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Old 01-07-2013, 06:28 PM   #104
Join Date: Oct 2012
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Default Re: I am a boxing manager: if you have questions about the boxing biz, ask!

Originally Posted by dempsey1234 View Post
In the US, a fighter from overseas or Mexico gets clipped for 30% and is taken out of the purse before the fighter gets his. Let's say the purse is 1000, the taxman comes along and grabs 300, leaving the fighter with 700, out of which the fighter has to pay 100 to the trainer, leaving him with 600. The fighter still has to pay the taxes on that income to his home country. In the US they tax you based on income. A guy like Floyd pays taxes at a higher rate.
So do US fighters pay an additional tax rate after the 30% based on their income? Is that 30% the flat rate for all boxers?
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