Those jock taxes are terrible. You would have to get them overturned in each state though. Unless the players unions for every sport boycotted playing in those states. Media would have a field day with that story though
Taxes for the Highest Paid Athletes
- Thread starter morris
- Start date
River_trey
Pro
This country is really corrupt when you think about things like this. Athletes and Movie stars will pay these taxes but are far from the highest grossing people in this country. Meanwhile corporate taxes are also in the 30 percentile but they only average to pay in the teens with no consequences.
Splakavellie504
Superstar
Uncle Sam is a pimp. Change Uncle Sam name to Iceberg Slim.
I wonder WHY this started in 1991. Must've been and old white politician from NY...
The modern "jock tax" originated in 1991, when California imposed the tax on the earnings of Chicago Bulls players who traveled to Los Angeles to play the Lakers in that year's NBA Finals. Illinois soon retaliated, imposing its own "jock tax" on out-of-state players[1]—although Illinois' tax is only imposed on athletes from states that impose jock taxes on Illinois-based players.[2] Other states followed suit; by 2014, the only U.S. jurisdictions with major professional teams without a jock tax were Florida, Texas, Washington state, and Washington, D.C.[1] (the three states do not impose personal income taxes, while the U.S. Congress specifically prohibits the District of Columbia from imposing its income tax on non-residents who work there).
Jock tax - Wikipedia
The modern "jock tax" originated in 1991, when California imposed the tax on the earnings of Chicago Bulls players who traveled to Los Angeles to play the Lakers in that year's NBA Finals. Illinois soon retaliated, imposing its own "jock tax" on out-of-state players[1]—although Illinois' tax is only imposed on athletes from states that impose jock taxes on Illinois-based players.[2] Other states followed suit; by 2014, the only U.S. jurisdictions with major professional teams without a jock tax were Florida, Texas, Washington state, and Washington, D.C.[1] (the three states do not impose personal income taxes, while the U.S. Congress specifically prohibits the District of Columbia from imposing its income tax on non-residents who work there).
Jock tax - Wikipedia
feelosofer
#ninergang
You guys are out
for athletes. I will say this large corporations are the one's that don't pay their share.I dare say it's the bankers that fund them
You guys are out
Not to pocket watch--but specifically in boxing, if you're smart or surrounded by smart people like IDK Al Haymon, you create your own promotional business and sign yourself. Write a majority of that shyt off. Guarantee none of the dudes are paying their fair tax bill.
MONEY MAY PAID 120 MILL IN TAXES...
THIS IS WHAT I WAS TALKING ABOUT IN THAT MONEY/CONNOR THREAD...
nikkaS TALKING ABOUT HE MADE X AMOUNT FOR HIS LAST FIGHTS
LIKE THE IRS DONT TAKE A HUGE CHUNK
LET ALONE TRAINERS, GYMS, AGENTS, MANAGERS ETC.
GROSS AND NET WORTH ARE 2 DIFFERENT THINGS.
