As with most things in life, follow the money.
The Delaware Valley is electric with baseball.
After an exciting off-season of collecting talent,
Bryce Harper’s signing with the Phillies was the proverbial cherry on top.
But a recent Los Angeles Times story says the Giants,
and especially the Dodgers --
with magnificent weather
offered similar 300 million dollar-like deals to the mega star.
So why did he choose the Philadelphia Phillies?
According to sports writer George Skelton, the California-based teams
couldn’t overcome the burden of California’s top state income tax rate of 13.3%,
compared with Pennsylvania’s low flat rate of 3.07%.
Reworded, Mr. Harper’s agent, Scot Boras said
the tax savings from signing with the Phillies –
rather than a California team
– “could be almost a full year’s compensation.”
For the full story, “Bryce Harper will save tens of millions in taxes by spurning the Dodgers and Giants”