Jim McKenzie on the lockout
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09-27-2004, 07:59 AM
Need a slump buster
Join Date: Mar 2002
Originally Posted by
I don't want just a tax.Major League Baseball thought a luxury tax would reign in the big spenders,spread the $ around,keep salaries down.Yankee payroll is up around $186m.One Hundred and eighty-six million dollars
Yeah a luxury tax has really kept baseball salaries down.
The problem is MLB luxury tax is a weak tax system. When the tax number starts at 120 million and it's only a 17% tax it doesn't do much effect. If MLB set the number at 80 million and a 100% tax you can bet payrolls would come down.
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