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How a Billionaire Team Owner Pays a Lower Tax Rate Than LeBron James — and the Stadium Workers, Too [1]
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Date: 2022-08
How a Billionaire Team Owner Pays a Lower Tax Rate Than LeBron James — and the Stadium Workers, Too
Pro sports teams pretty much always increase in value. But our tax laws allow the owners to claim that their teams’ assets lose value, lowering their tax bills through amortization. The government misses out on billions in revenue. Here’s how.
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[1] Url:
https://www.propublica.org/video/how-a-billionaire-team-owner-pays-a-lower-tax-rate-than-lebron-james-and-the-stadium-workers-too
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