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TeachMeFinance.com
/ Sports Finance
/ Chin-Lung Hu Baseball Salary 2011
Chin-Lung Hu Baseball Salary 2011
In 2011, Chin-Lung Hu reportedly earned $420,000 playing a shortstop for New York Mets. Among the 27 players on the New York Mets his salary ranks him as the 22nd highest-paid player.The total team payroll for New York Mets was $118,847,309. His salary represents 0.4% of that total payroll.For further comparison, the team's average salary was $4,401,752 and the median salary was $900,000. In 2011, there were reportedly 47 men playing the position of shortstop. The average shortstop earned $2,852,726 in 2011, so Chin-Lung Hu's salary ranks him as 38th among these 47 players.
Don't forget about taxes. Having a salary of $420,000 we can estimate that he would have to hand over $122,284 in federal income taxes. For comparison, that is about the same amount of tax as the tax paid by 15 median high school teachers, 17 median police officers, or 24 median fire fighters. After paying the federal government, he would have $297,716 left over. However, he may still need to use some of that money to pay state or city taxes as well.
Copyright © 2011 by Mark McCracken, All Rights Reserved.
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