twistedmetal: Wow, that's a bullshiat way to tax someone.
skinink: These people signed a contract to earn whatever they earn, playing or not.
skinink: And just because someone has money doesn't mean unfair treatment is deserved.
IAmRight: NBA players don't lose money with this tax. Minimum NBA salary for someone with 0 years experience is $490,180. That number divided by 82 works out to be $5977. Now, a $2500 tax bill on that game is going to eat into it heavily...but they're not losing money by playing there.NHL minimums are higher than that. Don't know what they're basing their math on to claim such a thing, but it isn't true.
Dawg47: Right, because that'd be the only tax on that money.....
IAmRight: IMO everything should just be based on where the player/worker is based
skinink: "... Though I really don't feel sorry for any professional athlete who makes a few hundred grand a year to ride on the bench..."I never understand why this is said about any person/actor/athlete who makes money, even if they're injured or under other circumstances. These people signed a contract to earn whatever they earn, playing or not. If anyone can make money fairly, then good for them. They get paid even if they ride the pine, that's not their fault. And just because someone has money doesn't mean unfair treatment is deserved.
Lost Thought 00: The reason we don't do that is because then every player would magically be "based" out of Florida, despite never actually doing business in the state
IlGreven: Maybe they need to move to a little cabaret in a South Texas border town...
The Smails Kid: IlGreven: Maybe they need to move to a little cabaret in a South Texas border town......sat a boy and his guitar, and people came from all around
IAmRight: Dawg47: Right, because that'd be the only tax on that money.....They're still not losing money.The way they worked it out is by taking the minimum possible salary (BTW, 1 year of experience takes the minimum salary from $490K to $788K) then dividing it by 365.Well, okay. I guess we can pretend they're being paid for every day. In that case, they're getting a hell of a lot of free paid vacation.It's still a silly amount of tax and IMO everything should just be based on where the player/worker is based; having this crap with trying to send tax bills based on who was present for each team that night is entirely too much extra BS to be worth it...but people need to stop being drama queens about it and acting like it's a huge issue. If it's that big a deal, people wouldn't be making that trip.
FreakinB: Also, throw in the Federal tax on that same game check and if they're not losing money, they're coming damn close.
FreakinB: Technically, it's everyone. It's just that most people don't make enough to make it worthwhile for a state, while athletes do. For example, I used to go on a one-week training trip to Atlanta every year at my old job. Technically I should file a Georgia return, but in reality I wasn't going to because the tax on one week of a fairly average salary is not worth my time or the state's. But 1/82 of LeBron James' salary will move the needle. Now multiply that by all the states where he plays.
IAmRight: FreakinB: Also, throw in the Federal tax on that same game check and if they're not losing money, they're coming damn close.I don't know why people think federal income tax is that high. It doesn't even approach 50% no matter how much you make. It's not close.
FreakinB: IAmRight: FreakinB: Also, throw in the Federal tax on that same game check and if they're not losing money, they're coming damn close.I don't know why people think federal income tax is that high. It doesn't even approach 50% no matter how much you make. It's not close.The max bracket for 2013 starts at $400,000, which is less than the minimum salary you established earlier. So for simplicity's sake (it won't be THAT far off), let'shiat that full game check at the max 39.6% Federal rate. I'm coming up with $2,367. Add the $2,500 TN jock tax and you're at $4,867 on a $5,977 game check. That's an 81.4% tax rate. I'm no tea partier, but that's insane.This is even before you add any other taxes (state tax from the player's state of residency, whatever else), to the extent they apply.
If you like these links, you'll love
More Fark for your buck
Sign up for the Fark NotNewsletter!
Links are submitted by members of the Fark community.
When community members submit a link, they also write a custom headline for the story.
Other Farkers comment on the links. This is the number of comments. Click here to read them.
You need to create an account to submit links or post comments.
Click here to submit a link.
Also on Fark
Submit a Link »
Copyright © 1999 - 2018 Fark, Inc | Last updated: Feb 18 2018 06:22:38
Runtime: 0.197 sec (197 ms)