Sports World Braces for Soaring Tax Rates
New York Yankees (MLB) SALARY: $33,000,000 ENDORSEMENTS: $4,000,000 ESTIMATED INCOME: $37,000,000 If all the Bush tax cuts expire, A-Rod’s tax burden will be $1.69 million higher in 2011 than if the tax cuts are extended. A-Rod’s tax bill will be $1.69 million higher under the Democrats’ plan than the GOP’s. Net Tax in Millions Source: Sports Illustrated, Tax Foundation