spectre
08-06-2011, 07:27 PM
The Taxing Impact of State Taxes (http://heathoops.net/2010/06/the-taxing-impact-of-state-taxes/)
So what’s the point?
If a player’s tax bill factors into his decision in free agency, the Miami Heat has a clear advantage. For a maximum salary player like Dwyane Wade, playing for the Heat can produce a relative annual tax savings of several hundred thousand dollars and, in some cases, even more than a million dollars.
The highest tax-paying NBA states (including municipalities) include California, New Jersey, New York, North Carolina, Ohio, Oregon and Washington, D.C. For a player deciding between the Heat and a team in any of these states, the relative tax savings in choosing the Heat would be greatest.
The breakdown of what athletes have to pay in regards to state taxes is interesting.
Sucks that we have state taxes as well as being a small market working against us.
So what’s the point?
If a player’s tax bill factors into his decision in free agency, the Miami Heat has a clear advantage. For a maximum salary player like Dwyane Wade, playing for the Heat can produce a relative annual tax savings of several hundred thousand dollars and, in some cases, even more than a million dollars.
The highest tax-paying NBA states (including municipalities) include California, New Jersey, New York, North Carolina, Ohio, Oregon and Washington, D.C. For a player deciding between the Heat and a team in any of these states, the relative tax savings in choosing the Heat would be greatest.
The breakdown of what athletes have to pay in regards to state taxes is interesting.
Sucks that we have state taxes as well as being a small market working against us.