Myles Garrett Faces $2.9M Tax Hit on $29.2M Bonus

Garrett’s move from Ohio to California will bump his marginal tax rate from 3.125% to 13.3%, meaning he could lose more than 10% of his $29.2 million bonus—about $2.9 million—in taxes. He is exploring ways to have the payment treated as an Ohio transaction to avoid the higher California rate. The Rams may also adjust his contract to close the pay gap with teammate Will Anderson. librea.one