July 9, 2010 Leave a comment
So, why did LeBron pick Miami? Could it be the great beaches? D-Wade? And why not New York, the “greatest” city in America? The spotlight, celebrities, and endorsements are presumably all much bigger in New York. Let us take a hard look at the economics of the situation.
LeBron’s income tax for a New York contract: $12.34 million.
LeBron’s income tax for a Miami contract: $0.
Need I say more? Could we blame New York’s dysfunctional, tax hungry politicians for LeBron’s flight to Miami? Maybe just a little bit.