Rep. Devin Nunes welcomed new LA Lakers player LeBron James to California with a Twitter quip about the high taxes the former Cleveland Cav will be paying now that James has inked a four-year, $154 million deal with the Left Coast team.
The California Republican's comment was actually in response to a tweet posted by the California Democratic Party, which welcomed James to California and encouraged him to register to vote, USA Today reported.
Forbes reported that James will now pay California’s 13.3 percent tax rate on the bulk of his salary for practice and game days, adding that additional state income taxes over the life of the contract could amount to over $21 million.
The high tax rate may make a dent in his earnings but considering that James owns two Los Angeles mansions, he will be able to afford it. And already be used to high taxes.
Back in Cleveland, preparations were under way to remove a huge Lebron James banner from the downtown wall of the Sherwin-Williams Global Headquarters.
The mural spans 10 stories and had become an unofficial city landmark since it was re-installed in 2014 after James returned to Cleveland from a stint with Miami Heat.
The removal has ignited a sense of nostalgia amongst fans who are mourning the departure of their iconic athlete as well as their city’s landmark.
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