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NBA Finals is a Tale of Two Tax Opposites

Sept. 30, 2020, 8:46 AM

This year’s NBA finals features a storied champion against an unlikely Cinderella, but the off-court tax contrasts between the West’s top-seeded Los Angeles Lakers and the East’s fifth-seeded Miami Heat are just as glaring.

Should they win their 17th championship as the heavy favorites, the Lakers would pay the country’s highest state tax rate on the reported $5.56 million champion’s purse .

The Miami Heat, the biggest long shot to make the finals since 2002, would pay federal income tax on their earnings like the Lakers, but would be ...