Robinson Cano Tax
The New York Post reports:
As if a significantly larger contract wasn't incentive enough, the Seattle Mariners offered Robinson Cano something that no state in the metropolitan area could offer — no state income tax.
Cano, who agreed to a deal last week with the Mariners for $240 million over 10 years, besting the Yankees' seven-year, $175 million offer, will actually earn roughly $107 million more on his new contract instead of staying with the only team he has ever known.
Because Washington does not have a state income tax, the All-Star second baseman's deal is worth about $42 million more in after-tax pay than the Yankees' offer, according to Robert Raiola — a certified public accountant who specializes in sports and entertainment — who spoke with Bloomberg News.
Link via Frazer Rice.
by Editor | Dec 10, 2013 at 8:21 pm
Related Topics: Taxes
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