"California State Controller Urges Congressional Action on Sports Deferral Tax Loopholes"
California State Controller Malia M. Cohen has called on Congress to address the tax implications of Shohei Ohtani's deferred $680 million contract with the Los Angeles Dodgers, expressing concern that it could allow Ohtani to avoid paying taxes on a significant portion of his earnings. Cohen emphasized the need for limits on deductions and exemptions for high-income earners to promote social responsibility and create a more equitable tax system. Despite being a San Francisco Giants fan, Cohen's stance is focused on addressing issues of inequality moving forward. Additionally, the Dodgers and Ohtani have donated $1 million to support relief efforts after the recent earthquake in Japan.
