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The Boston Globe


Eye on ’13 tax bite, high earners seek to move up pay dates

As he mulled a $39 million contract ­offer from the Red Sox in recent days, Mike Napoli took a hard look at the team’s clubhouse, where dysfunction reigned last season. The first baseman also kept an eye on the White House, where President Obama is advocating higher tax rates next year for big earners.

For people in Napoli’s tax bracket, the federal income tax rate is scheduled to rise from 35 percent to 39.6 percent on Jan. 1. The rate increase is not certain to occur — Republicans and Democrats are still wrangling over how to reduce the federal deficit — but the prospect of higher taxes is driving people due hefty payouts next year, from athletes to investors, to try to collect some of that money this year.

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