about 1 month ago

John Harbaugh To Pay $9.86 Million in Taxes Every Year After $100M Deal With Giants

A breakdown of Harbaugh’s five-year, $100 million deal with the Giants makes it a $20 million annual deal. Using New Jersey tax rates (married filing jointly), roughly $7.31 million goes to federal taxes, about $2.07 million to NJ state taxes, nearly $480,000 to FICA, and around $600,000 in agent fees. As a result, Harbaugh’s net income each year will be approximately $9.5–$9.6 million, or roughly $47.5 million over 5 years.