THE LATEST PACQUIAO AND MAYWEATHER PURSE IS $200 MILLION OF WHICH MAYWEATHER WOULD GET 60% WIN OR LOSE AND PAQQUIAO TO GET 40%–AND UNCLE SAM US GOVERNMENT TO GET 39.6% CUT FROM THE LARGEST BOXING SPORTS PURSE IN HISTORY–WITH $48 MILLION OF TAX PAID BY MAYWEATHER AND $32 MILLION PAID BY PACMAN AFTER THE MAY 1ST SATURDAY RUMBLE IN THE CONCRETE JUNGLE OF LAS VEGAS

The historic Mayweather-Pacquiao fight isn't until Saturday night, but we already know that Uncle Sam is guaranteed to win big.

The fight's total purse is estimated to top $200 million. Mayweather gets 60% of that and Pacquiao gets the rest, no matter who wins, according to the contract.

These two payouts will be the largest paydays ever for a professional athlete.

And they're subject to taxes.

The good news for Mayweather and Pacquiao is that there's no income tax in the state of Nevada. The bad news is that the federal income tax rate will be 39.6% on their prize winnings.

Mayweather will likely win $120 million and Pacquiao will get $80 million for the fight, putting them squarely in the highest income tax bracket.

(The purse could be more or less depending on just how many people pay $99 to watch the fight at home on pay-per-view.)

If the purse does come in as expected, Mayweather would owe about $48 million in taxes, while Pacquiao will have to fork over $32 million.

http://money.cnn.com/2015/05/01/news/mayweather-pacquiao-taxes/index.html?iid=EL