High Tax Rates Hurting Competitive Balance in Sports?

According to a new study high tax rates seem to be impacting the competitive balance in the National Hockey League. The study shows that most of the NHL free agents chose to move to teams in locations with lower taxes – saving those players millions of dollars! The NHL may be the first time that we are noticing the trend but it may not stop there. In January of 2014 star Japanese pitcher Masahiro Tanaka signed with Major League Baseball’s New York Yankees for 7-years and $155 MILLION! Sadly Read more […]