How a NFL star is only netting $35k in salary

[REWahoo]

Ram's wide receiver Odell Beckham Jr. signed a one year contract in November and took his $750,000 salary in Bitcoin. According to this story, if he was paid the full amount at that time, the combination of market losses, federal and state taxes would leave him with only $35K.

Ouch!

 

[aja8888]

Ram's wide receiver Odell Beckham Jr. signed a one year contract in November and took his $750,000 salary in Bitcoin. According to this story, if he was paid the full amount at that time, the combination of market losses, federal and state taxes would leave him with only $35K.

Ouch!

Linky no work! But I would love to read this!

 

[REWahoo]

Fixed it. Sorry 'bout that...

 

[donheff]

Yikes

 

[aja8888]

On the other hand, he also received a $500k lump-sum signing bonus in November. If that went straight into Bitcoin as part of the deal with CashApp, then he's down more than another $200k on that.

And all of that $500k will be taxed at the marginal tax rate.