Sportsfrog.com

We have all heard about the tax increase for those of us making over 250K. It’s not actually an increase it’s a roll back of the Bush tax break.

President-elect Barack Obama has proposed increasing the top federal income tax rate from 35 percent to 39.6 percent, where it was under the Clinton administration.

But now the Scott Borases of the world will try to get FA deals done before Jan 1st, thus avoiding the increase. Still, for a big-money free agent earning $10 million in 2009, Obama’s plan could increase his federal tax by more than $400,000.

Those poor bastards.