Today's word: JOCK TAX
Theme for this fortnight: TAXES
What began as bitter blood has turned into a lucrative source of state funding, as taxing “jocks,” performers, and other entertainers, can generate serious revenue.
California first imposed the Jock Tax back in 1991, after the Chicago Bulls beat the LA Lakers in the finals. The next time “His Airness” played in Los Angeles, the money he made on those games was officially subjected to the California State Income Tax. Since that time, half of the states in the union have adopted a Jock Tax, taking a cut from high-paid heroes, and putting the added resources to work for local communities.