Saturday,Nov 03,2007
Reflections on Chinua Achebe
About two decades have now passed since I first experienced the full extent of Chinua’s stratospheric ranking.... By Chike Momah
Saturday,Nov 03,2007
Chinua Achebe and Things Fall Apart – Fifty Years Later
On Friday 16 November 2007, along with our spouses, we will be privileged to join a select group of friends, admire.... By Oseloka Obaze and Chike Momah
Sunday,Jun 10,2007
BLACK PORTRAITURE IN HOLLYWOOD
The 1950s and 60s ushered in a new era of awareness for Blacks in America as such inspirational speakers and .... By Richard Robinson (Part 4)
Wednesday,Apr 04,2007
Amazing Grace
I went to see Amazing Grace the other day & thoroughly enjoyed it. As an African, I thoug.... By Irene Ngowi
Tuesday,May 02,2006
Kwame Nkrumah: Still Remembered 34 Years On
Most of us come to this world and go without anyone remembering us after a few years, save a few close relatives an.... By Issaka K. Souaré
Friday,Mar 03,2006
RHETORICS OF VIOLENCE IN ALEX LA GUMA’S NOVELS
Introduction In literature, violence has not always been portrayed physically or starkly especially in classic.... By Dr Blessing Diala-Ogamba
Thursday,Dec 29,2005
Book Presentation: twentytwelve (fiction)
The year is 2012. The global conflict that first manifested itself in the attack on the twin towers and broadened a.... By Andrew keogh
Players in the NBA are among the highest paid professionals in the United States. I compiled and computed salary figures from USA Today for 423 (98.4%) of the total 430 players. Of the 423 players, their total salary for the 2005-2006 season was $1.651 billion. Of the $1.651 billion, $1.301 billion (78.8%) was earned by 322 Black players and $350.15 million (21.2%) was earned by 101 non-Black players. For 99 White players, their total earnings was $344 million (20.8%), and the two North East Asian players earned a combined $6.233 million.
The average salary of all of the 423 players was $3,903,616. For 322 Black players it was $4,040,633 and $3,466,792 for the 101 non-Black players.
Of the 423 players, 123 (29.1%) earned $5 million or more. There were 101 Black players (23.9% of 423 players, but 31.4% of 322 Black players) who earned $5 million or more. There were 22 non-Black players (5.2% of 423 players, but 21.8% of 101 non-Black players) who earned $5 million or more. There were 21 White players (5% of 423 players, but 21.2% of 99 White players) who earned $5 million or more.
There were 40 players (9.5% of all 423 players) who earned $10 million or more. There were 35 Black players (8.3% of 423 players, but 10.9% of 322 Black players) who earned $10 million or more. There were 5 non-Black players (1.2% of 423 players, but 5% of all non-Black players) who earned $10 million or more. There were 4 White players (0.0094% of 423 players, but 4% of 99 White players) who earned $10 million or more.
Almost 3 out of every 4 players earned $1 million or more. Of the 423 players, 315 (74.5%) earned $1 million or more. A total of 236 Black players (55.8% of 423 players, but 73.3% of 322 Black players) earned $1 million or more. A total of 79 non-Black players (18.7% of 423 players, but 78.2% of 101 non-Black players) earned $1 million or more.
Finally, it is useful to note that NBA players are important tax payers. For example, I utilized Internal Revenue Service (IRS) tax information in 2006 to determine the tax bracket for NBA players. All of the NBA players were in the 35% federal tax bracket. This means that for the $1.651 billion, their total federal tax could have been $577 million. For the $1.301 billion earned by the 322 Black players, they could have paid $455 million in federal taxes. For the $350.15 million earned by the 101 non-Black players, they could have paid $122.5 million in taxes.
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