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Started By
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re: $30 mil/yr and no state income tax after $15-$20 mil in Mass.
Posted on 3/18/20 at 4:45 pm to SavageOrangeJug
Posted on 3/18/20 at 4:45 pm to SavageOrangeJug
quote:
Tennessee has no state income tax on a paycheck no matter how much you make.
That 2% it is showing is only on interest and dividend income.
it states that on the bottom
0
Posted on 3/18/20 at 4:48 pm to Tigeralum2008
quote:
Why is the tax system set up that way for athletes? If my employer sends me to eight different states to perform work, I don’t have to file in all of those locations.
Then you don’t make enough to have to or you don’t work there long enough. I had to file in 6 states a few years ago
Posted on 3/18/20 at 4:52 pm to LStU
quote:
NYC has a city income tax.
Only for residents.
Posted on 3/18/20 at 5:10 pm to Jack Ruby
quote:
He still plays 8 games/yr in Florida vs. 8-10 games per yr in Mass. That's still a saving of millions.
How much do you think state income taxes are exactly? It’s 5.05% in MA, which means he’s saving about 2.5% by living in Florida because half of his games will be in states other than FL unless they play Miami or Jacksonville. For a savings of “millions” he would have to sign a contract with about $80 million, which isn’t going to happen.
This post was edited on 3/18/20 at 5:14 pm
Posted on 3/18/20 at 5:19 pm to wildtigercat93
quote:
Y’all really gotta figure out how these state taxes work for sports
In 2019, he played 2 games in states without state income tax.
In 2020, he'll play at least 8.
Posted on 3/18/20 at 10:33 pm to Tigeralum2008
quote:quote:
He still plays 8 games/yr in Florida vs. 8-10 games per yr in Mass. That's still a saving of millions
Why is the tax system set up that way for athletes? If my employer sends me to eight different states to perform work, I don’t have to file in all of those locations.
Depends on the state, have you ever worked in New Mexico? They require your employer to pay them the state withholding for any time you work within the state. And they are very aggressive about pursuing that. Your employer may try and skirt that with them but that could end up biting them in the butt. Many states have a minimum dollar value which athletes will always meet but you may not.
Posted on 3/19/20 at 12:48 am to Jack Ruby
quote:
Brady gonna see that first game check and say, "I should have done this 10 years ago."
Yeah, I’m sure he really regrets his life decisions.
Posted on 3/19/20 at 4:53 am to BeepNode
Not directed at you personally. This thread lacks an appreciation for the value of money. The more you make the more you want to make. It’s never enough. No one ever thinks I make enough money. Also, I don’t care how much you make, 10k is something anyone would care about saving if they could much less 1 million in taxes. Thirdly, Brady no doubt is making this move over money. So to act like Brady doesn’t care about money, has enough money, or is unconcerned about money is ridiculous. Finally, other than records, earnings is a measure of worth. Brady has been under valued by the Pats. He wants to be valued more highly by his team. It is about money, it’s all about the money.
Posted on 3/19/20 at 10:26 am to TigerintheNO
California %13.3
WTF!
WTF!
Posted on 3/19/20 at 10:29 am to JohnnyRebel
quote:
College Station isn’t that bad either, only an hour from Austin.
more like 2
This post was edited on 3/19/20 at 10:31 am
Posted on 3/19/20 at 10:33 am to rebeloke
If NE offered him 30m a year he’d chose NE over TB
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