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Simple Deduction
Edited by Richard O'Brien
December 07, 1992
On the campaign trail Bill Clinton voiced support for eliminating corporate tax deductions for salaries of more than $1 million paid to employees. It is uncertain if such a proposal will now become law, or, if so, whether it would apply to professional sports teams owned by corporations. If it did, clubs like the Chicago Cubs (Tribune Co.) and the New York Knicks (Paramount Communications) could lose write-offs totaling millions on such stars as the Cubs' Ryne Sandberg (above), who commands a salary of $7 million a year, and the Knicks' Patrick Ewing, who makes $3.1 million.
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December 07, 1992

Simple Deduction

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On the campaign trail Bill Clinton voiced support for eliminating corporate tax deductions for salaries of more than $1 million paid to employees. It is uncertain if such a proposal will now become law, or, if so, whether it would apply to professional sports teams owned by corporations. If it did, clubs like the Chicago Cubs ( Tribune Co.) and the New York Knicks (Paramount Communications) could lose write-offs totaling millions on such stars as the Cubs' Ryne Sandberg (above), who commands a salary of $7 million a year, and the Knicks' Patrick Ewing, who makes $3.1 million.

A fearless prediction: Given fan complaints about overpaid athletes, a groundswell of public support for excluding jocks from such a measure isn't very likely.

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