MLB free agents will try to front load their contracts to get money paid this December to avoid tax increases next year. We’ll see if teams go along, although they might earn tax benefits as well from the deal.
I’m still impressed George Steinbrenner managed to die while the estate tax was at zero.
Pretty much every player with expected career earnings of 10 million or more sets up a foundation to lower their effective tax rate and avoid the estate tax.
Steinbrenner had a trust which served the same purpose even if the estate tax was not zero at the time.