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re: Athletes paying taxes in states they are not employed by/reside in?
Posted on 12/19/24 at 11:17 am to Will Cover
Posted on 12/19/24 at 11:17 am to Will Cover
IF he's claiming Homestead Exemption on his property in that state, the state revenue dept compares his Federal IRS return to people claiming Homestead Exemption. If they didn't file a state income tax, they go after him. The key is NOT claiming Homestead Exemption in that state AND making sure there's no evidence of you living there for 6 months or greater per year. Otherwise, he gets a nasty letter from the state's treasure or tax commission dept, stating he needs to file a tax return.
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Posted on 12/19/24 at 11:22 am to Will Cover
I used to work out of state for several years. We had some guys who would pinged on out of state and in state taxes. It never happened to me and it always seemed to happen randomly to different guys.
Posted on 12/19/24 at 11:27 am to Weekend Warrior79
quote:
Just because they didn’t pay taxes in a state they worked in does not mean they were not required to do so. Could be as simple as the state was not aware they were physically present while working.
My SIL found that out the hard way, worked in Texas (no state income was taken from her check) but she lived in Northwest Louisiana.
Posted on 12/19/24 at 11:51 am to Will Cover
I always wondered this. I was offered a COO job in California (live in Texas). They were going to fly me in one week a month and ‘as needed’ during busier months.
I could never figure out the tax structure or if I was going to get doubled up in Texas and then in California so turned it down. Could never get a straight answer.
I could never figure out the tax structure or if I was going to get doubled up in Texas and then in California so turned it down. Could never get a straight answer.
This post was edited on 12/19/24 at 11:59 am
Posted on 12/19/24 at 11:52 am to BabyTac
quote:
I always wondered this. I was offered a COO job in California (live in Texas). They were going to fly me in on week a month and ‘as needed’ during busier months. I could never figure out the tax structure or if I was going to get doubled up in Texas and then in California so turned it down. Could never get a straight answer.
You got offered a COO job and you thought you were going to get “doubled up” in a state that has no income tax? Sounds believable
I know you’re a troll, but this one was too good to pass up
This post was edited on 12/19/24 at 11:53 am
Posted on 12/19/24 at 11:54 am to Mingo Was His NameO
quote:
You got offered a COO job and you thought you were going to get “doubled up” in a state that has no income tax? Sounds believable
Meant paying extreme property taxes in Texas, but also paying extreme Cali income taxes on top of that.
Posted on 12/19/24 at 11:57 am to Will Cover
Rush Limbaugh used to complain about this issue regarding his personal taxes.
After he moved his residence and his radio show's origination studio from NYC to Florida, New York would audit him to make him prove he didn't do any "remote" broadcasts from New York during the tax year so they could tax his income earned in NY for those days.
And this was years after he moved to Florida.
After he moved his residence and his radio show's origination studio from NYC to Florida, New York would audit him to make him prove he didn't do any "remote" broadcasts from New York during the tax year so they could tax his income earned in NY for those days.
And this was years after he moved to Florida.
Posted on 12/19/24 at 12:11 pm to Will Cover
I took a tour of the Saints' IT facilities maybe about 20 years ago and even back then they had a dedicated system tied into the NFL offices in NY that calculated the income taxes owed by the away team players every game (to report to the local tax officials). It's a huge amount of local taxes for the cities these teams play in. Also most teams don't even play in the city they're named after but a suburb instead so they get the local tax windfall instead.
EDIT: For clarity, these athletes make huge annual salaries but they're only paid during the season. An NFL player gets their entire salary in 17 or 18 weekly checks so the local income tax on a weekly check is a lot. If the salary cap is $250 million that comes out to almost $15 million payroll per game. Just 1% local income tax on that is $150k.
EDIT: For clarity, these athletes make huge annual salaries but they're only paid during the season. An NFL player gets their entire salary in 17 or 18 weekly checks so the local income tax on a weekly check is a lot. If the salary cap is $250 million that comes out to almost $15 million payroll per game. Just 1% local income tax on that is $150k.
This post was edited on 12/19/24 at 12:18 pm
Posted on 12/19/24 at 12:16 pm to JohnnyKilroy
quote:I pay more in Arkansas income tax than in Louisiana.
dk about traveling salesmen but I know plenty of consultants who file taxes in every state they work in.
Posted on 12/19/24 at 12:22 pm to tigerfoot
The jock tax is bullshite.
Posted on 12/19/24 at 12:24 pm to TDTOM
quote:
The jock tax is bullshite.
The only difference between regular income tax and the jock tax is the denominator on how to apportion income. The sourcing of the income is the same for everybody
Posted on 12/19/24 at 12:30 pm to Will Cover
quote:
However, when his employer (Houston Texans) travels to California for example, he has to pay income taxes to California. What is California's claim to his earnings?
If the overnight’s in a state are for actual work and not attending a training or conference you have to pay state income taxes and also could pay taxes on sales of RSU’s or stock as well. My former employer captured 100% of our overnight’s as sales reps and reported it accordingly if it exceeded 5 nights. My manager had to pay taxes to a few states on his income due to the number of overnights. He was hit hard on his stock option sales too.
He refused to spend a night in those states going forward!
Posted on 12/19/24 at 12:57 pm to Will Cover
I could mail you a KPMG US Master Tax Guide if you’d like to research it the question 
Looks like full time traveling sales folk are 941B Statutory Employee.
Looks like full time traveling sales folk are 941B Statutory Employee.
This post was edited on 12/19/24 at 1:02 pm
Posted on 12/19/24 at 2:27 pm to Will Cover
Friend of mine was an MLB player for the Tigers and Padres,.He was also a hitting coach for the A's, White Sox and Giants. He told me that as a player he had to pay luxury tax in every city that he played in and for every game that he was present for. If he didn't travel, then he didn't have to pay the tax.
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