Thursday, March 7, 2013

Taxing Flacco

Americans for Tax Reform look at Joe Flacco's new contract - and see plenty going to the tax man.
By choosing to remain a Raven, Flacco is now set to pay a combined marginal income tax rate of 51.98 percent. This overwhelming tax rate is composed of the federal, Maryland, and Baltimore County income tax rate, as well as the Medicare tax. And that’s excluding his “jock tax” liability for away games – play the Patriots at Gillette Stadium, pay Massachusetts income tax on earnings for that game - and other taxes levied against him such as Maryland’s property tax.Can his completion percent be above 51.98 percent every game?

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