Kevin Durant was recently looking for a new contract. He wanted to leave Golden State to live either in Chicago (Bulls) or New York (Nets). Assume that New York and Chicago have the same amenities and perks and expected wins. Assume the combined federal, state, local tax rate in New York is 52% and 49% in Chicago. Let's say that Chicago offered him $14 million per year and New York offered him $16 million per year, and both contracts are for 5 years. Based solely on this information, and assuming Durant only cared about take-home income, which city should he choose to play and live in and why? O New York, because he would make $2 million more per year before taxes. O Chicago, because he would make $540,000 more per year after taxes. O New York, because he would make $540,000 more per year after taxes. O Chicago, because he would make $540,000 more per year before taxes. None of the above