'Harper will save tens of millions in taxes by signing with the Phillies instead of a California team,' LATimesSkelton writes.
By contrast, Pennsylvania has a low flat rate for every taxpayer regardless of income. It’s just 3.07%. That’s one reason why superstar slugger Bryce Harper signed an eye-popping 13-year, $330-million contract last week with the Philadelphia Phillies, spurning the Dodgers and Giants.Harper will save tens of millions in taxes by signing with the Phillies instead of a California team.
No one sheds tears over the tax burdens of multimillionaire young men who are blessed with enough athleticism to become fabulously rich playing a game. Game-changing stars have the ability to choose teams in low-tax states — even in no-tax states like Texas or Washington.“It’s a red light,” agent John Boggs says. “I’ve had players in the past say they don’t want to go to certain states because they’re going to get hammered by taxes. Obviously, that affects the bottom line.”Harper apparently also wanted to set a record for the biggest contract.
High California taxes didn’t stop former Dodger Manny Machado from signing a 10-year, $300-million contract with the San Diego Padres last month. Maybe that was the best net offer he got. And maybe he just wanted to play ball in the nation’s best climate. A non-resident is taxed at the California rate for the 81 regular season home games. For the 81 away games, he’s taxed by the host team’s state. But that puts a California player in the National League West, for example, at a significant tax disadvantage because there are three division teams in this state: the Dodgers, Giants and Padres. The Dodgers will play 20 away games this season in California and the players will feel its tax bite.There’s a softer tax hit in the American League West.
It relies too heavily on rich people’s capital gains, which tumble during downturns and drain the treasury, forcing sharp cuts in programs for the poor. At last count, the top 1% were paying 46% of the state income tax while earning 23% of the income.
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