N.F.L. 24-25 Season (2 Viewers)

[jazzeum]

It’s only a game, entertainment, a good distraction from the world we live in. Life goes on.

 

[tdubel]

George
I posted this in another thread, but this may make you happier re the outcome of Darnold winning:

If anyone wonders if the horrors about California are true - just google NFL players and what happens to non resident ones when they play there. Example - Sam Darnold, wins a Superbowl, his base salary is about 175K for that win. His tax bill due to California's punitive tax code against sports stars and days they are in the State - $250K. He lost $75K for winning the Superbowl. How anyone lives in that morass is beyond me.

I wonder what is next - will they start charging you an entry fee at the airport to visit there?

 

[jazzeum]

George
I posted this in another thread, but this may make you happier re the outcome of Darnold winning:

If anyone wonders if the horrors about California are true - just google NFL players and what happens to non resident ones when they play there. Example - Sam Darnold, wins a Superbowl, his base salary is about 175K for that win. His tax bill due to California's punitive tax code against sports stars and days they are in the State - $250K. He lost $75K for winning the Superbowl. How anyone lives in that morass is beyond me.

I wonder what is next - will they start charging you an entry fee at the airport to visit there?

This is not only a California phenomenon so don’t paint it that way. Many states (except those that don’t have an income tax at all like Florida) have a so-called jock tax and it is an axiom of tax law that if you work in a state other than the state of your residence, you are obligated to pay income tax based on the number of days you worked in that state.

 

[Warrior]

George
I posted this in another thread, but this may make you happier re the outcome of Darnold winning:

If anyone wonders if the horrors about California are true - just google NFL players and what happens to non resident ones when they play there. Example - Sam Darnold, wins a Superbowl, his base salary is about 175K for that win. His tax bill due to California's punitive tax code against sports stars and days they are in the State - $250K. He lost $75K for winning the Superbowl. How anyone lives in that morass is beyond me.

I wonder what is next - will they start charging you an entry fee at the airport to visit there?

When you have a moron of a governor like Newsom, what do you expect?

I read about that and my assumption was that was just a punishment laid down on "Sidecar" Darnold because he was once on the Jets.

Four teams in four years and this stiff wins a Super Bowl.

Wonderful.

 

[tdubel]

This is not only a California phenomenon so don’t paint it that way. Many states (except those that don’t have an income tax at all like Florida) have a so-called jock tax and it is an axiom of tax law that if you work in a state other than the state of your residence, you are obligated to pay income tax based on the number of days you worked in that state.

Brad
Since this was once my business and I am still a CPA, NONE of the other Jock taxes come even close to Californias. I am not painting it any way other than the truth. A lot of States have a tax (all of which are not right honestly and they are money grabs), but again, NONE are any where near the punitive nature as California. There is zero justification where you pay more tax than the actual net cash you received, that is just plain wrong and not fair. The sad thing is, the California Supreme Court ruled it constitutional.

Also, most states when you are talking Non Residence tax are very reasonable and you are able to take a reciprocal credit in your home state. Sometimes neighboring States have reciprocal withholding agreements to avoid issues like this so that people are taxed in their home state. But no, Not California, that along with New York State and New York City will chase you for every dollar they think they are owed and usually more. I had a friend move out of New York and New York made him present the essence of a "federal brief you would prepare for the Supreme Court" in order to PROVE he no longer resided in New York. Again, you wonder why people are moving.

Long story short, the California tax is true and it is very unique in its application and amount. If I was a professional football player, I would be injured and not make the trip everytime going to a California stadium. Toilet bowl of a State with regards to cost to live there.

TD

 

[jazzeum]

Brad
Since this was once my business and I am still a CPA, NONE of the other Jock taxes come even close to Californias. I am not painting it any way other than the truth. A lot of States have a tax (all of which are not right honestly and they are money grabs), but again, NONE are any where near the punitive nature as California. There is zero justification where you pay more tax than the actual net cash you received, that is just plain wrong and not fair. The sad thing is, the California Supreme Court ruled it constitutional.

Also, most states when you are talking Non Residence tax are very reasonable and you are able to take a reciprocal credit in your home state. Sometimes neighboring States have reciprocal withholding agreements to avoid issues like this so that people are taxed in their home state. But no, Not California, that along with New York State and New York City will chase you for every dollar they think they are owed and usually more. I had a friend move out of New York and New York made him present the essence of a "federal brief you would prepare for the Supreme Court" in order to PROVE he no longer resided in New York. Again, you wonder why people are moving.

Long story short, the California tax is true and it is very unique in its application and amount. If I was a professional football player, I would be injured and not make the trip everytime going to a California stadium. Toilet bowl of a State with regards to cost to live there.

TD

My point was that other states do have it and that California is not unique, except in its severity. This will be a discussion point next year because the Super Bowl will be played in LA.

 

[tdubel]

My point was that other states do have it and that California is not unique, except in its severity. This will be a discussion point next year because the Super Bowl will be played in LA.

I hear ya, unfortunately there is just no comparison. Again, and its only my opinion, but there are plenty of other places where the sun shines a lot that don't cost that much, just nuts. It shows you how much some celebrities really make that they can afford to live there.

Tom

 

[Terp152]

Twenty states, and many cities so in NYC you get a double tax, have what's known as a "jock tax." Tennessee repealed their tax. California is the severest penalty at 13%. Next year's SB is in LA so the players will be hit again.