Mike Perry had certainly one of the most important years of his profession in 2024, earning monster paydays and even launching his own fight promotion.
Nonetheless, it now looks as if he is likely to be heading towards an early retirement, just after scoring arguably the most important victory of his profession. Last month, he stopped Jeremy Stephens in a BKFC bout on the Prudential Center and seemed to be heading towards a world title opportunity.
In a brand new episode of his Overdogs podcast and in posts to social media, Perry showed off an exorbitant tax bill of over $800,000. And he fears it may lead to the tip of his fighting profession in addition to possibly worse sanctions.
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Mike Perry shows off brutal $800,000 tax bill in heartbreaking social media posts
Mike Perry first made his issues public last night on X when he shared a photograph of his tax bill, which appeared to total over $800,000. He noted that he was removed from wealthy, and that accountants had made an error when it got here to listing his assets.
“Biggest robbery in sports, my tax bill, you’d think I used to be wealthy,” Perry wrote alongside an acronym which means ‘get the f— out of here’.
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“All was planned and in place by the tax team in Miami, a ball was dropped on my assets, I trained all those years, I took the punches, I bled and the country gets the credit. You’re welcome, shaking my head.”
When someone asked for more details like how long the bill was for and the way much money Perry had saved, he replied: “One yr, slightly over a mill saved. That’s what hurt me but 37% is 629k so something is off.”
Mike Perry opens up about his fears over giant tax bill
Speaking on his podcast, Perry went into more detail about just how concerning all the things had turn into. He noted that his money managers had ‘just seen’ the earnings for his fight with Jake Paul from July of 2024, which followed a BKFC fight with Thiago Alves where he earned a guaranteed purse of $600,000.
“I’m retiring though,” he joked. “I did it, I’m done, they’re not letting me be wealthy. They were like ‘oh you thought you was wealthy, give us all the things you may have. I used to be like ‘wow’. Now was imagined to be the time I used to be imagined to have the cash.
“Anyone dropped the ball. My accountant goes ‘hey Mike, we just saw the Jake Paul money. B— what do you mean you simply saw it? It’s been there… I’m able to sell all the things, take all of it out of the bank, hide it and either go to prison for slightly bit or simply get off the grid.”