Triller put up $6,018,000 (the IBF mandates 65-35 split in Lopez favor)
Lopez gets $3,911,700
20% to Top Rank - $782,340
12% or 100K cap whichever is larger To ABC - $400,000
20% to Manager/Trainer etc - $782,340
So after all expenses are paid off he has a taxable income of $1,947,020 (which should be taxed at 37% = $720,397)
So after all expenses paid off and his personal income taxed he has $1,226,623 take home from a $3,911,700 paycheck. #BOXING
Updated:
Updated the breakdown purse bid number I had it wrong by 100K or so.
Updated to reflect the Sanctioning Fee Cap of 100K
*NOTE: these are just estimations
Lopez gets $3,911,700
20% to Top Rank - $782,340
12% or 100K cap whichever is larger To ABC - $400,000
20% to Manager/Trainer etc - $782,340
So after all expenses are paid off he has a taxable income of $1,947,020 (which should be taxed at 37% = $720,397)
So after all expenses paid off and his personal income taxed he has $1,226,623 take home from a $3,911,700 paycheck. #BOXING
Updated:
Updated the breakdown purse bid number I had it wrong by 100K or so.
Updated to reflect the Sanctioning Fee Cap of 100K
*NOTE: these are just estimations
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