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Started By
Message
Cali taxes cost Giants, Dodgers in Bryce Harper get
Posted on 3/7/19 at 8:17 pm
Posted on 3/7/19 at 8:17 pm
Damn... Ain't states rights and socialism a bitch...
LINK
LINK
quote:
The Giants, for instance, reportedly offered a 12-year, $310 million deal. But the tax rate in California was just too high, Harper’s agent says.
According to the Los Angeles Times, California has the “highest state rate in the nation, topping out at 13.3%.”
But by choosing the Phillies, Harper is saving himself millions.
By contrast, Pennsylvania has a low flat rate for every taxpayer regardless of income. It’s just 3.07%. That’s one reason why superstar slugger Bryce Harper signed an eye-popping 13-year, $330-million contract last week with the Philadelphia Phillies, spurning the Dodgers and Giants.
USA Today baseball reporter, Bob Nightengale, noted that Harper wanted at least $335 million over 12 years from the Giants so that he would not lose so much in taxes.
Scott Boras, Harper’s agent, noted that the difference between the two tax rates is “dramatic.” Boras added, “It could be almost a full year’s compensation.
“The Giants, Dodgers, and Padres are in the worst state income tax jurisdiction in all of baseball,” Boras said. “Players really get hit.”
Posted on 3/7/19 at 8:21 pm to Jack Ruby
The State of California reaps what is sows. And I am a Giants fan...……...
Posted on 3/7/19 at 8:21 pm to Jack Ruby
If you actually believe taxes cost the giants Harper and not the fact that they are about to enter into a 5 year minimum rebuild, or the Dodgers and not the fact that they were never going to offer him more than 4 years
And you get taxed on a per game basis on where you actually play your games so...
And you get taxed on a per game basis on where you actually play your games so...
This post was edited on 3/7/19 at 8:23 pm
Posted on 3/7/19 at 8:22 pm to Jack Ruby
It’s not as black and white as the article makes it seem but it is a significant difference.
Athletes accrue income in each state they play a game in, not their home state.
By being on the Phillies, he locks in 81 home games and another few at Pittsburgh in addition to others in no tax states like Florida.
He still has to pay high income taxes on road trips to LA, San Fran, San Diego, etc, but not as much as if he were based out there.
Athletes accrue income in each state they play a game in, not their home state.
By being on the Phillies, he locks in 81 home games and another few at Pittsburgh in addition to others in no tax states like Florida.
He still has to pay high income taxes on road trips to LA, San Fran, San Diego, etc, but not as much as if he were based out there.
Posted on 3/7/19 at 8:23 pm to WestCoastAg
Do I think it directly cost them Harper? No.
Do I think it made it MUCH easier to walk elsewhere? Damn straight.
Do I think it made it MUCH easier to walk elsewhere? Damn straight.
Posted on 3/7/19 at 8:24 pm to teke184
I dont think it played a role at all
If the giants were still a contender, hed be there. If the Dodgers offered him a 10+ year deal, hed be with us
If the giants were still a contender, hed be there. If the Dodgers offered him a 10+ year deal, hed be with us
Posted on 3/7/19 at 8:24 pm to Jack Ruby
If Harper didn't want to play in SF because of taxes, then frick him. Hope the Phillies enjoy paying him 25 mil when he's 38
Posted on 3/7/19 at 8:29 pm to WestCoastAg
quote:
And you get taxed on a per game basis on where you actually play your games so...
Um...that means 81 home games plus road games in San Diego and San Fran (or LA).
Vs 81 home games at 3% plus division road games in Miami (tax free), Atlanta, and DC and New York (high but nowhere near as bad as California).
Posted on 3/7/19 at 8:29 pm to Jack Ruby
quote:
The Giants, for instance, reportedly offered a 12-year, $310 million deal
quote:
Bryce Harper signed an eye-popping 13-year, $330-million contract last week with the Philadelphia Phillies
I’m gonna bet the Giants offering him less money before taxes was a bigger factor
Posted on 3/7/19 at 8:31 pm to Jack Ruby
If this is the case why didn't he come to a Texas team ?
Posted on 3/7/19 at 8:31 pm to WaltTeevens
I don't blame him. California needs to go away.
Posted on 3/7/19 at 8:32 pm to Bestbank Tiger
And?
Its a lesser tax burden, but it's not like his entire income would be taxed on the 13% if he played in California
What makes more sense, Bryce walking away because he didnt want the tax for an around 80 game difference, so about half his salary, or because he didnt want to tie himself for fewer years and less overall money to begin with to a team that would be entering into a monumental rebuild like the giants are?
Its a lesser tax burden, but it's not like his entire income would be taxed on the 13% if he played in California
What makes more sense, Bryce walking away because he didnt want the tax for an around 80 game difference, so about half his salary, or because he didnt want to tie himself for fewer years and less overall money to begin with to a team that would be entering into a monumental rebuild like the giants are?
This post was edited on 3/7/19 at 8:34 pm
Posted on 3/7/19 at 8:36 pm to The Torch
quote:
If this is the case why didn't he come to a Texas team ?
....because they weren’t offering him anywhere close to 300+ million
Posted on 3/7/19 at 8:37 pm to The Torch
quote:
If this is the case why didn't he come to a Texas team ?
Texas wasn’t gonna pay anywhere close to that. We have a stacked outfield in the minors and too many LH bats and are in a rebuild.
I’m assuming Houston didn’t want to pay either seeing as they are about to have to pay several key players in the upcoming years.
Posted on 3/7/19 at 8:45 pm to Jack Ruby
Yet another reason Lebron is a huge dumbass
Posted on 3/7/19 at 8:46 pm to WestCoastAg
That's still a hell of a lot of money. It's 10% more for 50% of the year. Let's just call it 15 million more in taxes. Not to mention all the division games in Cali.
Posted on 3/7/19 at 8:50 pm to Barstools
That's 15 million over 13 years. That's real money. I'm not trying to act like not. But I have a hard time believing that somewhere between 1 and 1.5 million per year, just guestimating when considering the extra divisional games and games with the As and the games the Phillies play in California every year, actually stopped him from signing with the giants. It probably made it easier for him to turn them down, but I'd be surprised if he was interested in them to begin with.
If the Dodgers offered him the same deal that the Phillies offered, I feel confident hed be with the Dodgers, considering the tax
If the Dodgers offered him the same deal that the Phillies offered, I feel confident hed be with the Dodgers, considering the tax
This post was edited on 3/7/19 at 8:52 pm
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