What did he pay income taxes with?
I wish these articles would disclose what the income taxes would be with the standard deduction. People come away thinking he has $49.7M.
Also he has an agent who takes 10% off the top, and probably other staff like lawyers and accountants to pay. But the main point holds. He has saved his net salary, and lived off his non-playing income.
He would pay his agent 10%, his business manger 8% or so. The Fedral taxes are 38%. State taxes are horribly complicated because every state you play in gets their cut.
So, let’s call his salary $50 million. He probably nets about 35%. That’s about $17-20 million. Not horrible, but it’s still a lot less than people think.
Not that hard to estimate. Fed, state and local taxes eat up around 40 to 50 % at the bracket marshawn is in.
Estimate he’s got $25 million plus whatever he’s earned in interest and dividends plus whatever he puts aside from his $5 mil a year he gets from endorsements.
Marshawn should be able to retire on $100k a month after taxes easily.
I say good for him.