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Are Athletes Ready for Higher Taxes?

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  • Description

    Former MLB Cliff Floyd on the increase in taxes and how it will impact professional athletes.

  • Duration 4:30
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This transcript is automatically generated

Cliff Floyd played Major League Baseball for seventeen seasons he 53 million dollars in salary during that time now is retired.

Living off the income from his investments income that could be subject to much higher taxes next yeah.

Cliff Floyd joins us now boss before we get the vast -- If that's it you're ready for the product.

-- today.

On the ESPN yet I think it was rob -- he criticized the Redskins quarterback rob Griffin with basically said look he's not black -- Because -- is engaged to a white woman.

And he might be a Republican.

-- -- -- -- -- I in it took me back you know because I think this.

You know rubber -- doing -- me the third is doing his thing and and and not just.

You know plant football when he's the -- -- -- aside for African Americans who look and up to them.

And four.

You know route to go off there and -- think -- growth society you judge and somebody because of your own opinion.

-- that we'll -- just about what he's going put himself.

And you can say what multi is culpable in his -- I'm told found waters problem Griffin have to conform to somebody else's view of water and African Americans should do and be like I -- I don't get it -- -- -- illustrates -- -- -- Do -- to do.

-- and -- -- -- role model for so many different at least the -- that's grown -- we have -- must go on all in our communities where.

You know you you look of two RG three and you go.

That this guy right here.

This is -- Maki it to look up to as he grows on the line let's talk taxes.

You can see if it doesn't look like.

Come January the first next year 2013.

You are probably facing a nasty increase in annual tax bites how do you feel about this float went to a -- bit in you prepare for you anticipate what's going on.

He tried to do different things to allow yourself to not get hit I have defer payments comment.

Folk from the Mets that I -- cannot solve the great thing when a person as they did because when you've done.

Look for that rainy day the rainy day in day you know -- and that type and -- you go from making it through right now not checked every two weeks to make -- zero and finding you next and its.

That that's how basic -- now so.

As you get these as you get these payments.

And there over the 250000.

Dollars and not be taxed on that money after right -- go from about 35% to that 3739%.

So big hit you object.

Of course she blew away what I don't mind -- taxes out just -- the -- to be used.

The right what probably you don't mind paying the tax I don't mind -- it was not a little bit of Cliff Floyd that says.

Like every -- model actress that I don't plus a while -- will also watch.

That's what I wanted I thought I can't tell you Hudson and as as you know mobile around and you actually -- but when you think about it.

You know what you keep -- walk in and -- live what do you -- of Hamilton the baseball player goes from Texas to southern -- Okay is making 25 million dollars a year he goes from no state income tax yet to thirteen point 3% income tax what do you make of that but guarantee that he talked about that his negotiations if he -- -- in India gets five is on his point five million dollars.

Maybe only pay for his career in -- -- injuries he's been to a you know god has been the allowed in his career and I and -- hats -- -- home and ways they've it to accomplish that the thus far.

But I think you you put that.

Into so thought -- get back on Qaeda moved from a a Texas team to a Florida team breast self what is that devastating attacks right would be 25 million don't get it might be eighteen million for an end and they you go there it goes down because the simple fact that you understand the state taxes nothing much.

Almost out of time.

But you're wearing an awful lot of what I'm told is cold blame -- yeah diamonds he's got diamonds Reverend Wright you've got a very fancy watch right there you know -- bought this early on in life.

Bombing -- just what we've bombing did not -- Stewart thing.

-- -- yet you know you know and you call me -- before you can.

Are you selling outlook but you can also -- if I had.

That's the one thing that's true -- you know I didn't talk about the -- partner -- -- hello my wife on Monday when -- B rated it gets some -- for.

Run by a how many.

Opportunism -- Shift that cliff flaw he hit a truck -- truck right yes you may find they still do it thank you very much and it.

Clinton what -- gonna come back does see you an idea you know but Merry Christmas to America's -- thanks very much indeed top of the.

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