How Did Jose Louis Affect The War

Louis extended his generosity to helping the victims of the Pearl Harbor bombing victims by donating a total of $65,200 that he earned from a fight. Within a period of fewer than three months after the donation, he donated $45,882 that he had also earned from a fight to the Army Relief Fund. When the war was over, Louis was determined to retire from professional boxing having to save enough money in the bank and with his dignity still high. However, he lost both. The reason behind this was that Louis overlooked the enlarged role of the government. Further, he ignored the large sums of money in the form of taxes that he owed the government to assist in keeping it growing. During the tenure of President Roosevelt, the tax base had significantly increased to a point where unlike the mere two percent a few years back, most of the Americans were bound to remit income taxes to the government. The tax system was designed in a way that required the high-income earners to
Further, he is a role model for the young people. He once admitted that his woes were major as a result of ignorance to the new tax laws. Rather than honoring the tax laws, he trusted most of his friends and consequently spent most of his income unwisely. As such, he emerged as an expert in using his physical force to defeat his opponents in boxing. On the other hand, Joe Louis Barrow emerged as a neophyte when the government applied the political power to knock him out through hefty taxes. The IRS assessed a tax bill amounting to $500,000. Interest on this tax debt accumulated annually. As a result, Louis was forced to rejoin boxing career after he had announced his retirement. His comeback earned him several purses that were never enough to settle his tax debt due to the incremental tax rates amounting to 90% of the total earnings. Consequently, in the 1950s, he owed IRS a total of $1 million in the form of taxes and the interest