Wednesday, 21 March 2018

Professional Sports Leagues Go Head-To-Head With New Tax Code

Houston Astros starting pitcher Justin Verlander throws a pitch. The player was traded from the Detroit Tigers to the Astros last year in a move that that experts estimate netted the Astros about $10 million, though no money changed hands between the two teams.

The change of a single word in the new tax code means professional sports franchises could take a big new tax hit, each time they trade a player.

(Image credit: Jeff Roberson/AP)



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