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How Barack Obama Will Hit Alex Ovechkin

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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.

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