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Gov't to Take Nearly $14M of Kobe's $24M Lump Sum Payment in Taxes

Gov't to Take Nearly $14M of Kobe's $24M Lump Sum Payment in Taxes

Kobe Bryant will owe the government nearly $14 million after the Los Angeles superstar receives a $24,363,044 payment from the team on Friday as part of his contract. 

After factoring in the the top federal marginal rate of 39.6%, the top marginal California state tax rate of 13.3%, and the federal Medicare surtax of 3.8%, Bryant’s tax burden is 56.7% before social security taxes.

That means his total tax liability will be just over $13.8 million. 

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