Dexter Jackson - how much taxes did he pay for his 2 wins

[Neymar Barca]

He earned 250k in Vegas and 40k in Madrid(Spain) so how much taxes did he pay and how it works? I heard that in Vegas Uncle Sam takes almost 60% of your price money

[Henda]

Why in the fuck would you want to know this?

[Royalty]

Why in the fuck would you want to know this?

Because Chris Aceto & Dave Palumbo we're discussing this topic briefly.... and Neymar watches their RXmuscle video's and gets his ideas and topics from those two

[Simple Simon]

Vince will know.

[Grape Ape]

He earned 250k in Vegas and 40k in Madrid(Spain) so how much taxes did he pay and how it works? I heard that in Vegas Uncle Sam takes almost 60% of your price money

Go suck a bag of cat shit.

Nobody cares you fruit loop.

[gmflex]

35% in Nevada..
Plus depends on the state he lives..he might have to pay a state tax 

[calfzilla]

The highest fed tax rate in the US is about 40%. Plus if he has state tax where he lives. So it could be up to 50% combined. Uncle Sam did not get 60%, not sure which gay bath house you heard that rumor in.

[NaturalWonder83]

Vince will know.

agreed
Where is the village idiot?

[syntaxmachine]

The prize money ought to simply count as income, in which case Dexter is paying ~$88k in taxes to Uncle Sam, assuming he takes the standard deduction and exemption (which may well not be the case).

[WalterWhite]

The prize money ought to simply count as income, in which case Dexter is paying ~$88k in taxes to Uncle Sam, assuming he takes the standard deduction and exemption (which may well not be the case).

Exactly it is added to whatever his total income is and taxed accordingly less deductions. If his main residence is in Florida and he won the money in Nevada neither state has an income tax so he is just liable to the feds. The same holds true for his OUS winnings.

[Neymar Barca]

a m aksing cause I saw the Iris Kyle video on RX,she is making a comeback,Palumba asks her "Iris there was 50k in prize money + a 65k jeep,she said "I didnt do it cause you had to pay taxes on the jeep,am comeing back cause of money" so am asking,is it worth to risk your legacy 10x ms. olympia if your are winning 50k minus taxes you are getting 30k

thats like Cutler making a comeback to be top 10 and make couple thousands $$$

[calfzilla]

Sounds like Iris was making a bullshit excuse.

[Neymar Barca]

Sounds like Iris was making a bullshit excuse.

no seriously,this is why am asking about taxes,cause the Olympia money sounds great,but in the end when you pay the taxes what remains,an average 1 year salary,i mean this is great money but this means that this ifbb pros are really struggling with money

[Grape Ape]

no seriously,this is why am asking about taxes,cause the Olympia money sounds great,but in the end when you pay the taxes what remains,an average 1 year salary,i mean this is great money but this means that this ifbb pros are really struggling with money

Fuck off

[MisterGX]

Dexter Jackson is EXEMPT from paying any income tax. Local, State, Federal... EXEMPT!!!

[NickEdge779]

Dexter Jackson is EXEMPT from paying any income tax. Local, State, Federal... EXEMPT!!!

Lol what? Yea he's from Florida with no state tax, but local and federal? Ok bro.

[Set It Up]

Go suck a bag of cat shit.

Nobody cares you fruit loop.

I was wondering today who the guy is who gets shit on whenever he posts, no matter what he posts,.....now I remember its Neymar Barca 

[stuntmovie]

If he made $300,000 his federal taxes are estimated at $80,904.
This is 26.97% of his estimated  total income of $300,000.


If he made $400,000 his federal taxes are estimated at $115,612.
This is 28.9% of his total income of $400,000.

The above is computed with 0 deductions and I  could be wrong due to lack of information.

State taxes are not included.

[Big Chiro Flex]

He earned 250k in Vegas and 40k in Madrid(Spain) so how much taxes did he pay and how it works? I heard that in Vegas Uncle Sam takes almost 60% of your price money

Love to see someone drop a large dumbell on your face.

[Mike]

a m aksing cause I saw the Iris Kyle video on RX,she is making a comeback,Palumba asks her "Iris there was 50k in prize money + a 65k jeep,she said "I didnt do it cause you had to pay taxes on the jeep,am comeing back cause of money" so am asking,is it worth to risk your legacy 10x ms. olympia if your are winning 50k minus taxes you are getting 30k

thats like Cutler making a comeback to be top 10 and make couple thousands $$$

The jeep is different than a "cash" prize.

With cash, like 50k, you can set aside of portion of that for taxes ( or they take it up front...not sure)
With the Jeep, you get an item and have to pay taxes, out of your pocket, for the value of that item.  Unless you sell that jeep and pay the taxes out of the sale price...youre paying out of pocket

[syntaxmachine]

If he made $300,000 his federal taxes are estimated at $80,904.
This is 26.97% of his estimated  total income of $300,000.


If he made $400,000 his federal taxes are estimated at $115,612.
This is 28.9% of his total income of $400,000.

The above is computed with 0 deductions and I  could be wrong due to lack of information.

State taxes are not included.

Would love to swap spreadsheets with you some time -- no schmoemo.

[FitnessFrenzy]

I was wondering today who the guy is who gets shit on whenever he posts, no matter what he posts,.....now I remember its Neymar Barca 

read through some of his posts. It is unbearable. He is so gay that I can't even put it into words.

[El Diablo Blanco]

Depends how crafty his tax person is.  Since this is his living and is considered entertainment he might be able to write off his sup and gym fees.

[visualizeperfection]

Depends how crafty his tax person is.  Since this is his living and is considered entertainment he might be able to write off his sup and gym fees.

Yes, Im sure he pays for supplements and his gym membership  .


But, travel room and board whilst in LA and Vegas, likely Spain as well are all covered. Can write off gear, but schmoe sessions are likely cash transactions and easy to not claim.

[Mr Anabolic]

Depends how crafty his tax person is.  Since this is his living and is considered entertainment he might be able to write off his sup and gym fees.

All of his travel expenses and meals too.  Does he charge for signing autographs?.. he probably doesn't claim that.