The former pound-for-pound champ who, along with Floyd Mayweather, is one of the sport's biggest draws, will try to make a comeback after being knocked out of his last bout against Juan Manuel Marquez last December. But he will do so in Macao so he does not have pay 39.6% on what will be millions of dollars of earnings for the fight had he fought in the United States.
Months after Pacquiao's last fight in December of 2012, President Barack Obama and Congress, to avert the so-called fiscal cliff, let the Bush tax cuts expire and raised the top income tax rate to 39.6% for individuals and families making $400,000 and $450,000, respectively.
As Breitbart Sports reported, Pacquiao indicated shortly after the top tax rate was raised that he would prefer to fight in Macao, which does not have an income tax. The top tax rate in the Philippines, his home country, is also lower than America's.