Tax Break for the Really, Really Rich



In his 4-year, $52 million contract with the Florida Marlins, Carlos Delgado received a rather generous provision: Should he be traded to a team in a locality that features a state and/or local income tax, the club acquiring him must make up any difference in those taxes. In practice, this provision could prove quite lucrative. For instance, if Delgado is traded to the Los Angeles Dodgers, he would be reimbursed by the team for falling in the highest state income tax bracket (9.3 percent + 1 percent surcharge on income in excess of $1 million).

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