News

Nunes reminds LeBron James about the new tax assessment in Los Angeles

in the vicinity


Video

LeBron James under $154 million deal with the Los Angeles Lakers

NBA superstar leaving Cleveland for the second time.

Rep. Devin Nunes, R-Calif., welcome LeBron James to the “Golden State” on Monday, hours after the basketball superstar signed a four-year, $154 million contract with the Los Angeles Lakers.

Nunes’ welcome was not as warm as you imagine it. He recalled that James about the taxes he would have to pay to officially live in the state.

“LOL! Prepare to pay the highest taxes they have ever in their career!! You should, instead of having to pay for more, the Moonbeam weather tax!!!!!” he tweeted.

LOL! Prepare to pay the highest taxes they have ever in their career!! You should have held for longer, the Moonbeam weather control!!! https://t.co/O6gZXFqZqM

— Devin Nunes (@DevinNunes) 2. July 2018

Nunes was referring to California, the high real estate prices and the high cost of living due to California taxes, according to the Washington Examiner. California has the highest tax rate in the United States, and the highest sales tax at 7.25 percent.

James was the second best-paid player in the NBA during the season 2017-18, pulling in $33 million. ESPN reported that James had to pay $11.9 million in taxes in Federal, and $ 2.1 million in state and city taxes of $950,000 in agent fees and another $18,000 in his 401(k).

The Cavs paid LeBron $33.2 million this season. We estimated how much he actually took home. Here is our mathematics. pic.twitter.com/Q18ZwI50Jx

— Darren Rovell (@darrenrovell) 4. June 2018

According to Business Insider, “The king” also paid about $3.3 million in the NBA-player revenue share. James took home over $16.7 million in total.

James, with his move to Los Angeles, to pay $21 million in state income tax on his contract – will cost him about $ 5.2 million in salary and sponsorship revenue this year alone, Forbes reported.

In-state rivals Stephen Curry certainly knows how James feels.

Ryan Gaydos is an editor for Fox News. Follow him on Twitter @RyanGaydos.

Follow us

Don't be shy, get in touch. We love meeting interesting people and making new friends.

Most popular