How Barack Obama Will Hit Alex Ovechkin
by J.P. on Nov 13, 2008 4:09 PM EST
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Starting next season (for the sake of convenience), Alex Ovechkin will pay $405,000 more per year in income taxes under President-elect Obama's proposed tax plan than he would have under the current tax code, and $450k more in the out-years of his contract (assuming that the proposed tax plan is enacted and still in effect). Over the 12 years remaining on his current contract, that's an additional $5 million-plus headed into Uncle Sam's coffers instead of AO's bank account.We, as Americans, say thank you, Alex.
H/t to Forbes.com
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How will he ever survive on just more money each year than most families will see in generations?
by Anonymous on Nov 13, 2008 6:56 PM EST reply actions
by this space for rent on Nov 13, 2008 9:06 PM EST reply actions
Give me a break.
by Anonymous on Nov 14, 2008 10:33 AM EST reply actions
by JP on Nov 14, 2008 10:36 AM EST reply actions
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