Andrew McCutchen's Pay Stub released

[CoachCB]

http://www.msn.com/en-us/sports/mlb/pirates-star-mccutchen-laughs-off-leaked-pay-stub/ar-BBk8GR5

McCutchen grossed $820,659.88 during the pay period, though he took home ''only'' $427,098.49. Among the deductions: $322,074 in federal income tax, $19,285 to Medicare and $16,775 to the state of Pennsylvania as well as taxes in Missouri and Illinois, places the team visited during a recent road trip.


There's even a $9,856 deduction for something called the Pittsburgh Professional Athlete Fee.


While social media took notice that McCutchen put only $1,500 toward his 401k (or 0.001% of his check) turns out there's a reason. That's the highest allotted by the IRS before it becomes taxable.

 

[Betallsports]

That's just SICK

 

[NBAcapper08]

federal income tax is such a joke

 

[CoachCB]

That's just one check!!

He makes around $10 million...

 

[ZJP6050]

That's just one check!!

He makes around $10 million...

tax still crazy.

 

[metro]

thats close to 50 pct.. no fucking way the owners paying that high a percentage , no fucking way

 

[RoofTop]

And people were upset with Spree when he said he got a family to feed

 

[JackStraw77]

He gets a lot of that money back after he is accountants do his taxes at end of the year. He can take deductions from the all the states that charge him state income tax.

 

[CoachCB]

He gets a lot of that money back after he is accountants do his taxes at end of the year. He can take deductions from the all the states that charge him state income tax.

Not sure how many deductions he's getting: child credit? Mortgage interest? Donations to charity/non-profits? He can only put a limited amount tax free into an IRA. Otherwise, he's paying 30+% at that income level. If it was Capital Gains, Interest earned on investments, etc it's taxed at the Capital Gains rate...but "income/salary" is earned at a much higher rate.

 

[Vlad the Impaler]

This is kind of unrelated, but guys like Mark Cuban, how can they track all of that between checking, savings, his probably 200 plus investments, Mavs, Movie theatres, stocks, investments, divideneds, all the different boards he is on, meetings, charity, expenses for his 2 jets How many different accounts would you have when the majority of your net worth is just straight cash. On shark tank, how do they even know what the company they invest in is true. I'm talking 4 years down the road. We are talking billions. You can't really trust anyone to do it and he was ripped off by a bank once. Not like you can hire someone to look after YOUR finances. They would rip you off in a second.

 

[Akillies]

should get a better money manager