Every time I mention politics some of you yahoos tell me to stick to baseball. Well, tough, because this time it’s quite appropriate to put them together. Baseball players, owners and agents are thinking about front-loading contracts to avoid tax hikes on the rich:
As free agents negotiate deals this offseason, tax policy is an area that comes up along with the usual issues. Some players are wrangling for as much money as they can get before the end of the year to avoid a take hike in 2013.
“Front-loading would make sense if at all possible as tax rates will definitely go up on January 1st on all high-income taxpayers,” agent Greg Genske said in an email. “The only question is HOW MUCH will the rates increase????”
You know it’s serious if they’re using that many question marks.
Anyway, thanks Obama.