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Create a luxury tax of 20% on all U.S. Professional Sports salaries. This creates $4 Billion in Revenue/Year for the US.

Created by R.P. on December 29, 2012

The professional sports industry has enjoyed impressive growth over the past decade. Credible sources show that professional sports salaries total $20,000,000,000 ($20 Billion) total.

Sports players are paid an unethically large amount of money for playing sport. Yes, it's a tough job. No, Alex Rodriguez (New York Yankees) should not make $30M without a surcharge--this doesn't include the endorsement money. No, Kobe Bryant does not deserve $29M without a surcharge--again, this doesn't include the million made on endorsement.

Sports are an important part of our culture, but nobody can agree that one man deserves $30M for playing a sport--no matter how well they play it. Over $20B in Revenue should have an additional luxury tax of 20%. The middle class and U.S. would gain $4 Billion/Year.

Budget & Taxes
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