Sports World Braces for Soaring Tax Rates | Fox Business

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

GOLF WINNINGS: $20,508,163 ENDORSEMENTS: $70,000,000 ESTIMATED INCOME: $90,508,163 If all the Bush tax cuts expire, Tiger's tax burden will be $4.16 million higher in 2011 than if the tax cuts are extended. Tiger’s tax bill will be $4.14 million higher under the Democrats’ plan than the GOP’s. Net Tax in Millions Source: Sports Illustrated, Tax Foundation

GOLF WINNINGS: $9,660,757 ENDORSEMENTS: $52,000,000 ESTIMATED INCOME: $61,660,757 If all the Bush tax cuts expire, Phil's tax burden will be $2.83 million higher in 2011 than if the tax cuts are extended. Phil’s tax bill will be $2.81 million higher under the Democrats’ plan than the GOP’s. Net Tax in Millions Source: Sports Illustrated, Tax Foundation

Dallas Cowboys Owner (NFL) TEAM VALUE: $1.8 Billion Forbes* says the Cowboys, which Jones owns, is worth $1.8B, up 9% from a year ago….so its value went up $162M. If all the Bush tax cuts expire, Jerry Jones' tax burden will be $7.45 million higher in 2011 than if the tax cuts are extended. Jerry Jones’s tax bill will be $7.44 million higher under the Democrats’ plan than the GOP’s. Net Tax in Millions Source: Forbes, Tax Foundation

Miami Heat (NBA) SALARY: $15,800,000 ENDORSEMENTS: $30,000,000 ESTIMATED INCOME: $45,800,000 If all the Bush tax cuts expire, LeBron’s tax burden will be $2.10 million higher in 2011 than if the tax cuts are extended. LeBron’s tax bill will be $2.09 million higher under the Democrats’ plan than the GOP’s. Net Tax in Millions Source: Sports Illustrated, Tax Foundation

Indianapolis Colts (NFL) SALARY: $15,800,000 ENDORSEMENTS: $15,000,000 ESTIMATED INCOME: $30,800,000 If all the Bush tax cuts expire, Peyton's tax burden will be $1.41 million higher in 2011 than if the tax cuts are extended. Peyton’s tax bill will be $1.40 million higher under the Democrats’ plan than the GOP’s. Net Tax in Millions Source: Sports Illustrated, Tax Foundation

BOXING WINNINGS: $60,250,000 ENDORSEMENTS: $250,000 ESTIMATED INCOME: $60,250,000 If all the Bush tax cuts expire, Mayweather's tax burden will be $2.77 million higher in 2011 than if the tax cuts are extended. Mayweather’s tax bill will be $2.75 million higher under the Democrats’ plan than the GOP’s. Net Tax in Millions Source: Sports Illustrated, Tax Foundation

NASCAR WINNINGS: $6,500,000 ENDORSEMENTS: $15,000,000 ESTIMATED INCOME: $21,500,000 If all the Bush tax cuts expire, Jeff Gordon's tax burden will be $983,352 higher in 2011 than if the tax cuts are extended. Jeff Gordon's tax bill will be $972,587 higher under the Democrats’ plan than the GOP’s. Net Tax in Millions Source: Sports Illustrated, Tax Foundation

Head Coach, Los Angeles Lakers (NBA) SALARY: $6,000,00 If all the Bush tax cuts expire, Phil Jackson's tax burden will be $270,352 higher in 2011 than if the tax cuts are extended. Phil Jackson's tax bill will be $259,587 higher under the Democrats’ plan than the GOP’s. Net Tax in Millions Source: Forbes, Tax Foundation

Tampa Bay Lightning (NHL) SALARY: $10,000,00 If all the Bush tax cuts expire, Vincent's tax burden will be $454,352 higher in 2011 than if the tax cuts are extended. Vincent’s tax bill will be $443, 587 higher under the Democrats’ plan than the GOP’s. Net Tax in Millions Source: Sports Illustrated, Tax Foundation