Quarterback Jimmy Garoppolo's 5-year $137.5Mcontract with the San Francisco 49ers will mean an added $3M taxbill under the new tax law, according to one tax expert. Garoppolowould have saved $2M in taxes had he instead signed with the DenverBroncos in lower-tax Colorado. (Photo: AP)
(Bloomberg) –If your favorite NFL team doesn't make it to theplayoffs, President Donald Trump's tax overhaul might be in part toblame.
The 2017 law could put teams in states with high personal incometax rates at a disadvantage when negotiating with free agentsthanks to new limits on deductions, including for state and localtaxes, according to tax economist Matthias Petutschnig of theVienna University of Economics and Business.
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