Tom Brady owes the IRS $60,500 for winning the Super Bowl
A silver lining for Pete Carroll and his Seahawks: By winning "The Big Game," New England Patriots star quarterback and Super Bowl MVP Tom Brady will have to pay up $60,500 — the form of a tax bill owed to the IRS.
According to the Washington Examiner, a report by Americans for Tax Reform reveals that Brady "will have to pay $42,000 on his share of the $97,000 for playing in the championship, and another $18,500 for giving away the red Chevy Colorado pickup truck he won for being MVP to fellow player Malcolm Butler, who caught the game-winning interception."
Brady, who is worth an estimated $120 million and earns a $26.5 million salary, is placed in the highest income tax bracket, and owes the feds 39.6 percent of his winnings. The NFL will foot the bill for half of the maximum Medicare tax owed by the footballer, with the total tax tab amounting to an astounding $60,500.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
-
'This needs to be a bigger deal'
Instant Opinion Opinion, comment and editorials of the day
By Justin Klawans, The Week US Published
-
Magazine solutions - November 29, 2024
Puzzles and Quizzes Issue - November 29, 2024
By The Week US Published
-
Magazine printables - November 29, 2024
Puzzles and Quizzes Issue - November 29, 2024
By The Week US Published
-
Europe roiled by attacks on Israeli soccer fans
Speed Read Israeli fans supporting the Maccabi Tel Aviv team clashed with pro-Palestinian protesters in 'antisemitic attacks,' Dutch authorities said
By Peter Weber, The Week US Published
-
New York wins WNBA title, nearly nabs World Series
Speed Read The Yankees with face the Los Angeles Dodgers in the upcoming Fall Classic
By Peter Weber, The Week US Published
-
Caitlin Clark the No. 1 pick in bullish WNBA Draft
Speed Read As expected, she went to the Indiana Fever
By Peter Weber, The Week US Published
-
South Carolina ends perfect season with NCAA title
Speed Read The women's basketball team won a victory over superstar Caitlin Clark's Iowa Hawkeyes
By Rafi Schwartz, The Week US Published
-
Iowa's Caitlin Clark breaks NCAA scoring record
speed read College basketball star Caitlin Clark set the new record in Iowa's defeat of Ohio State
By Peter Weber, The Week US Published
-
Eight-year-old Brit Bodhana Sivanandan makes chess history
Speed Read Sivanandan has been described as a 'phenomenon' by chess masters
By Sorcha Bradley, The Week UK Published
-
Watch Simone Biles win her record 8th US gymnastics championship
Speed Read
By Peter Weber Published
-
Spain beats England 1-0 to win its first Women's World Cup
Speed Read
By Justin Klawans Published