With taxes taken out how much does the US Open champion and finalist receive? - TennisForum.com
 
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post #1 of 8 (permalink) Old Sep 3rd, 2004, 05:53 AM Thread Starter
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With taxes taken out how much does the US Open champion and finalist receive?

I know that the US Open champion receives US $1,000,000 in prize and the runner up receives US $500,000, but how much do they really get after taxes??
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post #2 of 8 (permalink) Old Sep 3rd, 2004, 05:54 AM
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depends where they will have to pay taxes...

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post #3 of 8 (permalink) Old Sep 3rd, 2004, 05:55 AM
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Thanks to the US Open Series, Elena Likhovtseva earns 10% extra on her 1st round showing.
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post #4 of 8 (permalink) Old Sep 3rd, 2004, 06:51 AM
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If the champ lives in Florida, New York or California, they recieve approximately $2.50 after taxes. The runner-up gets a Susan B. Anthony dollar and a left over 'Compassionate Conservative: My Way or DIE!' button from the Republican National Convention.

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post #5 of 8 (permalink) Old Sep 3rd, 2004, 07:10 AM
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Quote:
Originally Posted by Volcana
If the champ lives in Florida, New York or California, they recieve approximately $2.50 after taxes. The runner-up gets a Susan B. Anthony dollar and a left over 'Compassionate Conservative: My Way or DIE!' button from the Republican National Convention.
thanks for the laugh!!!
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post #6 of 8 (permalink) Old Sep 3rd, 2004, 07:33 AM
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they take out, i think it's an automatic 30 percent tax (either 25 or 30 percent) from all foreigner's prize money at the USO. So Henin got 700,000 last year.
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post #7 of 8 (permalink) Old Sep 3rd, 2004, 05:37 PM Thread Starter
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that's it..only 30%
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post #8 of 8 (permalink) Old Sep 3rd, 2004, 05:58 PM
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Quote:
Originally Posted by Rafe306
I know that the US Open champion receives US $1,000,000 in prize and the runner up receives US $500,000, but how much do they really get after taxes??
Gee, I'm not sure. Let's phone Peter Graf and ask him- he'll have a pretty accurate record!

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