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jj06
Atlanta Falcons Fan
atlanta..God’s city
Member since Jul 2013
2219 posts

re: Steph Curry takes home only 44% of his $34.6m salary
quote:

I'm not sure if Curry actually votes, but if he does I can guarantee you he votes for the very politicians that make him pay that much.


Like how people who aren’t wealthy vote for republicans?


FightnBobLafollette
Wisconsin Fan
Member since Oct 2017
6723 posts

re: Steph Curry takes home only 44% of his $34.6m salary
quote:

Like how people who aren’t wealthy vote for republican


Stated this earlier. Never gets addressed.

It’s like they can’t comprjednd that there are many factors.

If the taxes were exactly the same for both parties I imagine all the evangelicals would suddenly vote Dem. ??


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23
AlonsoWDC
Memphis Fan
Memphis, where it ain't Ten-a-Key
Member since Aug 2014
5229 posts

re: Steph Curry takes home only 44% of his $34.6m salary
quote:

I’ll never understand how he owes the government 15 million dollars bc he’s great at basketball.


I'll never understand how he isn't allowed to have political or social opinions because he's great at basketball.

Bet you want it both ways.


Weagle25
Auburn Fan
THE Football State.
Member since Oct 2011
37377 posts

re: Steph Curry takes home only 44% of his $34.6m salary
quote:

He obviously needs a tax cut because he is a Job creator.



If you’re talking about the pass-through deduction that everybody was in an uproar about, Curry did not get it at least for his NBA salary. Media jumped the gun big time because the don’t know the process.


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Weagle25
Auburn Fan
THE Football State.
Member since Oct 2011
37377 posts

re: Steph Curry takes home only 44% of his $34.6m salary
quote:

They fricked up the state and local taxes

THey assumed he played all 82 games in Cali



If CA law works like AL law and US law then he’s gonna pay the difference of those other states rates and CA’s rate to CA.

So he’ll end up paying CA’s rate
This post was edited on 5/16 at 12:37 am


EarlyCuyler3
Alabama Fan
Appalachia
Member since Nov 2017
4269 posts

re: Steph Curry takes home only 44% of his $34.6m salary
quote:

Guess that’s what he gets for playing in Cali. I mean it’s not like he didn’t know.


Yeah? He should have just not gotten drafted there right? I swear, I wonder how some of the people on this board dont drown while they're taking a shower. :rollseyes:
This post was edited on 5/16 at 12:44 am


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01
FightnBobLafollette
Wisconsin Fan
Member since Oct 2017
6723 posts

re: Steph Curry takes home only 44% of his $34.6m salary
I believe he pays the rate of each state. This has been discussed ad nauseun.


El Campo Tiger
Houston Astros Fan
El Campo, TX
Member since Mar 2015
8457 posts

re: Steph Curry takes home only 44% of his $34.6m salary
Doesn’t include his Child Support.


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10
crazyLSUstudent
LSU Fan
391 miles away from Tiger Stadium
Member since Mar 2012
2741 posts

re: Steph Curry takes home only 44% of his $34.6m salary
Good. His tax rate you should be higher.


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03
Weagle25
Auburn Fan
THE Football State.
Member since Oct 2011
37377 posts

re: Steph Curry takes home only 44% of his $34.6m salary
quote:

I believe he pays the rate of each state. This has been discussed ad nauseun.

I know that’s what people say but that’s usually not how it works. He pays the rate of each state to that state then pays the difference to CA. (Depending on CA’s laws)


Weagle25
Auburn Fan
THE Football State.
Member since Oct 2011
37377 posts

re: Steph Curry takes home only 44% of his $34.6m salary
Here’s a link with a very simplistic breakdown

LINK

quote:

Athletes file taxes not only in their home state but also in every state—and some cities—in which they play. Not every state uses the same calculation to determine what portion of an athlete’s income to tax, and some use different calculations based on the sport.


quote:

The most important issue for an athlete is domicile. This is where a person lives and plans on living into the future. A person can have only one domicile at a given time, and it remains that place until domicile is established somewhere else. Establishing domicile in a low- or no-tax state can save an athlete thousands in taxes by sheltering their endorsement and investment income in a lower tax jurisdiction than where their team is located.

quote:

Being statutory resident means that the person must report all income on that state’s tax return.


quote:

Taxpayers generally receive credits for taxes paid in other states. Usually, credits are taken on a taxpayer’s home-state return.


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thunderbird1100
LSU Fan
GSU Eagles fan
Member since Oct 2007
57301 posts
 Online 

re: Steph Curry takes home only 44% of his $34.6m salary
quote:

Only $18K into his 401K? Those are rookie numbers



Well this guy outed himself as poors


0
Illinois Fan
Member since Aug 2011
10314 posts

re: Steph Curry takes home only 44% of his $34.6m salary
quote:

They fricked up the state and local taxes THey assumed he played all 82 games in Cali


So how does that work? His employer is in California but since he travels to, let’s just say Minnesota, he now had to pay state taxes on that game check in MN?


TigerFanInSouthland
LSU Fan
Louisiana
Member since Aug 2012
22976 posts

re: Steph Curry takes home only 44% of his $34.6m salary
I need to become a high end sports agent.

Hell, a middle of the pack sports agent still makes bank.


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SDVTiger
Hawaii Fan
Off the Wall
Member since Nov 2011
35747 posts
 Online 

re: Steph Curry takes home only 44% of his $34.6m salary
quote:

His employer is in California but since he travels to, let’s just say Minnesota, he now had to pay state taxes on that game check in MN?


He pays the tax in each state he plays games in. MLB pays out the full contract in 6mnths I assume NBA is similar. I would be surprised if he claims CA as his residency tho


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kywildcatfanone
Kentucky Fan
Wildcat Country!
Member since Oct 2012
62762 posts

re: Steph Curry takes home only 44% of his $34.6m salary
Paying an agent is just so stupid.


Oilfieldbiology
LSU Fan
Member since Nov 2016
8121 posts

re: Steph Curry takes home only 44% of his $34.6m salary
Why does escrow take such a large chunk?


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wildtigercat93
Kansas Fan
Member since Jul 2011
90157 posts

re: Steph Curry takes home only 44% of his $34.6m salary
quote:

Paying an agent is just so stupid


Most these dudes spent a half a semester in college and have never had much money in their life

You want them to go into negotiations against a team of expert lawyers and team personnel to try to get the best contract?

In this scenario it’s a little less necessary given the tight parameters the NBA has on max deals, but this isn’t Stephs first contract and he didn’t look like a max contract player when he signed his first two contracts.

The NFL has had a couple of dudes like Sherman cut out the agent, and the result has been them taking these fake high numbers that makes it easier for them to get cut because they can’t see the big picture.


AUCE05
Atlanta Braves Fan
Member since Dec 2009
28985 posts

re: Steph Curry takes home only 44% of his $34.6m salary
Yeah, but the exposure he receives from playing in the bay area exceeds the taxes he pays. Ask Tim Duncan.


LNCHBOX
LSU Fan
70001
Member since Jun 2009
55606 posts
 Online 

re: Steph Curry takes home only 44% of his $34.6m salary
Lebron had no problem with getting exposure in Cleveland
This post was edited on 5/16 at 8:45 am


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