Coco Gauff's French Open victory over Aryna Sabalenka earned her over $2.9 million, but hefty tax implications will cut her winnings nearly in half. Tax analysts estimate she'll pay around $1.32 million in French and US taxes, leaving her with approximately $1.6 million after taxes
Coco Gauff and Carlos Alcaraz's French Open wins resulted in combined prize money exceeding $5.9 million, but hefty tax bills will reduce their earnings. Gauff and Alcaraz will each pay over $1.3 million in French and respective national taxes, leaving them with approximately $1.6 million each after taxes. This highlights the significant tax burden faced by high-earning tennis professionals
Coco Gauff's $2.95 million French Open win faces a hefty tax bill. France's top tax bracket of 45% applies to income exceeding €180,648, potentially reducing her winnings by over $1.3 million. This high tax rate, coupled with potential additional levies, highlights the significant tax burden faced by high-earning athletes
Coco Gauff's $2.9 million French Open winnings will be significantly reduced by French taxes. A 45% tax rate will leave her with approximately $1.6 million after accounting for France's highest income tax bracket. Further taxes, including potential self-employment and Medicare surtaxes, could lower her net earnings even more
Coco Gauff's French Open winnings will be significantly reduced by French taxes (45% bracket), but a US tax credit will prevent double taxation on her $2.9 million prize money
Carlos Alcaraz's French Open win earned him approximately $2.95 million, but hefty taxes will significantly reduce his take-home pay. Facing a 45% French tax rate and Spain's top 47% income tax rate, plus a potential wealth tax, Alcaraz will likely pay over $1.38 million in taxes, leaving him with roughly $1.6 million. While a tax credit for French levies will offset some costs, his total tax burden remains substantial
French Open Prize Money Soars to $65.2 Million: A 6.3% Increase
Coco Gauff's French Open Victory: $2.9 Million Win, High Taxes, and Top Rankings. The 21-year-old tennis star secured her second Grand Slam title, adding to her 2023 US Open win and 2024 WTA Finals victory. Gauff, a Team USA Olympic flag-bearer, also earned a $20 million endorsement deal, making her the third-highest-paid tennis player in 2024 (Forbes). Despite her impressive $7.1 million in on-court earnings, significant French and US taxes will impact her net winnings
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