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In fact, federal taxes owed by professional baseball, football, and basketball players will exceed $3 billion in 2013, according to tax experts who specialize in representing athletes. And, like every other U.S. taxpayer, their bill is due today. Thatâs $3 billion of the $2.5 trillion paid in federal taxes by all Americans, contributed by a select but paltry work force of about 3,000. On average, every MLB, NFL and NBA player pays $1 million in federal taxes.
MLB believes that the compensation paid by its Clubs to Minor League players is in full compliance with the law. The minimum wage and overtime provisions of federal and state wage and hour laws were not intended to apply to professional athletes such as Minor League baseball playersâ¦.