|
|
|
|
Baseball Primer Newsblog— The Best News Links from the Baseball Newsstand
Thursday, December 06, 2012
Too bad we never saw the pitching matchup of Simpson-Bowles
B.J. Upton, the talented Major League Baseball outfielder, just signed a $75.25 million deal to play for the Atlanta Braves in the next five years. That’s a lot of money, even spread out over five years, and it comes with an unusual provision—a $3 million bonus to be paid before Dec. 31, 2012.
The date is a giveaway: If Jan. 1 arrives in the U.S. with a government plan to avoid the fiscal cliff, or if President Obama has his way and resets tax rates on the wealthy to Clinton-era levels, getting paid a day early will save Upton $120,136.
Maybe that doesn’t sound like a lot of money for someone scheduled to receive a salary of $12.45 million next season, but it’s more than twice as much as the average American earns in a year. Someone in Upton’s coterie of agents, lawyers, and accountants has an eye on the nation’s upcoming austerity trigger.
|
Support BBTF
Thanks to Randy Jones for his generous support.
Bookmarks
You must be logged in to view your Bookmarks.
Hot Topics
Newsblog: [OTP-May] Politico: Congressional baseball game, May 1, 1926 (3361 - 4:19am, May 20)Last:  BrianBriansonNewsblog: Cafardo: Dustin Pedroia the best second baseman in MLB? (102 - 3:51am, May 20)Last:  RollingWaveNewsblog: Draft Features Rarest of Prospects: Redheads (94 - 1:36am, May 20)Last: JoMo the master pitch framerNewsblog: OMNICHATTER for May 19, 2013 (97 - 1:22am, May 20)Last: you got a STEAGLES? you're gonna need a STEAGLES.Newsblog: OT: The Soccer Thread, May 2013 (889 - 12:59am, May 20)Last:  Textbook EditorNewsblog: Hochman: Dallas Green still tells it like it is (10 - 12:44am, May 20)Last: Sunday silenceNewsblog: OT: NBA Monthly Thread - May 2013 (947 - 12:28am, May 20)Last:  robinredNewsblog: Holmes: Where does Miguel Cabrera rank among Tiger greats? (37 - 10:33pm, May 19)Last: Cooper NielsonNewsblog: Murray Chass: ARE RED SOX REELING ALREADY? (13 - 10:20pm, May 19)Last: Dale SamsNewsblog: MLB hoping for large replay expansion in 2014 (51 - 10:06pm, May 19)Last: David Nieporent (now, with children)Newsblog: Hal Steinbrenner calls tickets 'affordable' (21 - 9:26pm, May 19)Last: bunyonHall of Merit: Most Meritorious Player: 1982 Discussion (48 - 9:05pm, May 19)Last: Mr. CNewsblog: Chicago Softball (43 - 9:05pm, May 19)Last: Meatwad denied pope, reveals he faked it at massNewsblog: SoE (Megdal): It's Time to Finally Believe in the Orioles (26 - 8:38pm, May 19)Last: Mayor BlombergNewsblog: BtBS: Kevin Gregg Re-emerges in Chicago (4 - 7:48pm, May 19)Last: Transmission
|
|
Reader Comments and Retorts
Go to end of page
Statements posted here are those of our readers and do not represent the BaseballThinkFactory. Names are provided by the poster and are not verified. We ask that posters follow our submission policy. Please report any inappropriate comments.
1. dr. scott Posted: December 07, 2012 at 03:18 PM (#4319557)Also, even players at the league minimum, if they have enough deductions, may not see thier taxes go up under the presidents plan
(I know this is a general liberal argument why all people should pay taxes, but in this case it seems fairly cut and dry.)
There's gotta be people out there who could gain from itemizing their deductions and don't from sheer laziness. Also, it's not hypocritical to support higher taxes on yourself and still pay only what you owe. It'd be hypocritical only if you were calling others out for taking deductions and credits you yourself were taking.
Can't tax me if I don't get paid, suckers!
No one is complaining in the article, only arranging their bonuses is such a way as to avoid a potential tax hike.
Upton's deal hardly seems like an extreme effort to avoid paying taxes. He signed a contract in November and is getting his signing bonus in December. As tax dodges go, that seems pretty insignificant.
I agree with the general idea that people should be more willing to pay their taxes (and that we should eliminate the majority of tax loopholes), but there's nothing in the article that is particularly unpleasant.
You must be Registered and Logged In to post comments.
<< Back to main