Rising valuations and growing opportunities for media rights and sponsorships make professional sports teams an attractive bet. However, data on how these investments will work in the long term remains scarce.
New IRS data show the state’s share of US taxpayers making $1 million or more rose from 2019 to 2021. The same can’t be said of Florida, Texas and New York.
The agency this week is sending letters to target 125,000 cases of taxpayers with incomes of more than $400,000 who didn’t file returns between the years 2017 and 2021.