AThe Boston Globe Boston, Massachusetts Tuesday, July 11, 1972 - Page 2
Spassky's Taxable Winnings
Q — If the Russian Spassky wins the chess championship of the world when he plays against the American Fischer, how much of the prize money will he be allowed to keep? — M.A. Belmont.
A — Boris Spassky goes into the match as world champion. If he keeps the title, he will be a rich Russian. The winner's share of the prize is $100,000. If Spassky wins, he will pay an income tax of $1300 — 13 percent. If Fischer wins he is liable for an income tax of $53,000 — roughly 53 percent.
Spassky Winnings 11 Jul 1972, Tue The Boston Globe (Boston, Massachusetts) Newspapers.com
