This is wrong, this guy has no clue how taxes work in Australia, my father was a chartered accountant and a lawyer and he taught me absolutely everything there is to know about taxes in Australia. This is a breakdown of our tax codes: Foreign resident tax rates 2020 to 2025 Taxable income Tax on this income 0 - $120,000 32.5c for each $1 $120,001 - $180,000 $39,000 plus 37c for each $1 over $120,000 $180,001 and over $61,200 plus 45c for each $1 over $180,000 Australia citizens tax rates 2024 to 2025: $0 - $18,200 0% Nil $18,201 - $45,000 16% 16c for each $1 over $18,200 $45,001 - $135,000 30% $4,288 plus 30c for each $1 over $45,000 $135,001 - $190,000 37% $31,288 plus 37c for each $1 over $135,000 $190,001 and over 45% $51,638 plus 45c for each $1 over $190,000
Theres no tax on prize money in Australia. Not in lottery, not in horse racing, not in gambling, so why would they tax a fighters prize money? Its still prize money not a wage. Yes our government robs us on our hard earned. Im taxed 45%. Dam shame.
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That ridiculous, something needs to change…
Holy shit that is daylight robbery right there!
Mate your a legend for saying this
Cheers 🙏🏻
Fighters fight for everything
I was thinking about FIFO welding in Australia but if imma be taxed 50%, might just stay in Europe
This is wrong, this guy has no clue how taxes work in Australia, my father was a chartered accountant and a lawyer and he taught me absolutely everything there is to know about taxes in Australia. This is a breakdown of our tax codes:
Foreign resident tax rates 2020 to 2025
Taxable income Tax on this income
0 - $120,000 32.5c for each $1
$120,001 - $180,000 $39,000 plus 37c for each $1 over $120,000
$180,001 and over $61,200 plus 45c for each $1 over $180,000
Australia citizens tax rates 2024 to 2025:
$0 - $18,200 0% Nil
$18,201 - $45,000 16% 16c for each $1 over $18,200
$45,001 - $135,000 30% $4,288 plus 30c for each $1 over $45,000
$135,001 - $190,000 37% $31,288 plus 37c for each $1 over $135,000
$190,001 and over 45% $51,638 plus 45c for each $1 over $190,000
I’m not sure why the fighters get taxed 50% But I live and work in Australia I only get taxed 20%
Only the top threshold is 47%, I think 200k aud and over
Our Australian government loves to waste money so it needs high taxes
You lose 50% to tax but u also have to pay your team pay your gym pay for medical in certain cases. Being a fighter is already expensive
Illia doesn't fight for money he is a multi millionaire and it's very easy he fights volk in Australia for legacy 💯
Austraeleieaia
Ayeeeeee?
Theres no tax on prize money in Australia. Not in lottery, not in horse racing, not in gambling, so why would they tax a fighters prize money? Its still prize money not a wage. Yes our government robs us on our hard earned. Im taxed 45%. Dam shame.
Or is it because it's foreign prize money?
I believe because it's foreign prize money but can't confirm
Ilia ain’t even American bro
@@connor4007 you think? 🤔 nah jokes he is referring to JDM fighting Usman which was rumoured to be on the card…cheers big fella
It’s the same thing in Spain, in fact average earners end up paying 50% in taxes