http://www.speedtv.com/articles/auto/formulaone/42313/ , wow, a $55m tax bill if he had stayed in the uk has his home, heck i would move too

Wow, did'nt see that comming.....:embarrasm

$55 million tax bill?, That is criminal!
http://www.speedtv.com/articles/auto/formulaone/42313/ , wow, a $55m tax bill if he had stayed in the uk has his home, heck i would move too

$55 million to say he gets free healthcare and that's about it :rofl

That is an impressive number, buy Alonso's was what, 120 million for two years!

That is an impressive number, buy Alonso's was what, 120 million for two years!
wtf are you talking about??:confused when?who?where??

That is an impressive number, buy Alonso's was what, 120 million for two years!

Alonso will get $51.3 mill per season at Renault(he signed for 2yrs with a "get out" clause after 1yr, and #1 status in writing:)).........I expect him to get more if he does well this year and makes a move to Ferrari, but they seem to be happy with Kimi and Massa at the moment.......guess we'll have to wait and see how this season unfolds!!!only 64 days left for the Aussie GP!!!:redspot

That $55m bill would be rather hard to swallow!

64 DAYS!!!

Damn, Alonso is getting over 50 million a year!?!?! Does that make him the highest paid athlete (in a single year)??

Damn, Alonso is getting over 50 million a year!?!?! Does that make him the highest paid athlete (in a single year)??

could be, I've seen reports ranging from $51mill to $62mill per year......dunno, I'm sure we'll find out the exact details as the season goes on.....

Wonder if there would be any bit of a tax return on that????

wow, a $55m tax bill if he had stayed in the uk has his home, heck i would move too

Same reason Schufacher lives there too. Most others live in Monaco for the same reason.

And you can understand why he moved to Switzerland. Lewis would have been hit with a $55m income tax bill from the UK government, had he stayed in his home country.

I'd pay that bill with gusto if I had the chance.

Well, I say, "Good on him!" I like Hamilton alot. I liked him as he came up, and I liked him when he got his deal. I even liked how he reacted to throwing away his shot at being the first rookie F1 Champ. He deserves it in my book, I think he has the potential to make some serious history.

Yeah, he's just such a model F1 driver, so perfectly correct when he's got the media spotlight. He deserves it in his book too (yeah, he already has one) and If I'm not mistaken, he just lost his chance to make the biggest history he could, but we'll wait and see how the years to come will define him.
I don't think he (or anyone else on the grid today) will make history or re-define the sport the way a certain other (retired) driver has done over the past 10 years or so.

No doubt Hamilton is good, but something about him I just don't like. Although him on Top Gear was pretty damn funny I must say!! (a good funny)

I wonder how much of that 138 million he will have to pay in taxes now?

No doubt Hamilton is good, but something about him I just don't like. Although him on Top Gear was pretty damn funny I must say!! (a good funny)

I wonder how much of that 138 million he will have to pay in taxes now?

I think nothing or very little, because the Swiss don't consider driving racecars a real profession:)

I think nothing or very little, because the Swiss don't consider driving racecars a real profession:)

Monegasques pay no income tax. That's why everyone maintains a residence there.


Wiki:

Tax haven

The State has no income tax for individuals. The lack of personal income tax has led to a considerable number of wealthy "tax refugee" residents from European countries, who earn the majority of their income from activity outside Monaco; celebrities such as Formula One drivers attract most of the attention, but the majority of them are business people.

Nice, I learn something new everyday:)

No doubt Hamilton is good, but something about him I just don't like. Although him on Top Gear was pretty damn funny I must say!! (a good funny)

I wonder how much of that 138 million he will have to pay in taxes now?

less than 15%

Is that first segment stating that he only made 700k this past year!?!!?

how is he supposed to live on that?

"paltry 700k rookie salary"

Is that first segment stating that he only made 700k this past year!?!!?

how is he supposed to live on that?

He lived in his parents' basement.

He took the city bus to the tracks and had to fly commercial coach.

He took the city bus to the tracks and had to fly commercial coach.

I'd hitchhike to every race to drive an F1 car:help