The newly-crowned NFL MVP Cam Newton isn't hurting for money after inking a long-term extension early in June. But any extra cash he was hoping to pocket from appearing in the Super Bowl is likely to be eaten up by California's taxes, according to Forbes.com.
"The result: Newton will pay California 99.6% of his Super Bowl earnings if the Panthers win. Losing means his effective tax rate will be a whopping 198.8%. Oh yeah, he will also pay the IRS 40.5% on his earnings."
We've got a feeling Newton won't mind paying all and more of his Super Bowl earning if he had to if it means winning Super Bowl 50.
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