How Much Tax Will Shitara Have to Pay on His 100 Million Yen NR Bonus? What About Pyeongchang Gold Medalist Takagi?

Huge bonuses are just flying around this week.

On Feb. 28 the Nidec corporation, parent company of Pyeongchang Winter Olympics women's speed skating double gold medalist Nana Takagi's sponsor Nidec Sankyo, announced that it would award her a bonus of 40 million yen (~$378,000 USD) for her gold medals. The JOC and Japan Skating Federation will each award Takagi and additional 10 million yen, bringing her total to 60 million yen (~$568,000 USD).

At almost the same time, on Feb. 26 Tokyo Marathon Yuta Shitara (Honda) received a 100 million yen bonus (~$946,000 USD) from the National Corporate Athletics Federation for setting a new Japanese national record of 2:06:11 at the Feb. 25 Tokyo Marathon.

The million-dollar question is how much tax will they have to pay? Bonuses from the JOC and member organizations, 5 million yen for gold, 2 million for silver, and 1 million for bronze, are tax-exempt. Bonuses from other organizations and sponsors are subject to taxation.

In Takagi's case, this means that she is liable for taxes on the 40 million yen from Nidec, while the remaining 20 million yen is tax-free. In Shitara's case, since the National Corporate Athletics Federation is not a JOC member organization, he must pay tax on the full 100 million yen.

How much will that be? According to Eiji Hitoda, a tax accountant with the Keihan General Accounting Office, Shitara's 100 million will be treated as one-time income. The actual amount due will depend upon a variety of factors, but essentially after a special deduction of 500,000 yen and multiplication of the resulting amount by 0.5, Shitara will have to pay 45% tax on the remaining amount for a total of 22,387,500 yen (~$212,000 USD) due. In addition, he must pay 497,500 yen in resident taxes, bringing his total tax liability to 27,362,500 yen (~$259,000 USD). As a result, his take-home earnings from the bonus will amount to 72,637,500 yen (~$687,000 USD).

The tax liability on Takagi's 40 million yen will be calculated the same way at a rate of 40%, meaning her taxes will total roughly 12 million yen (~$114,000 USD).

Incidentally, National Corporate Athletics Federation stated that athletes who break the Japanese national record in the marathon are only eligible to win the 100 million yen bonus once per year. With the fiscal year ending Mar. 31, Shitara would not receive another bonus if he were to break the national record again before then. However, after the start of the new fiscal year on Apr. 1 he will be eligible to win the 100 million yen bonus again if he breaks his own record in the coming year. If another athlete breaks Shitara's record they will be paid the 100 million yen bonus.

Shitara plans to take time off until April and then begin to ramp back up starting in May. We can look forward to the prospect of him shaving a bit off the record again in the future. The National Corporate Athletics Federation will reward his efforts and those of other athletes with the Project Exceed bonus system until the end of March, 2020.

Translator's note: The numbers above don't include the 4 million yen in prize money or 5 million yen NR bonus he won directly from the Tokyo Marathon or any other unpublished time bonuses, appearance fees or sponsor bonuses. More on his payday here.

source article:
https://www.zakzak.co.jp/spo/news/180302/spo1803020004-n1.html
translated by Brett Larner

Juntendo University Legendary Coach Sawaki Steps Down Amid Abuse Allegations After 4 Athletes Taken to Hospital - "This is the Way We've Always Done It"

Juntendo University is one of the true powers of the Hakone Ekiden, with 11 wins in 65 appearances and producing current 3000 mSC and 10000 m national record holders Ryuji Miura and Kazuya Shiojiri . But an investigation by the Weekly Shincho gossip rag has uncovered students' accusations of abuse and power harassment against a famed honorary head coach. The university administration has acknowledged that student athletes were put in danger and indicated that the coach in question would step away from any coaching duties. The accused man is Keisuke Sawaki , 80, former head coach of the Juntendo track and field team and currently serving as a specially-appointed professor and honorary head coach at the university. A Juntendo alumnus and two-time Olympian who competed in long distance track events at both the 1968 Mexico City and 1972 Munich Olympics, as head coach Sawaki led Juntendo to 9 of its 11 Hakone victories. Those successes led to him serving at one point as executive dir

Police Arrest 20-Year-Old Man Charged With Assaulting Female Runner at Popular Tokyo Running Spot

A 20-year-old man has been arrested on charges of sexually assaulting a female runner along the banks of the Tama River in Ota Ward, Tokyo. "I've been stuck at home because of the coronavirus, so I wanted to go for a walk and move my body a bit," the man told police. Local resident Hirai Muroyama , 20, of no known occupation, was arrested on charges of sexual assault. He is accused of acts including grabbing the breasts of a woman in her 20s at around 10 p.m. on May 31 along the banks of the Tama River. According to police, the woman was taking a break in her run when Muroyama approached her silently from behind and grabbed her breasts before running away. Under police interrogation Muroyama told investigators, "I've been stuck at home because of the coronavirus, so I wanted to go out for a walk and move my body. I'd had a few drinks and was feeling pretty hype. She was totally my type." source article: https://news.tbs.co.jp/newseye/tbs_newsey

National University Track and Field Championships Entry Lists and Streaming

The 93rd National University Track and Field Championships start today at Kanagawa's Todoroki Stadium and run through Sunday. The meet schedule and live results can be had here . Streaming of most events will be linked here once competition starts each day. Top entrants in each event: Women 100 m Wakana Okane (Konan Univ.) - 11.55 Yume Okuno (Konan Univ.) - 11.55 Yu Ishikawa (Aoyama Gakuin Univ.) - 11.55 Miu Kurashige (Konan Univ.) - 11.63 Yuiko Yamazaki (Nihon Joshi Taiiku Univ.) - 11.63 Misato Sato (Chuo Univ.) - 11.64 200 m Aiha Yamagata (Fukuoka Univ.) - 23.53 Ami Takahashi (Tsukuba Univ.) - 23.67 Arie Flores (Nittai Univ.) - 23.73 Yuzuki Kojima (Ritsumeikan Univ.) - 23.82 Miu Kurashige (Konan Univ.) - 23.96 Hazuki Yoshinaga (Chuo Univ.) - 23.96 400 m Arie Flores (Nittai Univ.) - 53.28 Marin Adachi (Sonoda Gakuen Joshi Univ.) - 53.52 Yuzuki Kojima (Ritsumeikan Univ.) - 53.99 Yuzuki Nakao (Sonoda Gakuen Joshi Univ.) - 54.12 Ririka Miyachi (Surugadai Univ.) - 54.13 800 m Ai Wat

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