The Ticket Chest

MLB agents look ahead to tax increase

Wednesday, November 5th, 2008 | MLB, Sports | No Comments

A few hours after Barack Obama won the election some MLB agents are already planing for the future.  Obama has proposed increasing the top federal income tax rate from 35% to 39.6% and this has agents worried for their top clients.  Any signing bonuses paid before Jan 1 would be taxed at the current rate and would not be subjected to any tax increase. Looks like agents are going to try and close as many deals as they can before Jan 1.  I’m sure we will have more stories like this before the end of the year.

Tags: Agents, MLB, tax