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What MMA fighters need to know about their taxes

Mike Perry’s celebration was short lived. Perry, gasping for breath after his win over Mickey Gall, sporting an open cut above his left eyebrow, told UFC commentator Jon Anik of his post-fight woes.

“I gotta pay some bills, pay some debts. I gotta go talk to the tax folk and see if we can run that number down because I believe I paid out over a $100,000 last year between a couple of different countries,” said Perry. “And then they try and hit me again at the end of the year.”

Perry is not the only fighter whose had problems with the taxman.