The highest-paid NBA players are among the richest athletes in America. But taxes unique to professional athletes shave millions from a player’s salary.
As the 2018-2019 National Basketball Association season enters its fourth week, Bloomberg Tax analyzed the tax burdens of four of the highest-paid players—two each from the league’s Eastern and Western Conferences.
Geoffrey Marsh, a financial adviser at McLean, Va.-based sports agency Octagon Financial Services, told Bloomberg Tax that rookie athletes are among those most often blindsided by income taxes.
“When I sit down with first-year players, I tell them to expect to take home about ...
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