Harden to take tax hit after swapping Houston for New York

NBA Went from Rockets to Nets in trade deal

Harden to take tax hit after swapping Houston for New York

James Harden‘s forced move from the Houston Rockets to the Brooklyn Nets won’t come without personal expense.

As part of the trade, the former NBA MVP leaves the state of Texas for New York, which has an impact on his tax duties.

In Texas, there is no income tax on earnings, while there is a 12.7 percent income tax rate in the state of New York.

That means Harden will have to pay, according to Sportico, an additional 13.6 million dollars in taxes over the remaining three years of his contract with the Rockets, which is worth 133 million dollars.

The cost of living in New York is also reportedly 92 percent higher than in Houston and can rise to as high as 165 percent more expensive in areas like Manhattan.

These figures aren’t likely to scare Harden, who has earned 225 million dollars throughout his career in the NBA.

Source of the article

Author: XenBet

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