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Super Bowl Winners Pay More in Taxes Than You Make in a Year
Source:
time.com
- Feb 6, 2017
To the winner of the Super Bowl LI go all the spoils: the bragging rights, the huge ring, the bonus...and yes, the taxes.
This year, each player on the winning team—from the quarterback down to the third-string rookie—got the same $107,000 bonus. They also got a ring worth an estimated $30,000. The catch? Both are taxable based on the player’s income bracket. And most of those players are in the highest bracket, currently at 39.6% That means the big game winners could owe a whopping $54,252 each in federal taxes. According to the U.S. Census Bureau, the median American household earns about $52,000.
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Category: General Business
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