.
My goodness, it was because of the kind of taxes Pacquiao will have to pay Uncle Sam if Pacquiao trained in the US for his coming fight with Cotto, that made Pacquiao decide to do his training in his own beloved country, the Philippines. Imagine the scenario. If Pacquiao trained in the US for his coming fight with Cotto, Pacquiao will be subjected a US tax not only his earnings from his fight in the US but all his earnings around the world, from pay per view cable and other outlets. Wow!
Well, regarding this matter, surely Pacquiao has to comply with it since that is the law. But considering the enormous amount involved, why would Pacquiao spend all his training days in the US when he could do it here in the Philippines? His training in Baguio, the summer capital of the Philippines, would do well for Pacquiao considering the high altitude of the place that is perfect for exercising his stamina to its fullest.
It would indeed be an irony for Pacquiao to be paying for such huge sums of money to the IRS for the simple fact that he would spend his training in the US when he could very well spend it in the Philippines to help out his countrymen battered by two devastating typhoons. The many who did not understand the real reason why Pacquiao decided to train in the Philippines and not in the US would surely appreciate his decision once they know the truth.
And since the time of reckoning is near, I do hope Pacquiao can muster enough stamina and strength to overcome the power of the Puerto Rican Cotto, whom many says has been pushing himself to the limit in his training. November 14 is very near and we shall soon see who will triumph - the speed of Pacquiao or the strength of Cotto.
My goodness, it was because of the kind of taxes Pacquiao will have to pay Uncle Sam if Pacquiao trained in the US for his coming fight with Cotto, that made Pacquiao decide to do his training in his own beloved country, the Philippines. Imagine the scenario. If Pacquiao trained in the US for his coming fight with Cotto, Pacquiao will be subjected a US tax not only his earnings from his fight in the US but all his earnings around the world, from pay per view cable and other outlets. Wow!
Well, regarding this matter, surely Pacquiao has to comply with it since that is the law. But considering the enormous amount involved, why would Pacquiao spend all his training days in the US when he could do it here in the Philippines? His training in Baguio, the summer capital of the Philippines, would do well for Pacquiao considering the high altitude of the place that is perfect for exercising his stamina to its fullest.
It would indeed be an irony for Pacquiao to be paying for such huge sums of money to the IRS for the simple fact that he would spend his training in the US when he could very well spend it in the Philippines to help out his countrymen battered by two devastating typhoons. The many who did not understand the real reason why Pacquiao decided to train in the Philippines and not in the US would surely appreciate his decision once they know the truth.
And since the time of reckoning is near, I do hope Pacquiao can muster enough stamina and strength to overcome the power of the Puerto Rican Cotto, whom many says has been pushing himself to the limit in his training. November 14 is very near and we shall soon see who will triumph - the speed of Pacquiao or the strength of Cotto.
