Saturday, March 2, 2019

Economic reality is irrefutable.

California's mega high tax rate reportedly cost the San Francisco Giants a shot at signing Bryce Harper


California has by far the highest marginal income tax rate in the country

Image source: YouTube screenshot


Just prior to All-Star outfielder Bryce Harper signing a reported 13-year, $330 million contract with the Philadelphia Phillies on Thursday, the franchise from the City of Brotherly Love was on the ropes — because the San Francisco Giants at that point were the reported front-runners to ink a deal with the 26-year-old free agent.
Reports indicated the Giants moved a 12-year, $310 million deal across the table — but Harper and his agent Scott Boras pushed it back. Not enough dough, apparently.

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