DYSPEPSIA GENERATION

We have seen the future, and it sucks.

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Yankees Pitcher To Lose Over Half of $155 Million Contract to Taxes

24th January 2014

Read it.

Tanaka will pay a combined marginal income tax rate of 56.1 percent – over half of his contract. For New York state and local taxes alone he will lose an estimated $2,811,257 a year. The combined marginal income tax rate Tanaka will pay is comprised of the federal, state and local tax rates, plus the Medicare payroll tax. The chart below shows Tanaka’s tax burdens as compared between the differing franchises.

After all, he didn’t build that.

Welcome to America, kid. Be careful not to step in the leadership.

This entry was posted on Friday, January 24th, 2014 at 08:02 and is filed under Your tax dollars at work - and play.. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

3 Responses to “Yankees Pitcher To Lose Over Half of $155 Million Contract to Taxes”

  1. lowly Says:
    January 24th, 2014 at 10:14

    Lol, 155 mil for throwing a ball around. That’s nuts.

  2. Jay Says:
    January 25th, 2014 at 21:40

    No, $155 million for getting people to spend an additional 300 million coming to ball games or buying franchise clothes. That’s business.

  3. lowly Says:
    January 27th, 2014 at 22:36

    … by throwing a ball about

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