There you’ll find not only how tennis players can make money – but how much. If you’re curious about what other ways a tennis player can make money, I’d suggest you check out our other article here. There are several ways a tennis player can make money, with prize money from tournaments being just one of them. However, there are a lot more details that they need to pay attention to – and we’ll cover all of them below. After the players pay taxes to the local government where the prize money was earned, they do not have to pay income tax on it again when they return back home.Įven though taxes can be quite complicated for tennis players, the sentence above sums it up pretty well. If that same player competes in the French Open, he or she will be taxed according to French taxation laws, and so on. taxation laws – regardless of where that player is from. After a player competes in Wimbledon, for instance, he or she is taxed according to U.K. So how does income tax work on tennis players’ prize money? The amount of tax money a tennis player will pay on prize money will depend exclusively on the location the money was earned, made, or received. When you’re traveling all around, it can be hard to understand how taxation works. One week they are making money in China, the next in Chile. However, things are a little more complicated for tennis players, since their “workplace” is all over the globe. Most of us who are employed have to pay our taxes (or at least you should), and the amount we need to pay depends on which country, state, and city we live in. But even though they get paid a lot, how much do they get to actually keep? How much do they have at the end of the month to pay the bills for their yachts or mansions? If you haven’t, I highly suggest you check out our article on 6 Ways How Tennis Players Get Paid (And How Much). If you have ever heard how much money the top tennis players in the world make, you already probably wish you were a professional tennis player.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |