Anthony Joshua, the former heavyweight boxing champion, is reportedly on the verge of making a retirement decision following a year marked by personal loss and a significant financial setback. Last year, he only fought once, defeating YouTuber Jake Paul in a high-profile match that earned him £68.5 million; however, nearly half of this amount was lost to taxes. The losses were compounded by the tragic deaths of two of his close friends, which may have influenced his decision-making regarding continuing his boxing career.

The tax implications for Joshua were substantial, with approximately £25.6 million owed to the Internal Revenue Service in the United States and over £5.5 million to the UK tax authorities. Despite the fight taking place in Florida, which does not impose a state income tax, he was still subjected to federal income tax, reflecting the highest rates due to the fight's earnings. As a result, his net income for this bout was significantly reduced, contributing to his overall financial loss for the year.

As Joshua weighs his options for retirement, this financial burden may impact his decision. Having built a lucrative career with various endorsement deals and several fights, the loss of such a substantial amount raises questions about his future in the sport. Whether he will continue fighting or step back from the ring remains uncertain, but the combination of personal and financial challenges signifies a pivotal moment in his boxing journey.