How American states squeeze athletes (and remote workers)
The public loves jock taxes; baseball players do not
Sports are big business in America. The country’s four largest professional leagues generate about $45bn in revenues a year, more than half of the total produced by leagues worldwide. That makes for plenty of richly paid stars—and income-generating opportunities for governments. Enter the “jock tax”, an attempt by states and cities to stake a claim to the earnings of visiting athletes.
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This article appeared in the Finance & economics section of the print edition under the headline “Ballpark figures”
Finance & economics January 27th 2024
- Wall Street titans are betting big on insurers. What could go wrong?
- Investors may be getting the Federal Reserve wrong, again
- What Donald Trump can learn from the Big Mac index
- Why sweet treats are increasingly expensive
- How American states squeeze athletes (and remote workers)
- As China’s markets suffer, what alternatives do investors have?
- The false promise of friendshoring
From the January 27th 2024 edition
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