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re: Anyone care to shed some light on how athletes are paid/how their contracts work?

Posted on 6/14/18 at 6:30 pm to
Posted by TH03
Mogadishu
Member since Dec 2008
172004 posts
Posted on 6/14/18 at 6:30 pm to
Team pays for a lot of expenses on top of what they pay you.
Posted by Mingo Was His NameO
Brooklyn
Member since Mar 2016
37536 posts
Posted on 6/14/18 at 6:33 pm to
quote:

TX has an enormous property tax. So tack that onto a 3 million dollar home and it evens out pretty quick


The property tax rate on average is actually comparable to most of the other NFL cities like DC, LA, Seattle, San Fran, NYC burbs.

It's also a much more elective tax. You can rent and then your property tax bill is exactly 0
This post was edited on 6/14/18 at 6:34 pm
Posted by Tigerfan56
Member since May 2010
10526 posts
Posted on 6/14/18 at 7:00 pm to
quote:

That has to suck for the person filing taxes in all those states


As a CPA in public accounting who has prepared returns for professional athletes, can confirm
Posted by tigercross
Member since Feb 2008
5075 posts
Posted on 6/14/18 at 7:09 pm to
quote:

Texas is massive. Property taxes differ by county. Even then, property tax is solely calculated based on the value of home you decide to buy. It’s much more elective than a state income tax.


Please don’t waste your time responding to PortHudsonPlaya. He is either a troll or irreparably stupid.
Posted by East Coast Band
Member since Nov 2010
66995 posts
Posted on 6/14/18 at 7:13 pm to
Thanks goodness the common man doesn't have to pay state income taxes in states where you take a business trip. A week or two in California or Nevada, etc. would really suck having to claim income in multiple states.
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