight, you know. You don't know what that does to someone who didn't graduate high school. You don't understand. Everyone has to take that - well, nobody has to do shit, but you can take that into consideration for a second, think about what three fights a year will do to you your whole life. And the only time you have some time off is, like a vacation, everyone's telling you you're this piece of shit, suspended, you know, you ain't fightin' this guy, you ain't fightin' that guy. You're gonna come back and have to dance around with a bunch of hard-hitting people. It's just not...it's just...it's a rough sport."
ESPN had some thoughts from Dana White on the situation:


Quote:

"At the end of the day, Nick has been in the sport forever. He wanted a shot at the title, he got a shot at the title and he got paid a lot of money for it. What's sad is he better go pay those taxes, a soon as he gets that check."
White said he may speak to Diaz's lawyer to see if he can help.

Here are a list of Diaz's disclosed payouts since 2011:



●vs. Carlos Condit at UFC 143 - $200,000
●vs. B.J. Penn at UFC 137 - $200,000 + $75,000 fight of the night bonus
●vs. Paul Daley at Strikeforce - $175,000
●vs. Cyborg Santos at Strikeforce - $150,000



That's right around $800,000 just in disclosed pay, not counting this weekend's bouts. If Diaz truly has not paid taxes on any of that money, he could be in a world of trouble.

The IRS is also very consistent about going after people who challenge them publicly, so if he hasn't paid, he's almost certainly going to get caught now.

http://www.bloodyelbow.com/2013/3/18...aid-taxes-jail

St.Paul Guy 03-18-2013 12:18 PM

I've seen this a thousand times. Guys who come from bad neighborhoods with nothing make it big, but have no idea how personal financing works.

Just another way our educational system is failing.

locnott 03-18-2013 12:21 PM

Maybe he wil be locked up with Wesley Snipes and can pick up some pointers..:D














jk, speaking from personal experiences the f*cking IRS will get their money without exception. I think California has a state income tax on top of federal taxes. Sucks to be in Nicks position if he really has never paid any taxes..

CupCake 03-18-2013 12:27 PM

I'm calling BS! He complains about his pay all the ******* time, if he's telling the truth he's severely f*cked himself over this time.

Either he has no financial awareness, or he's an immature, liying shit who wants a bit of attention on himself as he certainly ain't getting the attention from being a Champion!

I think it's a BS attempt to look rebellious and get the headlines back on himself again...what a sad lowlife.

Killz 03-18-2013 12:30 PM

For someone who moans about how bad he has it, Nick Diaz sure does make a lot of money.

Spite 03-18-2013 12:43 PM

I'm not sure how well looked after Nick Diaz is out of the octagon. It maybe he has people looking after this side of things for him, but I'm pretty sure he hasn't got a clue exactly whats happening with his cash.

For as good a fighter as he is he really is vulnerable in basic life matters like this. The UFC should investigate this on his behalf and appoint financial advisers on his behalf if they believe he is being screwed or just not taking care of his money properly.

I'm not a big Nick Diaz fan, but I'd hate to see him he broke, or ripped off after putting his health on the line.

GlasgowKiss 03-18-2013 12:55 PM

There is no way in hell that he would say this, if it were true. Is there ?

Diaz is stupid, but this would be beyond stupid. Most likely a flippant comment designed to create attention.

joshua7789 03-18-2013 01:08 PM

Quote:

Originally Posted by St.Paul Guy (Post 1920418)
I've seen this a thousand times. Guys who come from bad neighborhoods with nothing make it big, but have no idea how personal financing works.

Just another way our educational system is failing.

Good call, blame our schools instead of the grown ass man who decides not to pay his taxes. He clearly knows that he is supposed to pay his taxes and he doesnt. That is obviously the schools fault, not his.

Dr Gonzo 03-18-2013 01:12 PM

He's not alone.

Quote:

In response to the Occupy Wall Street outcry over wealth and income inequality in America, conservative politicians and organizations are quick to point out that the richest Americans pay the largest share of taxes. For example, the top 20 percent of Americans earn 53.4 percent of the total U.S. income, but pay 67.2 percent of total income tax [source: Tax Policy Center]. To drive the point home, conservatives express shock at the fact that more than half of all Americans pay no Federal income tax at all. Occupy Wall Street may be the "99 percent," but let's give some credit to the "53 percent" who keep the country in business, right? But is this statistic true?

In 2009, according to a memo from the Joint Committee on Taxation, a bi-partisan Congressional committee, only 49 percent of Americans owed money on their Federal income tax returns [source: PolitiFact]. So yes, it's true that more than half of all Americans paid no Federal income tax in the tax year 2009, and the number of people who did pay taxes was even lower -- 51 percent, not 53 percent. For tax year 2011, the non-partisan Tax Policy Center estimates that only 54 percent of Americans will pay Federal income tax.

As with any statement of this nature, there are some qualifiers and distinctions to be made. First of all, these numbers refer to Federal income taxes, not all income taxes and withholdings. Most workers have money withheld from each paycheck as mandatory contributions to the Social Security and Medicare trust funds. If you're self-employed, you pay 15.3 percent of your gross earnings in so-called payroll taxes. If you're employed by someone else, you pay 7.65 percent and your employer pays the same amount [source: Social Security Administration]. Many workers are also subject to state and local income taxes, property taxes and sales taxes, in addition to Federal income taxes [source: Khimm].

That said, why don't 49 percent of Americans owe any federal income tax on April 15th? There are two main reasons: income level and tax benefits. The tax system in the United States is designed to be progressive, meaning that higher incomes are asked to pay a larger percentage in taxes. If your income level is relatively low, standard deductions and exemptions can quickly lower your tax burden to zero. According to the Tax Policy Center, a non-partisan research center, a family of four earning $26,400 a year will pay no taxes because the $11,600 standard deduction plus four exemptions of $3,700 each will lower their taxable income to zero [source: Williams].

Roughly half of Americans who pay no Federal income tax do so because they simply don't earn enough money. The other half doesn't pay taxes because of special provisions in the tax code that benefit certain taxpayers, notably the elderly and working families with children. For example, the tax code excludes a portion of Social Security income and gives larger standard deductions and tax credits to the elderly. And many working families with children qualify for both the child credit and the earned income tax credit. Together, the elderly and working families with children account for 74 percent of all nontaxable households that aren't excluded by income level alone [source: Williams].

So who are the 49 percent of Americans who don't pay income taxes? The vast majority are the lowest income households, the elderly and young working families with children.
http://money.howstuffworks.com/only-...income-tax.htm

420atalon 03-18-2013 01:19 PM

Quote:

Originally Posted by St.Paul Guy (Post 1920418)
I've seen this a thousand times. Guys who come from bad neighborhoods with nothing make it big, but have no idea how personal financing works.

Just another way our educational system is failing.

You actually think Nick and others like him paid attention or even attended school etc to have any idea about this?...

It is true that they don't really teach taxes but everyone knows about income tax and if they can't be bothered to learn how to do it themselves can easily get it done 3rd party.


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