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Pharmacy Choice - Pharmaceutical News - Findings from Fordham University Broaden Understanding of Medicare and Medicaid - November 22, 2017

Pharmacy News Article

 7/22/13 - Findings from Fordham University Broaden Understanding of Medicare and Medicaid

By a News Reporter-Staff News Editor at Managed Care Weekly Digest Investigators publish new report on Medicare and Medicaid. According to news originating from New York City, New York, by NewsRx editors, the research stated, "This paper derives equivalent gross salary for Major League Baseball free agents weighing offers from teams based in states with different income tax rates. After discussing tax law applicable to professional sports teams' players, including 'jock taxes' and the interrelationship of state and federal taxes, this paper builds several models to determine equivalent salary."

Our news journalists obtained a quote from the research from Fordham University, "A base-case derivation, oversimplified by ignoring nonsalary income and Medicare tax, demonstrates that salary adjustment from a more tax expensive state's team requires solely a state (but not federal) tax gross-up. Subsequent derivations, introducing nonsalary income and Medicare tax, demonstrate full Medicare but small federal tax gross-ups are also required. This paper applies the model to equalize salary offers from two teams in different states in a highly stylized example approximating the 2010 free agency of pitcher Cliff Lee."

According to the news editors, the research concluded: "Aspects of the models may also be used to inform other sports' players of their after-tax income if salary caps limit the ability to receive adequately grossed-up salaries."

For more information on this research see: Salary Equalization for Baseball Free Agents Confronting Different State Tax Regimes. Journal of Sport Management, 2013;27(3):247-258. Journal of Sport Management can be contacted at: Human Kinetics Publ Inc, 1607 N Market St, PO Box 5076, Champaign, IL 61820-2200, USA (see also Medicare and Medicaid).

The news correspondents report that additional information may be obtained from S. Vellotis, Fordham University, Dept. of Accounting & Taxat, New York, NY 10023, United States.

Keywords for this news article include: New York City, United States, Health Policy, Medicare and Medicaid, North and Central America,

Our reports deliver fact-based news of research and discoveries from around the world. Copyright 2013, NewsRx LLC

(c) 2013 Managed Care Weekly Digest via

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