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First Perjury, Now Tax Evasion
Written by Charles on November 16, 2007 – 10:04 pmOne of the problems (problem is probably a poor choice of words here) with the Braves during the off season is that they rarely find themselves in any sort of drama, legal or otherwise. Luckily for us, we have the rest of the league to keep us entertained. A day after Barry Bonds was indicted on charges of perjury and obstruction of justice, Yankee captain Derek Jeter has been told by the New York State Division of Taxation of Finance that they believe he was a New York resident between 2001-2003.
Jeter claims his residence in Tampa, FL along with many other major league players. A large part of this is because Florida doesn’t have any state income taxes. The State of New York and New York City do however, and this is a dispute that if the courts determine to be true could cost Jeter millions. Jeter made $11 million in 2001, $13 million in 2002 and $14 million in 2003, along with a $16 million signing bonus to be paid over between 2001 and 2008. All of this adds up to a fairly sizable tax bill if Jeter is eventually made to pay it.
I personally do not understand how he can claim to be a resident of Florida when 9 months out of the year he lives in his condo in Trump World Tower in New York City. Also, aren’t you taxed, at least partly, based on where the money was earned, and not on where you “reside”? Anyway, just another little tidbit to keep us entertained throughout the off season.
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