Thousand bux a month or tax wealthy elite 70%

The number of athletes who make over ten million dollars a year are less than 100. They are a tiny portion.

 

Maybe you do not, but most of us pay our taxes. It starts at ten million. It is a luxury tax. Beyond ten million how much do you really need?

 

If the athlete still eans over ten million a year in their fifties then hats off to that magician. I am only talking about sports income.

There sports income would be uncapped. Income outside of sports and endorsements would be seperate and subject to the ten million dollar tax separate from his contract. So if an athlete earns 25 million in endorsements for two straight years, then 10 to 15 million would be subject tomthe 70 percent tax rate. I am sure they would be given 5 years where they can be taxed less because endorsements tend to die down once they retire.

Entertainers perform well into there 60s and most do not make over ten million dollars a year anyways.

 

Hell yeah this is a sports forum. Better recognize.

 

Look up the famous politicians in the 40s to 60s. Many were assasinated like huey long.

 

This is where it gets tricky, but most do not earn over 10 million a year so no. There arent that many of them anyways. Maybe 5 female actesses earned over 10 million last year. If you are a good actress you can act no matter your age. Sports, yeah no.

 

Because they are forced into retirement after about 10 to 15 years. Capping their income is unfair, because their earning potential is proven in history to severely drop off in their 30s. Look at melo, wade, carter, mcgrady, nash, etc.

 

The only other good example you can give is female actresses. But guess what maybe one or two made over $10 million last year.

 

Mwaa mwaa mwaaa

Seriously, let me play the worlds smallest violin for you.