By Jake Lambert
It is being reported that Dwight Howard has decided to leave the Los Angeles Lakers and join the Houston Rockets. It is also being said that had he stayed, he would have earned more money since the Lakers could offer him a maximum 5-year contract worth $118 million while the Houston Rockets can only offer a 4-year contract worth $88 million.
What is rarely being reported is that Dwight Howard will actually earn more money by moving to Texas and will receive a net $2.6 million more after taxes over the next four years. The reason? Texas has no income tax while California has the highest income tax rate in the nation.
Could it then be said that the Lakers are losing arguably the best center in the league because of California’s liberal politicians who keep raising taxes? Yes, probably so.
It used to be that California could attract and keep businesses and the best talent. The Lakers, for instance, could hold onto any star talent that they had because California was the best place to be. Thanks to Sacramento, that does not seem to be the case any more.
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