Republicans Outraged Over Tom Brady’s Superbowl Tax Bill
If there’s anyone we don’t need to feel sorry for, it’s Superbowl XLIX MVP, Tom Brady. It seems only fair that this multi-millionaire, who will receive untold sums of cash from endorsements, repay the same society that enabled him to make gobs of money.
Tom Brady MVP, Malcolm Butler & Team Owner, Robert KraftA study indicates that tax cuts for the wealthiest earners fail to generate economic growth at the same pace as tax cuts aimed at low- and middle-income earners.
The super wealthy should pay their fair share and that’s not open for debate. As MVP, Brady also won a Chevy pickup truck, which he decided to gift to another player, Malcolm Butler. Newsmax reports:
But with that comes a steep federal gift tax of $5,000.
As for Brady’s game check of $97,000, which CNBC reports is the amount the NFL pays to each player on the Super Bowl-winning team, he will pay $42,000 in federal taxes from that.
Brady, Butler, and their teammates and coaches celebrated their victory with a parade in Boston Wednesday. Brady’s tax bill adds a bit of sting to the victory and his MVP prize.
Everyone get out your violin. Poor Tom has to pay federal taxes on his winnings, but the right-wing, anti-tax crowd has no problem with the working poor paying more in taxes than the super rich.
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By: VegasJessie
A resident of Las Vegas Nevada, a graduate of the University of Oklahoma as a Political Science major. Very motivated to get people to participate in the electoral process.
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ExPFCWintergreen February 6th, 2015 at 12:55
But when you win the Manliest of All-American He-Man gladitorial combat events — a “world championship” chock-full o’ American Exceptionalism and not at all girly like the so-called “World Cup” (where you don’t even get to give other He-Men cool stuff like Traumatic Brain Injury or nothin’!) — don’t you get, like, an Awesomeness tax exemption or something for inspiring so many young Americans with your concussion-based heroism? ‘Cause if not, that’s like a total rip-off or something.
ExPFCWintergreen February 6th, 2015 at 13:55
But when you win the Manliest of All-American He-Man gladitorial combat events — a “world championship” chock-full o’ American Exceptionalism and not at all girly like the so-called “World Cup” (where you don’t even get to give other He-Men cool stuff like Traumatic Brain Injury or nothin’!) — don’t you get, like, an Awesomeness tax exemption or something for inspiring so many young Americans with your concussion-based heroism? ‘Cause if not, that’s like a total rip-off or something.