Coco Gauff, who is among the best paid tennis players, won more than 2.9 million dollars after winning the France against Aryna Sabalenka, although their money in prizes will be reduced almost halfway after paying the required taxes, fiscal analysts said to Forbes.
Key data
Gauff received 2.55 million euros (about 2.95 million dollars) after defeating Sabalenka on June 7, which would undergo Gauff to a 45% tax section in France, the highest in the country established for any net income exceeding 180,648 euros, he told Forbes Sean Packard, Tax Director of Ofs Wealth.
A 45% tax would reduce Gauff’s profits by around 1.32 million dollars to just over 1.6 million dollars, although it is possible that she has to pay additional taxes, including taxpayments on autonomous work or an additional Medicare tax, Packard said.
Gauff, who is attached to taxes in the United States, would also receive a tax credit to avoid paying taxes on their profits twice due to the rate paid in France, Pckard said.
How much will Carlos Alcaraz pay for taxes for his victory in Roland Garros?
Alcaraz, who traced to defeat Jannik Sinner in the France Open final on Sunday, received some 2.95 million dollars similarly. Alcaraz would pay the same tax rate of 45% in France, while Spain faces the highest tax rate of 47%, according to Packard. However, Alcaraz would also receive a tax credit for the payment of French taxes, which means that he would pay a combined income tax of at least 47%. This would reduce its profits by about 1.38 million dollars, just under 1.6 million. Spain also applies a tax on assets to the richest residents in the country, although it is unknown what additional tax rate would pay Alcaraz.
Large number
65.2 million dollars. That is the total accumulated awards for Roland Garros, an increase of 6.3 % compared to the previous year, according to the ATP Tour.
Key history
Gauff, who is located behind Sabalenka as the best classified tennis player, achieved her second victory of Grand Slam in Roland Garros. He won the United States Open in 2023, although he has conquered other titles in recent years, including the 2024 WTA finals and the Double Tournament of the France Open of 2024. Gauff, 21, was also one of the flags of the US team with LeBron James in the Paris Olympic Games. Forbes classified Gauff as the third best paid tennis player in 2024, after winning 7.1 million dollars in earnings on the court and 20 million dollars in sponsorships and other agreements. Alcaraz positioned himself as the best paid tennis player, with 10.3 million dollars in earnings on the court and 32 million out of it.
This article was originally published by Forbes Us.
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