Today, according to the AP, Yankees hit with $26 million luxury tax, raising total to nearly $98 million. Boston is the only other team with $497,549.
Why, because of the high payroll. But isn't baseball a business? They pay extra for the payroll to win, but is that a "luxury" ?
Goldman Sachs awarded their CEO a $53.4 Million Christmas bonus, do they pay a luxury tax for that now?
I don't know, it just seems ridiculous they have to pay taxes on paying people salaries. Usually people get tax breaks.
2006-12-24
06:03:51
·
8 answers
·
asked by
Joey Joe, yo
5