Anyone who's ever worked a salaried job knows that bonuses are taxed like crazy.
Not even a little bit surprising
SHERDOG HAS NO CLUE ABOUT TAXES
I guess he credits his team for helping him do that performance. I dont think this is a normal thing though, Charles is such a nice guy. I hope his team is happy and I hope they are doing their partWhy is his team taking 30% of his earnings?
Let me tell you a story: I have a cousin that lives in Brazil. He asked me to buy him a laptop and send him via mail.
I asked him if it was not dangerous (as many parcels end up "missing" in Brazil).
He told me that even if it does not arrive and try a second time, he would have saved a lot of money.
Only on the third time he would break even, and then ask me to wait until I knew someone who was going to Brazil to take it with them...
That should give you an idea of how much more expensive the cost of life are in Brazil (for Brazilians).
I think that's because they specifically tax tech items heavily for some reason. I know its the same with video games, I know some Brazilians and if they want a console they wait til they or someone they know is going to the US and then get it that way.Let me tell you a story: I have a cousin that lives in Brazil. He asked me to buy him a laptop and send him via mail.
I asked him if it was not dangerous (as many parcels end up "missing" in Brazil).
He told me that even if it does not arrive and try a second time, he would have saved a lot of money.
Only on the third time he would break even, and then ask me to wait until I knew someone who was going to Brazil to take it with them...
That should give you an idea of how much more expensive the cost of life are in Brazil (for Brazilians).
As a CPA, if he is walking away with $15k from a $50K bonus, someone is stealing from him.
Because he treats his team right, and a lot of the teams have bonus money sharing built into their contracts.Why is his team getting bonus money?
That's how it is when you still live with your parent(s)
SHERDOG HAS NO CLUE ABOUT TAXES
I think that's because they specifically tax tech items heavily for some reason. I know its the same with video games, I know some Brazilians and if they want a console they wait til they or someone they know is going to the US and then get it that way.
I want him to be champ for a while. There are a few other guys I'd like to see grab the belt who are in contention but man I also really want to see Oliveira defend the belt a few times.Well, im a brazilian and i watched the whole interview in the poadcast where he said that. he is not wrong, unfortunatelly, is not just about the tech stuff. and he wasnt complaining, either. he said that about the bonueses. 15% for the state where he fought. 30% for the team. the tranfers taxes would be about 6%. the income tax, paid by the beggining of the next year charges you A LOT. i have no idea how much it will be for him, but i would guess about 20% at this much.
he is not wrong, at the end of the day, he ends with about 10 or 15k from the bonueses. and he lives in guaruja, not such an expensive city, but as long as i undestood, he is the responsible for like 5 or 6 people of his family. even with the dollar being times 5.30 nowadays, so makes totally sense, he has a good life, but he is not really rich.
As a CPA, if he is walking away with $15k from a $50K bonus, someone is stealing from him.
The taxes are fucking brutal. My understanding is the same applies when you are a US based fighter performing in a foreign country. You pay their taxes plus US.Damn so that's why RDA, Wandy and AS moved to the states
This. Brazil's taxes are wild but his team is taking a huge amount. A lot of coaches do flat fees not percentages.
Because he treats his team right, and a lot of the teams have bonus money sharing built into their contracts.
Why is his team getting bonus money?
Food yes. Rest, not really.That is for american goods, luxury products and alot of electronics too. They are overpriced there because Brazil wants to push companies to build stuff domestically for them.
But majority of stuff like housing, food, clothes is wayyyy cheaper
yes, but it is not only electronics.I think that's because they specifically tax tech items heavily for some reason. I know its the same with video games, I know some Brazilians and if they want a console they wait til they or someone they know is going to the US and then get it that way.