about 5 hours ago

Micah Parsons to Pay $21.61M on Taxes After Blockbuster Deal

Micah signed a $47 million yearly deal with the Packers. But after taxes, his take-home takes a major dip in number. Federal tax takes $17.39M, Wisconsin tax will cost him $3.6M, and FICA (Federal Insurance Contributions Act) $620K, totaling $21.61M. That leaves him with a net income of $25.39M, just over half of the contract’s value.