When a fighter makes a million how much does he take home

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  • Ritz Kola
    Undisputed Champion
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    • Aug 2019
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    #41
    Originally posted by NachoMan
    We don’t pay any property tax in Louisiana other than real estate taxes, but I know what you mean. I grew up in CT and they tax annually damn near everything you buy.
    Probably how CT keeps the population down and the air fresh lol

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    • KayDub
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      • Jan 2011
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      #42
      Originally posted by Boxingking1511
      Boxer has a purse of 1 million USD. How much does he take home? Tax, trainer, manager, cornerman etc...
      I've heard trainers generally take 10%. I've also heard managers take 10%.

      So immediately you're at $800k. A smart fighter will find a way to deduct some costs, probably northward of $100k in deductions between healthcare expenses and other business expenses. They'll probably eat taxes on $600k of that $800k.

      Depending on the state that can be from $185k-$250k. Let's just say a cool $200k to make the math super easy.

      Off of a $1M payday you're probably walking away with somewhere around $600k.

      If you're an idiot you're paying taxes on the full $800k-$1M and walking away with < $500k.

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      • anonymous2.0
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        • Jan 2012
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        #43
        I heard that boxers once they reach a certain level are paying for training camps all by themselves. So they have to pay for housing, gym access, food, and sparring partners.

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        • KillaMane26
          Big Boi Beezy
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          • Apr 2014
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          #44
          Didnt GGG fire Abel over money?

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