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.

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