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Started By
Message
re: 2013 MLB Draft Thread: Eades Selected in Rd 2
Posted on 6/7/13 at 12:11 pm to 81Tiger
Posted on 6/7/13 at 12:11 pm to 81Tiger
quote:
PurpleAndGold86 - Taxes don't take 50% lol.
quote:
I am not a CPA but I did stay at a Holiday Inn Express:
$1,050,000 salary - $370,000 federal taxes, $41,000 state taxes, $30,000 social security taxes, and $52,500 agent fee(5%?) = $556,500.
53% net.
BOOM. lol
This post was edited on 6/7/13 at 12:13 pm
1
Posted on 6/7/13 at 12:16 pm to TheEye
Ivan Wilson from Ruston HS taken in early 3rd round
Was he committed anywhere?
Stuart Turner also got selected shortly after him, damn I wish we grabbed him (no offense to Ross).
Was he committed anywhere?
Stuart Turner also got selected shortly after him, damn I wish we grabbed him (no offense to Ross).
This post was edited on 6/7/13 at 12:18 pm
Posted on 6/7/13 at 12:27 pm to thunderbird1100
JaCoby Jones to the Pirates at 87 overall
Posted on 6/7/13 at 12:29 pm to thunderbird1100
They labeled him as a centerfielder.
Posted on 6/7/13 at 12:31 pm to Choupique19
Cord Sandberg drafted 89th overall, Mississippi State football commit
Posted on 6/7/13 at 12:36 pm to thunderbird1100
The BYU kid that was taken in Round 3 was 1-9 with 3 Ks against LSU in 2 games.
Posted on 6/7/13 at 1:03 pm to 81Tiger
quote:
I am not a CPA but I did stay at a Holiday Inn Express: $1,050,000 salary - $370,000 federal taxes, $41,000 state taxes, $30,000 social security taxes, and $52,500 agent fee(5%?) = $556,500. 53% net.
+ new 3.8% Obamacare tax
Posted on 6/7/13 at 1:09 pm to ProjectP2294
I'm a bit surprised that Zane Sullivan is still on the board.
Posted on 6/7/13 at 1:12 pm to thunderbird1100
quote:
JaCoby Jones to the Pirates at 87 overall
Posted on 6/7/13 at 1:12 pm to 81Tiger
quote:
I am not a CPA
Well I am.
quote:
$370,000 federal taxes
It is impossible for you to actually calculate this, given he will have deductions for the year and you have no idea what those will look like for his personal situation.
quote:
$41,000 state taxes
I'm going to go ahead and assume you calculated Louisiana state taxes on this. That would be incorrect because he isn't earning the income in the state of Louisiana.
quote:
$30,000 social security taxes
Social Security is taxed at 6.2% UP to 113,700 in 2013. Therefore, he would not pay anywhere near 30,000 in SS taxes. Still wouldn't pay that much if you include Medicare taxes in this amount.
quote:
$52,500 agent fee(5%?)
Agents don't typically take 5%. In the NFL they aren't allowed to take more than 3% and in the NBA they can't take more than 4% in commissions on player contracts. Scott Boras is the highest paid agent in baseball and averages 4.5%
Oops
Posted on 6/7/13 at 1:22 pm to tadelatt
Mason just went.
Congrats to him, he went way earlier than expected!
Congrats to him, he went way earlier than expected!
Posted on 6/7/13 at 1:25 pm to Adam4848
Posted on 6/7/13 at 1:25 pm to Adam4848
Guess they figure they can save pool money on him and use it for some of their other draft picks.
Posted on 6/7/13 at 1:37 pm to tadelatt
OP needs to update this thread with Katz's pick
Posted on 6/7/13 at 1:42 pm to Harry Caray
quote:This.
OP needs to update this thread with Katz's pick
Posted on 6/7/13 at 1:44 pm to 81Tiger
quote:
$30,000 social security taxes
only off by about $23,000
Posted on 6/7/13 at 1:45 pm to Dro
Mason and Jacoby picks need to be added.
And how come this isn't stickied?
And how come this isn't stickied?
Posted on 6/7/13 at 1:46 pm to Harry Caray
And Jacoby's pick which happened earlier.
Posted on 6/7/13 at 1:47 pm to Harry Caray
quote:
OP needs to update this thread with Katz's pick
Anybody seen tad around today? He's probably comatose after watching the tectonic pace of the first two rounds last night.
Posted on 6/7/13 at 1:47 pm to tjtiger9
quote:
And how come this isn't stickied?
this is probably why... not updated
quote:
Mason and Jacoby picks need to be added.
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