Grant Williams, a talented power forward drafted by the Celtics in the first round just four years ago, declined to re-sign with Boston this summer. Instead, he’ll be playing next season in Dallas, where his new contract won’t be subject to Massachusetts’ so-called “millionaire’s tax.”
Williams told The Athletic that his decision to sign a $54 million deal with Dallas over a $48 million offer from Boston was “a little strategic” and that the gap between the two offers was larger than it might seem.
“In Boston, it’s…$48 million with the millionaire’s tax, so $54 million in Dallas is really like $58 million in Boston,” Williams said.
[When government sets economic disincentives, no one should be surprised when people respond to them. In the macro sense, that’s why static tax analysis fails. On the personal level, I can’t say that I moved out of Minnesota over its tax burden. I can say, however, that one important criteria for our choice of destination was tax burdens, especially in regard to a state income tax. — Ed]
Join the conversation as a VIP Member