Is this true about Anthony Joshua taxes?

[Free Market Capitalist]

When a hard working dad or mom has to pay close to 50% in taxes, you think that Anthony Joshua pays too much when he is making £69,000 per second? I am not sad for him. Do you think that the purse of $91 million is absurd or do you think that the taxes due for that amount are absurd? Poor Anthony Joshua only made $15.2 million gross per round and you feel bad for him because of his tax burden. Something is going very wrong in this world.

Then the problem isn't mom and dad or the comparison, the problem is the fucking tax system that charges mom and dad 50% in taxes. No wonder that nowadays, with the internet, anyone who can easily relocate their business is moving somewhere else. 50% or more is usury, for states that know nothing else but to spend more and more and charge taxes on top of inflation, which is the hidden tax.

[Sticky Bomb]

If it is true, the tax is too much is my opinion.

What's more concerning to me is the fact that he went home with less income in his pocket compared to the guy he defeated, AJ lost $45 million to taxes both this the US government and UK government while Jake Paul only lost about $32 million. This is possible since he pays US and UK government while Jake Paul only has to pay the US government his 37%.

They had the advantage that Florida had no state income tax, else AJ would be going home with less than the $48 million. These boxers know the tax implication before even setting their feet on the ring, so it's not totally surprising to them, at least each of them went home with a handsome pay.

[Sammye3]

The fight between Jake Paul and Anthony Joshua was held in Florida to be precise and Florida as a state has no state income tax but the US government does, making it mandatory to pay taxes because it was held on US soil.

Now back to his resident, he would still have to pay taxes as a UK resident, that's really painful. And why the enormous amount to be paid as tax? Joshua is paying a little close to 50% income tax from his earnings and that's not totally fair considering the average income tax.

Boxing is a game that has an after health effect on the long run, some suffer from brain damage or organ failure after continuous hits. That should also be put into consideration as well by creating room for health insurance policy and reducing the rate of taxation for such sports.

[ultrloa]

Is it true that Anthony Joshua made $91 million from his fight with Jake Paul but he has to pay $43 million in taxes?

Anthony Joshua made $91M from his fight with Jake Paul but he’s going home with $48M after taxes from both UK and US I’m mad on his behalf

I asked because I search for news for it but I did not see any yet but I believe this can be possible in such countries that are highly taxing their citizens.

If it is true, the tax is too much is my opinion.

Sad to see those figures taken out from his earnings, but that situation is true and although its unfair on the side of Joshua since he risk his health to earn that money but this is what UK and US been implemented.

Many argue towards this situation but they cannot do anything since government always have final say towards what they want to happen.

But there's nothing to do with this situation and AJ need to deal with those unfair taxation he got from government.

[Fortify]

Is it true that Anthony Joshua made $91 million from his fight with Jake Paul but he has to pay $43 million in taxes?

Anthony Joshua made $91M from his fight with Jake Paul but he’s going home with $48M after taxes from both UK and US I’m mad on his behalf

I asked because I search for news for it but I did not see any yet but I believe this can be possible in such countries that are highly taxing their citizens.

If it is true, the tax is too much is my opinion.

The only people who would have access to such financial data would be the government of the country he resides in, unless he lives somewhere like Sweden where all salaries/income is publicly available. Tax info is generally highly sensitive and a private matter for individuals, with the richest having accountants who can do some pretty extraordinary financial gymnastics to bring the bill down substantially. There are all sorts of loopholes and arrangements that can be legally used to keep as much money in the hands of people willing to pay for such accounting gurus. If an accountant can save you $10 million, but charges $1 million.. seems worth it to me

[_act_]

Then the problem isn't mom and dad or the comparison, the problem is the fucking tax system that charges mom and dad 50% in taxes. No wonder that nowadays, with the internet, anyone who can easily relocate their business is moving somewhere else. 50% or more is usury, for states that know nothing else but to spend more and more and charge taxes on top of inflation, which is the hidden tax.

I read on the news last month or the beginning of this month that many well established and well known business men are moving to countries like United Arab Emirate which is the country that has the highest migrants this year which in wealthy men category. The tax in the West is kind of too much.

Sad to see those figures taken out from his earnings, but that situation is true and although its unfair on the side of Joshua since he risk his health to earn that money but this is what UK and US been implemented.

You understand. Even if it is someone that gamble and earn as huge as this, they will also tax him this high. But if the person lose huge amount of money, the government will not even say sorry.

[Cantsay]

Agreed, that tax for Anthony Joshua is fair enough. He will be back home with 48 millions in the pocket after fighting an influencer who is bad at boxing. To think that's unfair by getting the double tax is not right. Even human who have the job who saved others life won't receive 48 millions in less than 30 minutes of fight.

Maybe I’m getting the both of you wrong, but I feel you’re trying to justify the chunk of money that was taken from him in the form of tax as “fair” just because he earns lots of it in seconds? Why does the job have to depicts how much I pay as tax? If it was easy everyone would be doing it. Getting taxed by a single country “fairly” is okay but when they get taxed by two? Nah! That’s not fair.

In my country, workers are taxed according to their income, so if that same thing is applied to AJ then it would be fair but when you neglect that and try to take advantage of the fact that he makes loads of dough, by the minutes or by every rounds he fights then that’s unjust. Lots of people are using the fact that he got millions from tha single fight as a mean to justify why they think the double taxation is fair and we all know that’s BS.

[TastyChillySauce00]

Agreed, that tax for Anthony Joshua is fair enough. He will be back home with 48 millions in the pocket after fighting an influencer who is bad at boxing. To think that's unfair by getting the double tax is not right. Even human who have the job who saved others life won't receive 48 millions in less than 30 minutes of fight.

Maybe I’m getting the both of you wrong, but I feel you’re trying to justify the chunk of money that was taken from him in the form of tax as “fair” just because he earns lots of it in seconds? Why does the job have to depicts how much I pay as tax? If it was easy everyone would be doing it. Getting taxed by a single country “fairly” is okay but when they get taxed by two? Nah! That’s not fair.

In my country, workers are taxed according to their income, so if that same thing is applied to AJ then it would be fair but when you neglect that and try to take advantage of the fact that he makes loads of dough, by the minutes or by every rounds he fights then that’s unjust. Lots of people are using the fact that he got millions from tha single fight as a mean to justify why they think the double taxation is fair and we all know that’s BS.

The bolded sentence is just enough to justify how you never ever visiting IRS website to know what brackets applied to the its tax payer.



So i bring it here for you. Joshua paid in the bracket where he should belong, which is the highest one with 37% tax. So he paid what he should did. It's all following the US regulation. This is not only applicable to him, but everyone.

[Cantsay]

So i bring it here for you. Joshua paid in the bracket where he should belong, which is the highest one with 37% tax. So he paid what he should did. It's all following the US regulation. This is not only applicable to him, but everyone.

I didn’t do the calculations, the Op mentioned “paying double tax” and like I said before I didn’t know if I understood what you wrote correctly, but it sounded as if you were in support of being double taxed (by the UK and US).

But if what he was taxed follows the image you just shared then there’s no issue and again I’m sorry if I misunderstood your post previously. By the way, 10% tax on 0$ - 11,600$ income earners is crazy, my country’s tax starts from 800,001 in my local currency and that’s more considerate (probably due to the unemployment rate though).

Sorry again, if I misunderstood you.

[aioc]

Is it true that Anthony Joshua made $91 million from his fight with Jake Paul but he has to pay $43 million in taxes?

Anthony Joshua made $91M from his fight with Jake Paul but he’s going home with $48M after taxes from both UK and US I’m mad on his behalf

I asked because I search for news for it but I did not see any yet but I believe this can be possible in such countries that are highly taxing their citizens.

If it is true, the tax is too much is my opinion.

Joshua is not bothered by the massive tax cut; he'll still get a huge payday even with that cut. With this win, he impressed many boxing aficionados. In fact, reports circulated that the match would end in Jake Paul's favor, but he opted not to follow the script and instead satisfied the fans.
Because of the broken jaw, Jake Paul could be out of boxing for good. Joshua finished the job that other boxers failed to do because Jake Paul cherry-picked those boxers.

Despite this, Joshua maintains that money wasn't his main motivation for taking on the Paul fight. "It's not even my biggest payday; it's not about money," he said.

"For me, it was more about the opportunity. I had to showcase my skills to the world."

Anthony Joshua to lose £32m prize money after knocking Jake Paul out in Miami

[dzonikg28]

When a hard working dad or mom has to pay close to 50% in taxes, you think that Anthony Joshua pays too much when he is making £69,000 per second? I am not sad for him. Do you think that the purse of $91 million is absurd or do you think that the taxes due for that amount are absurd? Poor Anthony Joshua only made $15.2 million gross per round and you feel bad for him because of his tax burden. Something is going very wrong in this world.

Then the problem isn't mom and dad or the comparison, the problem is the fucking tax system that charges mom and dad 50% in taxes. No wonder that nowadays, with the internet, anyone who can easily relocate their business is moving somewhere else. 50% or more is usury, for states that know nothing else but to spend more and more and charge taxes on top of inflation, which is the hidden tax.

I wasn't supporting the 50% tax number itself and you are indeed right. Nevertheless there is still a further societal imbalance. The thirst for show and drama is worth exponentially more than true human effort. Apart from that I think it doesn't make a lot of sense to criticize Anthony Joshua's tax burden because that is 100% priced in before the fight takes place. It's not like the tax burden hits him and he falls into a state of shock. At that level calculation is probably made in net numbers beforehand. Joshua knew a round of boxing would roughly make him $10 million net, hence he agreed. If he finished that fight in round 2, it would have been $25 million net per round. Taxation doesn't hit everyone equally and I am still not saying that it justifies insane tax burdens.

And what's more important, if Joshua wanted to, he could optimize taxation as GB is residence / domicile based taxation. Citizenship-based taxation leaves you without choice. Different for corporations, but in general Joshua "chooses" to pay the tax - you know what I mean. A US citizen, correct me if I am wrong here, has no choice. Joshua could as well move to Dubai. 

[mcdouglasx]

Well, that's always been the case with taxes in developed countries. Without going too far afield, this is one of the main reasons why many people emigrate from Spain to Andorra, in order to pay less tax. The 50% tax on what you earn seems excessive for a single individual, regardless of whether they are rich or not. That's why many of these people resort to donations and charity campaigns to alleviate this burden.

[JoyMarsha]

If it is true, the tax is too much is my opinion.

What's more concerning to me is the fact that he went home with less income in his pocket compared to the guy he defeated, AJ lost $45 million to taxes both this the US government and UK government while Jake Paul only lost about $32 million. This is possible since he pays US and UK government while Jake Paul only has to pay the US government his 37%.

They had the advantage that Florida had no state income tax, else AJ would be going home with less than the $48 million. These boxers know the tax implication before even setting their feet on the ring, so it's not totally surprising to them, at least each of them went home with a handsome pay.

If they truly know the tax will be this huge, why have the fight in US soil when they can choose another country like Saudi Arabia of Dubai for the fight to be host.

I will not be happy if at the end of my boxing fight with someone, I get to be charged with this kind of huge tax after blows and injuries sustained. I know that we will say the money to go home with, will take care of all that, but I won't like to have a pay 30%-40% tax from what I worked hard for. It's painful

[eisen33]

I looked into how profits are taxed in the United Kingdom, and everything depends on the amount. All this information can easily be found online, but roughly speaking, on income above £125 140 you will have to pay 45% in tax. The system is simple: the more you earn, the more tax you pay. I am not sure how logical this is, but the tax is indeed very high. On the other hand, the earnings from a single fight are also huge, so even after paying taxes the amount remains very significant.

[nimogsm]

It is no wonder that celebrities and top athletes that earns enomouus amounts of money evades tax because when they think about what they have to cough out from their huge earnings they will opt for cheating. Athletes ought to know that when they earn big they also have to dish out big potions of it as tax, I'm sure that Anthony Joshua, understands this part of earning big from fights. It is best for them to see half what what they will earn as the actual amount that will be their net earnings. I wouldn't worry for Anthony Joshua, he is still super rich despite all the tax deductions from from his latest fight.

I think it's no secret that top athletes earn big money for a fight or match, and taxes are also high because the sums involved are larger. Don't forget about advertising contracts, which also bring in a lot of money. I once read about an athlete, I don't remember his name, who didn't declare his income from advertising contracts correctly and took cash payments for them, and the tax authorities found out about it.

[Churchillvv]

If it is true, the tax is too much is my opinion.

It’s possible and it’s very much unpleasant to the ears but however it’s a hash reality that the countries run, I was taxed 6.67% on every 600$ that I make which is about 40$, at the end of the day what I go home with after the tax is less than 501$ because I have to comply to so many taxes with just small small amount but at the end of the day, if I made a huge amount like Joshua it will possibly sound so unpleasant just like his, this tax am talking about is based on the fact that I work a remote job from my country. It’s really fucked up with tax over there.

[Aanuoluwatofunmi]

Is it true that Anthony Joshua made $91 million from his fight with Jake Paul but he has to pay $43 million in taxes?

Anthony Joshua made $91M from his fight with Jake Paul but he’s going home with $48M after taxes from both UK and US I’m mad on his behalf

I asked because I search for news for it but I did not see any yet but I believe this can be possible in such countries that are highly taxing their citizens.

If it is true, the tax is too much is my opinion.

Am not arguing or doubting his abilities to pay up to that amount because he can afford it, but common, this is too obvious to be much beyond normal, I don't know if the government are doing this intentionally because they know of his worth or something else, because he earns much than what could be noticed if he pays up to such amount, government have to also take it easy and stop the inflation on tax rate, everyone may not be willing to comply in such manner.

[coolcoinz]

Is it true that Anthony Joshua made $91 million from his fight with Jake Paul but he has to pay $43 million in taxes?

Many sources show an even bigger number of 66m

Anthony Joshua is set to part with the sum of $66m of his record $140m fight earnings to tax authorities in the United States and United Kingdom.
The British boxer knocked Paul down and out in the sixth round of their bout at the Kaseya Center on Friday night.
Joshua and Paul reportedly shared a prize pot of around £137 million, with each fighter earning approximately £68.5 million from the Netflix-broadcast bout.

https://thewhistler.ng/joshua-to-pay-66m-tax-after-earning-140m-for-defeating-paul/

I noticed there are two flags there, UK and US. Does that mean double taxation?
I don’t think so. Assuming the reported gross income is accurate, he shouldn’t be taxed in both the US and the UK at the same time.

You're most likely wrong about that

According to the articles I've read he has to pay a US federal tax for the fight in the US and also normal income tax in the UK so he is being double taxed.
IMO this is simple theft because 99% of countries don't tax foreign citizens who visit them and these people only have to pay taxes to their home country. US is a thieving country.

[OgNasty]

The really crazy part is that with the fight being in Florida where there is no state taxes and Jake living in Puerto Rico, Jake should keep significantly more of his earnings.  Probably close to $10,000,000 more than Anthony Joshua.  That's quite a bit of a difference.

[alegotardo]

Is it true that Anthony Joshua made $91 million from his fight with Jake Paul but he has to pay $43 million in taxes?

Anthony Joshua made $91M from his fight with Jake Paul but he’s going home with $48M after taxes from both UK and US I’m mad on his behalf

I asked because I search for news for it but I did not see any yet but I believe this can be possible in such countries that are highly taxing their citizens.

If it is true, the tax is too much is my opinion.

It is impossible to know for sure... as you yourself have already verified, all of this is rumor and speculation... no official source has confirmed this, and I doubt we will be able to get any reliable news about it.

But, I think it os entirely possible, in this tax scenario, that he lost half the value to taxes, considering that the athlete is a resident of the United Kingdom and received most of the money in a fight held in the USA.

In the USA, for example, the standard rule is a 30% withholding tax on the gross amount, unless there is a specific structure/planning that allows for this to be reduced (e.g., Central Withholding Agreement/treaty).

And in the UK it is even worse... the additional Income Tax rate is up to 45% for those who receive an income above 125,140 euro, an absurdity, but honestly.... I wolud like to have to pay all that tax and be "only left with the other half"