Tag Archives: Luxury Tax

Yankees hit with $28 Million luxury tax bill

The New York Yankees were hit with a $28 Million luxury tax bill, making their total past $250 Million since the penalty came into play in 2003. There was only one other team that had to pay a luxury tax for the 2013 season and that was the Los Angeles Dodgers who must pay $11.4 Million. ...

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Yankees hit with a $18.9 million luxury tax bill

luxury-tax

The Yankees are working to get to a $189 million budget for 2014, but they certainly weren't cutting costs last year as they were hit with a $18.9 million luxury tax bill on a $222.5 million payroll, according to an Associated Press report. The Yankees were charged a 42.5 percent tax on everything over the $178 ...

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