how much do the professional players make, assuming they win a big tournament, when they combine prize money and sponserships, roughly??
Not very much, at the all england if your a mens singles winner you get $10,000 and Ladies you get $8625. For the Mens Doubles Pair (per Pair) is $9000, Ladies Doubles $7625 each and Mixed is also $7625 each. Also tax may als be deducted from the prize money. (Note that these are the prize money if you win each of these events). If you get into the quarter final you'll be guaranteed at least $1000. sigh doesn't sound very much but its more likely there would be better prize money at higher star events e.g. Danish and Korean Open. hey i got this information from the all england 2001 match programme which cost me £4 roughly $6 USD.
The prize money is peanuts. It is the sponsor money that keeps clubs and players going. It would be interesting to know how much, for instance, Camilla Martin earns in total during a year. I haven't seen any such figures, not for any player actually, even though the figures aren't confidential (well, not in Europe at least).
Actually, Mag, I do think Camilla Martin's total earnings is confidential information here in Denmark. The only place I could imagine that it would be possible to obtain a figure regarding income would be from the tax-authorities, but tax records are definetely confidential. My only reservation is that if she channels some or all of the money through a limited company, then that amount will be public information. That information could be obtained from the Commerce and Companies' agency. I do not know if she does that. She can obtain pretty much the same taxation by accepting to be treated like a "personal company", and my guess is that this is the tool she uses to keep the information confidential. Mayby I am wrong, but if her income - and for instance Peter Gade's - was a matter of public record, I'm pretty sure that we would have read about it here in Denmark just like we read about how much money some local rock-stars take out each year of their limited companies. Still, I have actually seen some guesses as to how much money they make. Unfortunately, I have forgotten the figures. I'll post the information if I find it somewhere.
In Sweden, and I would have thought in the whole European Union, tax records is definitely NOT classified information. I could find out today how much the Swedish badminton players earn -- provided I know their social security numbers. (Are you SURE about the Danish legislation in this case?) Incomes and similar figures are almost never published in Swedish papers, although the information is available. That has mainly cultural reasons: here you just don't talk about what you or other people earn... The corporate form "personal firm" that you mention exists here in Sweden too. The annual total turnaround for a "personal firm" is not public information, but her personal earnings still is... Oh well, who cares anyway, one thing is for sure and it's that they aren't earning as much as they could have in another sport.
Mag, isn't it the case that if a Swedish athlete makes much beyond the average income, they move to Monaco to avoid taxes? What is the highest tax rate in Sweden? I read quite a few years ago that it was something like 80%, hence the exodus of the Swedish tennis players and more recently, the golfers. Speaking of golfers, what do Swedes think of Jesper Parnevik with his various eccentric habits liking eating volcanic dust, wearing a goofy hat with the upturned bill and his tight purple pants? American golf fans generally think he is a likeable oddball. Klaphat, how about the highest tax rate in Denmark? I read in a car magazine around 12 or 14 years ago that Denmark's luxury tax was the highest in the world, crushing anyone who wanted a car that was even a small step above very basic transportation. I remember reading that a Toyota Corolla that retailed for around US $8,000 was $30,000 after taxes and that the old, almost laughable little Pontiac Fiero sports car (copied the looks of a Triumph TR-7 or TR-8 or a Fiat X-19), which retailed for about $15,000, was over $100,000 in Denmark as a result of the taxes. Was that article accurate? Are taxes in excess of 100% of the cost of the car still the case in Denmark? Extremely high European taxes are probably viewed by Americans in much the same way that you view our lack of universal healthcare, and our illiteracy and infant mortality rates in more impoverished areas - with shocked amazement.
to get around that, i heard some people have disassemble M. Benz and BMW and import them as auto parts (lower tax) and re-assemble them after arriving safely within sweden.
Depending on where you are from, your country's badminton association can take up a certain percentage of the prize money won.
thanks for sharing everyone...i was just really curious, since i got into an argument with my cousin on what makes a sport a sport......and the money thing came up
Mag, Yes, I am sure that personal tax records are confidential here in Denmark. It was actually subject for some controversy a while ago under the previous socialdemocratic government, but they did not change it even though there were some talks of a change.
Brett, The article you read was right. Not that I remember what the highest tax rate is in Denmark, but it is one of the very highest in the world. It would not surprise me if it was something like 60 %. And then the car issue. I think the current registration tax on cars in Denmark is 180 %. Which means that the starting price for a new VW Golf, 1.6 L is in excess of $ 25.000. I assume that you are from the US and I think that this car is available for you so that you will know what I am talking about. You may not be able to buy it with such a small engine though. Nevermind. (And to the price of the car comes the price of gas which is also at least twice as high here in Denmark as in the US.)
The overall "tax pressure" is indeed high in Sweden, but it's "only" #8 in Europe though. Denmark is actually #1... Anyway, you won't get me complaining about high taxes. It's something that is usually met with shock and even ridicule by Americans. I'm not going to argue about it (especially not here). A member of my family had a bad accident about a year ago. Under a privately financed hospital system, it is certain that we would not have been able to provide him with the same degree of specialist care, and thus his situation today would have been worse than it is now. So, personally, I know what I am investing in. And no -- I do NOT want the power to choose how I invest that money, not in detail. It is my firm belief that limiting the freedom of choice is relevant in ceratin cases. For instance, we are not letting parents decide whether their children should be put in school or not. Neither should one be allowed to speculate with one's own health.
Mag, you won't find me arguing against universal healthcare. The fact that it isn't implemented perfectly in every country that has it isn't a good argument against trying it with a better thought-out system.
The Argument Clinic I thought an argument was a connected series of statements intended to establish a definite proposition: <a href="http://www.infidels.org/news/atheism/sn-python.html">The Argument Clinic</a>
