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From 2022 onwards, at least one team surpassed the tax threshold each year. 2023 saw a then-record-breaking eight teams exceed the luxury tax threshold, [15] which was then surpassed the following year when nine teams exceeded the luxury tax. [16] Below is a breakdown of how much each team paid during the 2022 through 2024 seasons. [17]
The CHIPS and Science Act is a U.S. federal statute enacted by the 117th United States Congress and signed into law by President Joe Biden on August 9, 2022. The act authorizes roughly $280 billion in new funding to boost domestic research and manufacturing of semiconductors in the United States, for which it appropriates $52.7 billion.
In addition to the $13 billion purchase, the Iraqis also requested 18 F-16 Fighting Falcons as part of a $4.2 billion program that also included aircraft training and maintenance, AIM‑9 Sidewinder air-to-air missiles, laser-guided bombs and reconnaissance equipment. [340]