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View Full Version : Other Sports How pro athletes are taxed.


DTLB58
04-14-2013, 06:28 AM
@darrenrovell: Great article on how pro athletes are taxed http://t.co/oleF0DqzbA

It is a very good article. Nice break down in the graphic on the right. Just sick how much taxes get taken and from where!

Rasputin
04-14-2013, 06:49 AM
Wow. That was different than I expected about how they paid taxes. I didn't know each player and staff pay taxes to each city they go to play in on game days. Seems like that would be a huge headache to file taxes for each state. I'd get over the headache of course if I made the bucks some of the top players make. I bet they pay more in taxes for one game than I make in a year.

Chief Pote
04-14-2013, 07:42 AM
Fuckin irs taking more money from the general public. Whether it's directly out of payroll deduction or where we spend our hard earned money. :# Tax time sucks.

Bugeater
04-14-2013, 08:13 AM
Meh. At least they still have enough to live on after getting butt-raped by the IRS.

MTG#10
04-14-2013, 08:17 AM
Headed to DC in 3...2...1...

OrtonsPiercedTaint
04-14-2013, 08:23 AM
The importing fees are off the books.

BigMeatballDave
04-14-2013, 10:19 AM
Fuck.

No wonder no one wants to play in Cleveland.

BigMeatballDave
04-14-2013, 10:20 AM
Or Buffalo, for that matter.

Cannibal
04-14-2013, 10:28 AM
Yet they are still able live in mansions and drive Bentley's, boy they've sure got it rough.

I suppose they could quit the NFL and work at Walmart instead.

BlackHelicopters
04-14-2013, 10:30 AM
Yet they are still able live in rented homes and drive Bentley's, boy they've sure got it rough.

I suppose they could quit the NFL and work at Walmart instead.

FYP

Deberg_1990
04-14-2013, 10:32 AM
They still dont pay enough


Signed, Obama

Chiefshrink
04-14-2013, 10:34 AM
And to think the majority of players are probably Dems who voted for 'you know who' who wants EVEN MORE of their $$$ !! Dumbasses !!!:rolleyes:

Chiefshrink
04-14-2013, 10:35 AM
They still dont pay enough


Signed, Obama

BINGO !!!:D

BigMeatballDave
04-14-2013, 11:07 AM
Yet they are still able live in mansions and drive Bentley's, boy they've sure got it rough.

I suppose they could quit the NFL and work at Walmart instead.

Spoken like a true Socialist.

Prison Bitch
04-14-2013, 11:15 AM
Spoken like a true Socialist.

Some years ago, I was with a group of guys coming back from the Final Four. One, an adult of 50 and fairly intelligent, goes on about how pro athletes shouldn't make all the money they do. Saying $100K is about the right level. Saying sports is a "love" and people shoulnd't need millions to do something they love. on and on it went.


I finally spoke up at one point and said: "I have only one question to ask you. Do you want Lamar Hunt to make $120 million instead of $45 million this year?" That was the only comment that made him think.

displacedinMN
04-14-2013, 11:22 AM
ugh.

Never had heard about this before.
I liked the comment about 'no taxation without representation'

About the only thing I can think of to relate is the massive taxes that are put on vacation property owners. Of course, it cannot be homesteaded, but it allows for more taxes than the home across the road that is not on a lake.

It seems like another way for an athlete to get 'taken' by someone.
Have a watchdog for your money-have someone watch them.

Bearcat
04-14-2013, 11:38 AM
But it wasn't until 1991, when the state of California sent tax bills to Michael Jordan and the Chicago Bulls after they beat the Los Angeles Lakers in the NBA Finals, that states began enforcing those laws on high-profile and high-income earners.

Later that year, the Illinois legislature passed a law, later dubbed "Michael Jordan's Revenge," that taxed visiting teams from California. Soon after, every state that collected income tax enforced its nonresident laws on professional sports teams.

Read more: http://www.post-gazette.com/stories/business/news/in-world-of-sports-a-slew-of-taxes-just-part-of-the-game-683365/#ixzz2QSbiIZgg


The Butthurt Tax

CrazyPhuD
04-14-2013, 12:45 PM
Meh this just shows how much bad financial advice pro athletes get(well besides the 80% bankruptcy rate after they retire). The answer to this one is simple minimum base salary. Guaranteed bonus every year. They can only tax your game day checks, the bonus you get when you're in your state of residency, i.e. TX, FL, etc if you're smart.

Oh and as more high tax states start to go bankrupt don't think they won't come for salesmen etc working in their states too.