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re: Welcome, Kevin Durant. Now about your California income taxes...

Posted on 7/9/16 at 7:27 pm to
Posted by Asgard Device
The Daedalus
Member since Apr 2011
11562 posts
Posted on 7/9/16 at 7:27 pm to
I suspect Durant was informed about the taxes and that Kevin Durant will be just fine.

Posted by Asgard Device
The Daedalus
Member since Apr 2011
11562 posts
Posted on 7/9/16 at 7:30 pm to
quote:

sending company headquarters to Texas.




The fact that California keeps incubating successful businesses that outsource or straight up move in the first place is impressive and something Texans benefit from.

If the companies in Cali weren't successful and if they were instead more like Texas then Texas would not benefit nearly as much.
Posted by airfernando
Member since Oct 2015
15248 posts
Posted on 7/9/16 at 7:34 pm to
quote:

California has a much better infrastructure than at least Alabama. I can't deny that. Their roads overall are much better, probably better schools, or at least funding of the schools.
Very little of that is related to state income tax, possible none.
Posted by JJ27
Member since Sep 2004
62329 posts
Posted on 7/9/16 at 7:40 pm to
I would think he'd set his residence as Texas considering that's where he went to school. No state income taxes either.
Posted by colorchangintiger
Dan Carlin
Member since Nov 2005
30979 posts
Posted on 7/9/16 at 7:44 pm to
quote:

They also have a thriving economy and a budget surplus


They may have a surplus now, but it seems like they have a budget crisis every 5 years. Not to mention all of the terrible gun laws.
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
299716 posts
Posted on 7/9/16 at 8:00 pm to
quote:


Says the guy who who's never been to California. PS.. They also have a thriving economy and a budget surplus, so you're talking out of your arse on all accounts.


Looks like they should return some of the publics money
This post was edited on 7/9/16 at 9:22 pm
Posted by xxKylexx
Louisiana
Member since Nov 2011
4039 posts
Posted on 7/9/16 at 8:04 pm to
Just live in Nevada. Hell of a lot more cheaper and a couple hour drive from Cali.
Posted by Solo Cam
Member since Sep 2015
35183 posts
Posted on 7/9/16 at 8:13 pm to
Could he not just buy a trailer in Texas and claim that as his main residence? Honestly asking.
Posted by VerlanderBEAST
Member since Dec 2011
19364 posts
Posted on 7/9/16 at 8:29 pm to
quote:

How long is the NBA season? Less than 6 months right? If he lived in another state longer than that, how would he have to be a California resident? I would agree his NBA salary should be taxed as a California resident, but if he owns a house in Texas as that's where he is from I don't see why he couldn't stay a resident there for his endorsement deals.
more like 9 months from preseason to finals
Posted by Jcorye1
Tom Brady = GoAT
Member since Dec 2007
76373 posts
Posted on 7/9/16 at 8:37 pm to
It won't all go to Cali, nor will it all be Cali taxable. Jock Tax son!
Posted by Jcorye1
Tom Brady = GoAT
Member since Dec 2007
76373 posts
Posted on 7/9/16 at 8:38 pm to
No, taxes aren't based on where you live, it's based on where you earn them.

It'll mess with his endorsement money more than anything.
This post was edited on 7/9/16 at 8:41 pm
Posted by lsusa
Doing Missionary work for LSU
Member since Oct 2005
6368 posts
Posted on 7/9/16 at 8:45 pm to
quote:

I have lived in Alabama. Talked to s couple from Cali on vacation once and they were amazed when we told them our daughters school had art, music, drama etc. apparently a lot of schools there don't have finding for those type of programs.



Don't doubt that they were amazed....but it was probably based more on the fact that they didn't think folks in Alabama had indoor plumbing or compulsory education past the fourth grade, thanks to the way that TV and movies portray our region of the country.
Posted by Jtigers99
Holly Beach, USA
Member since Dec 2014
1841 posts
Posted on 7/9/16 at 9:19 pm to
quote:

How long is the NBA season? Less than 6 months right?

It's like 10 months preseason - finals if you make the finals like Golden State hopes to.
Posted by Cruiserhog
Little Rock
Member since Apr 2008
10460 posts
Posted on 7/9/16 at 9:20 pm to
quote:

Welcome, Kevin Durant. Now about your California income taxes...


god forbid he be able to afford his tax bill.
Posted by baldona
Florida
Member since Feb 2016
24451 posts
Posted on 7/9/16 at 9:41 pm to
So the 2015/ 16 season started Oct 27 and the last finals game was June 19. So 8 months. But heck I mean half the games are away games right? So a good 15-25% of his salary is paid from out of state, I'm assuming signing bonus and then obviously all home games he is taxed from California?

Why do I care, the dude probably pays an accountant at least $25k a year to figure this out for him and its not like its going to change anything he does.
Posted by ItNeverRains
Offugeaux
Member since Oct 2007
28166 posts
Posted on 7/9/16 at 10:25 pm to
quote:

Says the guy who who's never been to California. PS.. They also have a thriving economy and a budget surplus, so you're talking out of your arse on all accounts.



with the abundances of natural resources California has, it's insane they even need a state income tax, especially as heavy a one as they levy
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