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re: $30 mil/yr and no state income tax after $15-$20 mil in Mass.
Posted on 3/17/20 at 6:15 pm to wildtigercat93
Posted on 3/17/20 at 6:15 pm to wildtigercat93
He still plays 8 games/yr in Florida vs. 8-10 games per yr in Mass. That's still a saving of millions.
3
Posted on 3/18/20 at 3:53 am 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.
5.5% (MA state income tax rate) of 15 million dollars is $825,000. A lot of money to you and me but barely a drop in the bucket to Brady.
Posted on 3/18/20 at 7:11 am 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
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.
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
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