That didn't take long

November 06, 2008|By PETER SCHMUCK

The Associated Press sent out a story yesterday outlining how baseball players' agents might push for bigger signing bonuses on contracts signed before Jan. 1 to avoid paying the higher income tax rates proposed by President-elect Barack Obama. Obama promised during his campaign to raise the top marginal tax rate by about 4 percent, which would cost your average $10 million player $400,000 per year if the increase is enacted for next year.

( For more, go to baltimoresun.com/schmuckblog)

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