Anthony Joshua hit financially after controversial Jake Paul ‘money grab’ showdown

Joshua might be back in the ring sooner than expected, with a possible return lined up for February.

Even so, he is set to earn another large sum, with various sources reporting that his December 19 purse ranged from around £93 million to £134 million.

But that headline figure is not what he will actually take home. A number of substantial deductions will cut into that amount before it ever reaches his account.

Because the fight took place in the United States, the British boxer – who had previously called the bout a “money grab” – will be subjected to the highest federal income tax rate of 37 percent.

And although Florida does not impose state income tax, any earnings will still be taxed by His Majesty’s Revenue and Customs when they make their way back to the UK.

AceOdds has claimed that once an additional National Insurance contribution is factored in, ‘AJ’ will ultimately retain only 53 percent of his purse.

Jake Paul’s financial situation gives him the last laugh

Paul was in a no-lose position heading into Friday night, as long as any injuries he picked up were not so serious.

A loss would still have gained him respect for stepping up against a bigger opponent, while any kind of success would have been seen as overachieving.

Paul has also come out ahead financially, as his purse is not subject to the same deductions that hit Joshua’s earnings.

Even after accounting for federal taxes in the US, he will walk away with more of his purse intact compared to what Joshua will take home.