Patrick Mahomes signed a record-breaking 10 year deal with the KC Chiefs worth $503 million dollars. Let's say he divides this income equally over the 10 years to receive it as taxable income. (Now, in reality, most players defer their earnings over more years than their contract to avoid high income taxes and secure an income in the future if they are injured, but let's just say he will take the entire amount over 10 years...) Let's also assume with the standard deduction and personal exemptions and charitable donations he can reduce his taxable income to $40 million for the 2020 tax year. Let's assume he is single for the 2020 tax year. How much does he owe Uncle Sam for his 2020 income taxes? Taxable Income: $40,000,000

10%	Up to $9,875
12%	$9,876 to $40,125
22%	$40,126 to $85,525
24%	$85,526 to $163,300
32%	$163,301 to $207,350
35%	$207,351 to $518,400
37%	$518,401 or more