Mariabel 🇦🇺

🚨 Did you know : Tennis Players don't even get half their prize money 💰🎾 For People interested in Tennis Finance, Here's an example, Carlos last year won the US Open and got a $5 Million pay check, but then his net pay is not even $2 Million. Here's a break up of how $5 Million dollars becomes less than $2 Million dollars. He has to pay tax to the US government : • Federal tax up to ~37% • New York state + city tax ~10–13% 👉 Total tax: ~45–50% He's also a resident of Spain and he has to pay 46% tax there but due to financial treaties, he won't be taxxed twice, He will be charged only once and wherever it's higher. So a $5M prize money can drop to nearly $2.5M or less, And that’s before agent fees & team expenses… Agents, Managers and team combined usually get ~15-20% of earning. So in the end, Carlos who got a $5 Million dollar check will get less that $2 Million in his account.