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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.
When NBA stars like the Cleveland Cavaliersâ LeBron James and the Los Angeles Lakersâ Kobe Bryant play road games in states that levy income taxes, not only do they leave behind enduring images of slam dunks and buzzer beaters, they also leave behind large chunks of their paychecks in the form of âjock taxes.â.