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Started By
Message
re: Steph Curry takes home only 44% of his $34.6m salary
Posted on 5/15/19 at 10:37 pm to PEPE
Posted on 5/15/19 at 10:37 pm to PEPE
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?
1
Posted on 5/15/19 at 10:49 pm to jj06
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. ??
Posted on 5/16/19 at 12:32 am to PT24-7
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.
Posted on 5/16/19 at 12:34 am to CaptainBrannigan
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.
Posted on 5/16/19 at 12:36 am to lsupride87
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 5/16/19 at 12:37 am
Posted on 5/16/19 at 12:43 am to sms151t
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 5/16/19 at 12:44 am
Posted on 5/16/19 at 12:48 am to Weagle25
I believe he pays the rate of each state. This has been discussed ad nauseun.
Posted on 5/16/19 at 5:38 am to RedRifle
Doesn’t include his Child Support.
Posted on 5/16/19 at 6:04 am to RedRifle
Good. His tax rate you should be higher.
Posted on 5/16/19 at 6:17 am to FightnBobLafollette
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)
Posted on 5/16/19 at 6:53 am to Weagle25
Here’s a link with a very simplistic breakdown
LINK
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.
Posted on 5/16/19 at 7:17 am to Tiger Prawn
quote:
Only $18K into his 401K? Those are rookie numbers
Well this guy outed himself as poors
Posted on 5/16/19 at 7:45 am to lsupride87
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?
Posted on 5/16/19 at 7:51 am to RedRifle
I need to become a high end sports agent.
Hell, a middle of the pack sports agent still makes bank.
Hell, a middle of the pack sports agent still makes bank.
Posted on 5/16/19 at 7:53 am to 0
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
Posted on 5/16/19 at 8:12 am to RedRifle
Paying an agent is just so stupid.
Posted on 5/16/19 at 8:16 am to RedRifle
Why does escrow take such a large chunk?
Posted on 5/16/19 at 8:17 am to kywildcatfanone
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.
Posted on 5/16/19 at 8:27 am to RedRifle
Yeah, but the exposure he receives from playing in the bay area exceeds the taxes he pays. Ask Tim Duncan.
Posted on 5/16/19 at 8:42 am to AUCE05
Lebron had no problem with getting exposure in Cleveland
This post was edited on 5/16/19 at 8:45 am
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