Luxury tax payments* by Major League Baseball teams from 2003 to 2016 (in million U.S. dollars)

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Luxury tax paid in million U.S. dollars
200311.8
200430
200538.1
200626.5
200729.9
200828.2
200925.7
201019.5
201117.3
201219.3
201339.4
201444.92
201572.8
201674

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Description Source More information
The statistic depicts the luxury tax* paid by Major League Baseball teams from 2003 to 2016. The luxury tax is officially known as Competitive Balance Tax (CBT). In 2003, a total of 11.8 million U.S. dollars were paid as luxury taxes in Major League Baseball.
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Release date
December 2016
Region
Canada, United States
Survey time period
2003 to 2016
Supplementary notes
*According to the source, the luxury tax in baseball is a tax on payrolls above a specific threshold each year. Tax money is used to fund player benefits and MLB's Industry Growth Fund.

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