Shohei Ohtani (29), who signed with the Los Angeles Dodgers of the Major League Baseball (MLB) for an astronomical amount of money, is poised to change the tax laws of the U.S. state of California.The Associated Press reported on the 10th (Korean time), “California State Auditor Malia M. Cohen is requesting changes to the state legislature’s tax law.”
“If Otani does not reside in California at the time of receiving his salary, he will avoid the 13.3% income tax and 1.1% insurance premium,” Auditor Cohen said. “The current system creates a serious imbalance in the tax structure.” .“Congress must take immediate action to correct this imbalance,” he said. The Associated Press explained, “If the current system is in place, Otani can save $98 million (about 129.4 billion won) in taxes.”
Last month, Ohtani signed a 10-year contract with the Dodgers for a total of $700 million (924.6 billion won).He was the best player in MLB history.At the time, Ohtani entered into his contract a condition for deferring salary payments to ease the competitive balance tax burden on the Dodgers.It was stated that $680 million, which is 97% of the contract annual salary, would be received 10 years after the end of the contract.From 2024 to 2033, only $2 million will be received each year.Some analysts also analyzed that Otani delayed paying his salary in 스포츠토토존 of tax savings.