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re: When $35M is really $15M: How much NBA stars actually earn

Posted on 9/19/17 at 6:58 pm to
Posted by Giant Leaf
On Leaf
Member since Nov 2015
4229 posts
Posted on 9/19/17 at 6:58 pm to
quote:

Why on earth do these guys owm homes in states where they don't pay state income tax?
Is the smarter angle not to simply RENT, put the money you would pay in property taxes in a fund & watch it grow. Then buy once your playing time & massive paychecks stop rolling in?

It's not THAT hard to save money...


Because for 15 million dollars you can live in a large house anywhere in the country for the rest of your life

Their problem isnt scraping up the minimal savings from renting. Its buying $50,000 fur coats they wear one time and are then worthless
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