Join 250,000+
professionals today
Add Insights to your inbox - get the latest
professional news for free.
Why Are the Atlanta Braves Facing a $19 Million Tax Bill?
Join our 250K+ subscribers
Join our 250K+ subscribers
Subscribe23 APR 2025 / ACCOUNTING & TAXES
The Atlanta Braves, the only publicly traded team in Major League Baseball, are facing a $19.1 million tax hike due to a rule in President Biden's pandemic relief bill, going live in 2027, that limits the amount big public corporations can deduct as business expenses from their top five employees' salaries. The rule, which only allows a $1 million deduction per top-paid employee, leaves privately owned and non-US-based teams untouched, and despite the Braves' lobbying efforts, both Democrats and Republicans favor the rule, raising potential future financial issues for the baseball team.
Back in 2021, the Atlanta Braves were living the dream. Truist Park was alive with chants, hot dogs were flying off the grill, and champagne was popping in the clubhouse. A World Series title brought glory back to a franchise rich in baseball history...
Until next time…
Don’t forget to share this story on LinkedIn, X and Facebook
Subscribe now for $199 and get unlimited access to MYCPE ONE, from CPE credits to insights Magazine
📢MYCPE ONE Insights has a newsletter on LinkedIn as well! If you want the sharpest analysis of all accounting and finance news without the jargon, Insights is the place to be! Click Here to Join
Unlimited CPE for Just $199/Year!
Get CPE credits by reading or listening to approved content. Enjoy unlimited CPE for CPA (US), EA, CMA, CIA, CFE, SHRM, HRCI, and 100+ other designations-all for just $199 per year! (Learn More)
Team Subscriptions Available – Starting at Just $199/Year!
Schedule a no-obligation callYou’ve reached the 3 free-content piece limit. Unlock unlimited access to all News & CPE resources.
Subscribe Today.
Already have an account?
Sign In
