Jake Paul could lose a huge chunk of his eye-watering purse following his crushing defeat to Anthony Joshua.
Paul was knocked out by Joshua in the sixth round of their professional heavyweight fight last Friday.
He got on his bike and showed off his lateral movement in the big ring inside Miami's Kaseya Center before succumbing to the former world heavyweight champion in devastating fashion.
Joshua cracked Paul with a vicious right-hand that left him on the canvas with a shattered jaw.
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He has since undergone surgery on his jaw and stunned the boxing world with his first social media post since leaving the hospital.
Paul not only walked away from the Joshua fight with a broken jaw but also a mammoth purse, with reports claiming they shared a whopping $184 million prize pot.
But both fighters were hit with tax bills as Joshua's reduction is roughly $43.8 million, with the Brit paying US income tax at the highest rate since the bout took place across the pond.
He would also be liable for the gap between his overall UK tax obligation and the amount already withheld in the United States, a shortfall estimated at around $7.5 million payable to HM Revenue & Customs.
Not to mention an additional $1.9 million owed in National Insurance contributions, which totals his tax liability to approximately $43.8 million.
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Paul, meanwhile, only has to deal with US federal laws given he is a US citizen, with no UK obligations and no state tax in Florida.
But the 28-year-old will pay the top federal tax rate of 37 per cent, meaning his tax bills comes out to $34 million.
Paul and Joshua are still left with huge purses for their Netflix showdown.
'The Problem Child' plans to return to the cruiserweight division after his foray at heavyweight.
As for 'AJ', he could be back in the ring next February ahead of facing old rival Tyson Fury in an all-British battle.
Topics: Jake Paul, Anthony Joshua, Boxing
Nasir Jabbar