posted this to realgm in a thread about whether the lakers will always be an elite team. someone said they will always be a great free agent destination to import new talent:
this may not always be the case. as the reality of an effective tax rate of 60-70% combined from fed, state and local taxes sets in on athletes and show biz stars it may prove to be a deterrent in the future. yes, the players are younger and don't always think of this, but at some point, financial advisers and agents will bring this up; and when the numbers between california and arizona/texas/florida drift further and further apart, LA could lose a great deal of appeal for those seeking the biggest contracts during peak earning years.
not trying to bring politics into this by any means but phil mickelson just let it slip that he is looking at doing this very thing.
i think no NC state taxes definitely can't hurt, but it may not make that big of difference. unfortunately, young men (the vast majority of young men but athletes in general) are financially illiterate and think more with their egos than logic, so i suspect as long a charlotte remains a non-destination city, it will be tough to consistently get the biggest free agents.
now, if only this current crop of majority state politicians would abolish the property tax, we would be getting somewhere.