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Dodgers, Mets Lead Luxury Tax Payers
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The Los Angeles Dodgers and New York Mets are facing hefty luxury tax bills, with the Dodgers breaking their own record and surpassing the Yankees in total tax paid. The Mets, despite not making the playoffs, have accumulated over $320 million in luxury tax over the last four years. Nine teams are paying the tax this season, with the Dodgers payroll reaching a record $417.3 million. The luxury tax system has collected over $1.63 billion from fifteen teams, with the Dodgers, Mets, Yankees, and Phillies paying for four consecutive seasons. Next year, the initial tax threshold will be $244 million, potentially leading to higher tax rates for teams like the Dodgers and Mets.
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States Weigh Tax Breaks Amid Federal Pressure
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Imran Khan, Pakistan's Ex-PM, Sentenced in Fraud Case
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Trump's Oval Office Speech: Access or Political Airtime?
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UN Demands Rwanda Pull Troops from Congo
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Train-Elephant Collision in India: Seven Elephants Killed
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Elon Musk's $1 Trillion Pay Package Reinstated
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New South Wales Bans 'Globalize Intifada', Cracks Down on Hate Speech
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