June 08, 2015
Revealed: What A $50 Million Paycheck Looks Like!
It's no secret that MLB All-Star Andrew McCutcheon rolls in the big bucks on pay-day. His $50 million dollar contract speaks for itself. Imagine getting this as your paystub every week!
This exclusive pic of his biweekly payout ($427098.49 after taxes) went viral after a friend found the paper while touring the Wrigley Field clubhouse. Nearly a million dollars a month is earned by McCutcheon, who joins the ranks of LeBron James, Peyton Manning and Maria Sharapova in earning power.
However, like all of us, even MLB All-Star's have to pay their taxes. What's curious about their deductions though, is where they're paying them to. Athletes must pay a "jock tax" to cities they visit. Each city sets it's own rate. All the tax deductions amount to over $30,000. Gee, I guess athletes don't have it so easy after all!
What do you think of this hefty pay-out? What would you do with that kind of money? Share your thoughts with us!
This exclusive pic of his biweekly payout ($427098.49 after taxes) went viral after a friend found the paper while touring the Wrigley Field clubhouse. Nearly a million dollars a month is earned by McCutcheon, who joins the ranks of LeBron James, Peyton Manning and Maria Sharapova in earning power.
However, like all of us, even MLB All-Star's have to pay their taxes. What's curious about their deductions though, is where they're paying them to. Athletes must pay a "jock tax" to cities they visit. Each city sets it's own rate. All the tax deductions amount to over $30,000. Gee, I guess athletes don't have it so easy after all!
What do you think of this hefty pay-out? What would you do with that kind of money? Share your thoughts with us!