Humongous Tax Blights Joshua’s Miami Triumph Purse

Anthony Joshua’s emphatic knockout victory over social media star-turned-boxer Jake Paul in Miami has been celebrated as a statement performance, but the British heavyweight is set to part with a substantial portion of his earnings to tax authorities.

The former two-time world champion stopped Paul in the sixth round on Friday night, using his physical advantages and ring experience to overwhelm his opponent, who found it difficult to gain any momentum throughout the contest.

Beyond the spectacle inside the ring, attention has shifted to the financial implications of the bout.

Joshua’s purse from the fight was reported to be about $93 million, placing him among the highest-paid boxers in recent times.

However, a significant share of that sum will not make it into his personal accounts.

As a resident of the United Kingdom, Joshua is subject to taxation both in the United States and at home. Although Florida, where the bout took place, does not charge state income tax, U.S. federal authorities are expected to claim roughly 37 percent of his earnings — estimated at more than $34 million.

On top of that, British tax officials are set to collect over $7 million, with National Insurance contributions adding an estimated $2 million. When combined, Joshua’s total tax obligations are projected to approach $45 million.

After all deductions, the Olympic gold medallist is likely to retain around $50 million from the fight, still ranking as one of the most lucrative paydays ever recorded by a boxer.

The tax burden also underscores a contrast between Joshua and his American opponent. Paul, who resides in the United States, is not liable for U.K. taxes, allowing him to keep a larger percentage of his earnings.

Despite the significant financial deductions, Joshua’s dominant win reinforces his standing as one of the sport’s elite heavyweights and marks another defining moment in his career.