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“Nothing is certain but death and taxes,” or so the saying goes. Of course, some left-leaning locations are worse in the tax department than others… and one of the NBA’s biggest stars just learned that the hard way.
On paper, professional basketball player Stephen Curry is set to earn a solid $34 million in the next year. The problem, of course, is that Uncle Sam needs his cut, and the state of California also has its hands deep in the superstar’s pockets.
“Because he plays and lives in California, ESPN reported he will take home just about 44 percent of the salary,” explained Fox News.
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Think about that: Less than half of the professional player’s salary is actually his.
That information was revealed from an in-depth report published by ESPN, which broke down exactly where the bulk of a sports player’s money ends up before the athlete even has a chance to see it.
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Unsurprisingly, most of the cash is taken by the federal government. In the case of Curry, $11.6 million goes directly to Washington.
He also pays a dramatically high premium for living in California: $4.1 million disappears, thanks to city and state taxes.
“California is the only NBA state to tax players more than 10 percent,” explained ESPN.
To be sure, pocketing more than $15 million a year is nothing to sniff at. With that said, the fact that high-earning professionals take home less than 50 percent of their supposed earnings is eye opening.
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These numbers show just how silly the left’s claim about “the rich needing to pay their fair share” truly is. Whether they work as professional players or businessmen, the top one percent of earners pay the vast majority of America’s taxes.
If anything, they pay far more than “their fair share,” yet are continuously seen as walking ATMs by big-government leftists.
The numbers also illustrate the problem faced by millions of everyday Americans: A constantly shrinking paycheck.
If we apply the same tax and fee percentages paid by NBA stars to a more common household numbe a job that pays $50,000 per year drops to only $22,000.
Like a growing weed, big government chokes off people’s resources. Each new “fee” or “tax” is easy to justify when looked at by itself, but over time, all of these creeping taxes add up to smaller take home pay every year.
Bigger government isn’t the answer. There is a point where enough is enough — and Democrat enclaves like California passed that mark a long time ago.
Like and share on Facebook and Twitter if you think taxes are out of control… even for millionaire players!
via Conservative Tribune
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