Beijing time: 2023-12-17 01:24
[NTD News, Beijing time, December 17, 2023]Japanese baseball star Shohei Ohtani will join the Los Angeles Dodgers of Major League Baseball in the new season. The new contract is worth 700 million U.S. dollars over 10 years, which not only breaks the historical salary record of the major leagues, but 680 million of the 700 million will be received 10 years later, which has attracted the attention of the outside world.
During a press conference at Dodger Stadium on Thursday, Ohtani said he hopes to have a successful career in baseball.
Ohtani said through a translator: “There are many reasons for choosing the Dodgers, but one thing that comes to mind is that when I had a meeting with the Dodgers executives, they said that in the past few years, although they have reached the season every year, After the game but only winning one World Series ring, they considered it a failure. When I heard that, I knew they all wanted to win, and that’s exactly what I wanted.”
Otani Shohei’s contract is deferred, that is, he will only receive 2 million in annual salary, and the remaining 680 million US dollars will be deferred without interest after ten years.
Ohtani Shohei said that he hopes that in this way, he can help reduce the team’s cash flow pressure, thereby maintaining the team’s competitiveness.
Tax experts believe Ohtani’s contract takes advantage of a federal statute that prohibits states from imposing income taxes on retired former citizens.
UCLA professor/tax law expert Kirk Stark: “He will be earning $68 million per year after 2034, if that is retirement income within the meaning of federal regulations. Then California will not be able to tax it, assuming he no longer has it by then Be a resident of California.”
By 2034, Shohei Ohtani will reach the retirement age of baseball players – 40 years old. At that time, Shohei Ohtani can choose not to live in California, so that most of his salary may avoid California’s 13.3% income tax and 1.1% state disability tax. Insurance payroll taxes.
Comprehensive reporting by NTDTV reporters Liu Haiying and Mingyu
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2023-12-16 17:39:25
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