LeBron James had a vastly higher tax rate than Los Angeles Clippers owner Steve Ballmer.
According to an investigation released Thursday by ProPublica, James' tax rate on his 2018 income was nearly triple that of Ballmer’s despite making 19% of what Ballmer made that same year.
James reported $124 million in income three years ago and paid a federal tax rate of 35.9%. Ballmer, the former Microsoft CEO, told the IRS that he made $656 million. He paid $78 million in federal taxes, a rate of 12%.
James, meanwhile, paid over $44 million in taxes on reported income that was $532 million less than Ballmer's reported income.