Rumor has it that America’s income tax system is about to get a shake-up. And no, it’s not a magic trick—it’s allegedly all part of President Donald Trump’s big plan to put more money in citizens’ pockets. Guess who’s likely to feel the biggest boost? The Big Four—NBA, NFL, MLB, and NHL of course! But here’s the twist: Caitlin Clark and Angel Reese, two rising stars of the WNBA, might just be in for a game-changing surprise too. What could this mean for their bank accounts?
During his election campaigns, the Republican candidate Donald Trump said he’d do away with the federal income tax. The White House may seriously consider this idea. It could add more money to citizens’ bank accounts. Andrew Petcash reports suggest LeBron James could save up to $19.2 million. This is the amount he gives up to taxes at 39.6%. Well, this also means, not just Bron, but other star athletes would also benefit from the tax removal idea.
Pro athletes will become A LOT richer if President Trump removes the federal income tax: pic.twitter.com/TIBlqYwTf6
— Andrew Petcash (@AndrewPetcash) November 12, 2024
Caitlin Clark, the Indiana Fever star, earned $76,535 in 2024 and will receive up to $97,582 in the final year of her four-year, $330K deal. At just 22, she has also secured a massive $28 million, 8-year contract with Nike, making her one of Cathy Engelbert’s most valuable assets. Also because Clark boosts the WNBA viewership! So, if the federal income tax is eliminated, she will keep every penny of her hard-earned money. And the only dimes that get away from her will be to her Fever teammates.
The Chicago Sky superstar, Angel Reese will also experience the same benefits as her archnemesis Caitlin Clark. This means her approximated $75K annual salary and all the brand endorsements and deals will sum up to a big chunk of money and proudly reflect in her bank account. Well, the good news is not just the NBA but the WNBA stars and the league as a whole will benefit from President Trump’s grand scheme.
Recently, reports suggested that Caitlin Clark loses somewhere around $22.5 K as income tax. This sum includes the federal tax, Indiana state income tax, and so on. This means she takes home $58.9 K out of her $76 K salary. Amidst the tax deductions, the No. 22’s endorsement deals are estimated to be worth $3.1 million. Thus, if Trump’s new tax policies come into being, the Indiana Fever guard could save the $22.5 K she gives up, and also keep the ‘surplus’ to herself.
Donald Trump suggested replacing income taxes with high tariffs on imported goods to fund the government. This change could mean more money for pro athletes and sports leagues. Estimates show the NFL could save $2.9 billion, the NBA $1.9 billion, MLB $1.1 billion, and the NHL $888 million. Simply put, the President’s decisive stance will make Caitlin Clark 22K dollars richer!
USA Today via Reuters
Trump’s tax plan could flip the game for athletes like Caitlin Clark and Angel Reese. No income tax means every dollar stays in their pockets, from salaries to massive endorsement deals. Clark could save $22K, while leagues rake in billions. The Big Four may rejoice, but this policy could make WNBA stars even bigger winners. More money, bigger moves—game on!