Poor Beterbiev, he is not getting much money

This is just the way it is when you are a non westerner fighting in america, you arent in a home market, you have to work seriously hard and graft to years to make big money and that's okay.

But when guys like Jacobs and ward complain about how the man is screwing them when they get paid over there market value really ticks me off when you see how cushy they have it compared to these guys

 

That's not how taxes work. If he had to pay his former promoter, he pays him. He also pays his team. Then he's taxed on what's left. And his team is taxed on what he pays them (because that's their income).

He doesn't pay taxes on the full amount. He pays taxes on 'his actual' income. His income is what's left after everyone gets their cut.

If his former promoter got 30 percent and his team got 20 percent, then he's taxed on $150,000, not $300,000. U.S. Income tax (state and federal) on $150,000 is about $40,000. (Taxes on $300,000 are more than double that.)

(If he's Canadian, he just has to pay the state tax wherever he fights, which is like 6%, and not the federal tax, which is the much larger amount.)

I see this all the time. Boxing fans always say "His purse was this. Then he had to pay taxes. Then he had to pay his team." It's the other way around. "He pays his team. Then he pays taxes on what's left."

If someone on his team is telling him he has to pay taxes on the full amount, then someone is stealing his money. (Not the govt., someone on his team.)

 

And that's a shame too.