ESPN Has Received $260 Million In State Tax Breaks In 12 Years

ESPN has been in Connecticut since its inception in 1979, transforming Bristol from a doorbell-manufacturing town with a borrowed name and little else to the roosting place of the Worldwide Leader in Sports. In return, the state has been very forgiving to ESPN come tax time. » 12/27/13 10:41am 12/27/13 10:41am

Zach Lowe on how Tennessee's "jock tax" affected Chris Johnson, who signed two 10-day contracts last season with the Grizzlies: "Johnson earned about $54,000 from those two 10-day deals (eight games played) and had to start his tax prep with a fat $7,500 check to the ownership group that waived him." [Grantland] » 7/19/13 7:06pm 7/19/13 7:06pm

Tom Coburn Wants To Revoke Sports Leagues' Tax-Exempt Charity Status

Last week Republican Senator Tom Coburn of Oklahoma introduced an amendment to a bill called the Marketplace Fairness Act (the so-called "Internet tax") that would revoke the tax-exempt status of sports leagues. This is the news, and Think Progress has covered it nicely here. Also news, to most people: Sports leagues are … » 4/27/13 9:44pm 4/27/13 9:44pm

The Panthers Want $200 Million In Public Funding To Renovate Their…

Bank of America Stadium is a perfectly modern and lovely venue that hosts 10 football games a year. But Panthers owner Jerry Richardson wants more! He wants new escalators! A new video board! Better wi-fi in the stadium! And he wants you—the fan who already pays to attend games—to pay for most of the upgrades. » 2/13/13 4:40pm 2/13/13 4:40pm

Rich Golfer Phil Mickelson Is Going To Take "Drastic" Action To Escape…

This past weekend, wealthy golfer Phil Mickelson took some time during a press conference to express his displeasure with the current federal and state tax codes. Like Gerard Depardieu, Mickelson finds the burden of being a multi-multimillionaire in a confiscatory socialist political system too much to bear. Here's… » 1/22/13 4:35pm 1/22/13 4:35pm

The Dolphins Want Taxpayers To Help Them Renovate Sun Life Stadium

We called this one a couple of months ago, but the Dolphins and owner Stephen Ross made it official today—they want to make $400 million worth of renovations to Sun Life Stadium, and they want state and local governments to pay for some, possibly most of it. » 1/14/13 2:10pm 1/14/13 2:10pm

The Buffalo Bills Are Not Moving To Toronto, Los Angeles Or Anywhere…

The lease on Ralph Wilson Stadium was set to expire in July, and, while team owner and president Ralph Wilson has long said that the Bills wouldn't move while he was alive, Ralph Wilson is 94, and the Bills seemed to be inching further away from Buffalo every season. "Home" games in Toronto's Rogers Centre every season… » 12/22/12 9:45am 12/22/12 9:45am

A Guide For Sports Fans (And Would-Be Plutocrats) To Doing Your Taxes

Those of you who are not Darryl Strawberry will be spending the next few days on your tax returns. Here are a few practical things—and a number of not-so-practical things—that every sports fan should know about his or her taxes. » 4/12/12 11:25am 4/12/12 11:25am

Anthony Mason Is Now Wisconsin's Second-Worst Tax Offender, And Latrell …

Over the summer, we learned that former NBA player Latrell Sprewell was officially Wisconsin's worst tax scofflaw, thanks to the state's public list of the top 100 delinquent taxpayers. Back then, Sprewell owed more than $3.5 million—but as of this week, he's no longer on the list. Anthony Mason, who last played with… » 1/12/12 11:30am 1/12/12 11:30am

Why Albert Pujols Really Doesn't Care About The Money

Infographics: we have them! Click to enlarge. Turns out that by moving to a state with one of the highest income tax rates in the nation, Albert Pujols has a legitimate claim to not worrying about the extra "$3 or $4 million a year" he's getting from the Angels. Meanwhile, the zero state income tax is the reason every… » 12/12/11 5:00pm 12/12/11 5:00pm