Thursday, July 08, 2010
Are Taxes a Factor for LeBron?
Interesting question. In summary, options for LeBron James' next team and their income tax implications on a 5 year, $96 million contract:
New York, $12.34 million in taxes.
New Jersey, $10.32 million.
Cleveland, Ohio, $5.69 million.
Miami, Florida. $0.
I would have a lot more respect for LeBron if he used some of his allotted hour tonight to explain the tax implications of his decision to choose Miami, if that is his choice.
New York, $12.34 million in taxes.
New Jersey, $10.32 million.
Cleveland, Ohio, $5.69 million.
Miami, Florida. $0.
I would have a lot more respect for LeBron if he used some of his allotted hour tonight to explain the tax implications of his decision to choose Miami, if that is his choice.
