View previous topic :: View next topic |
Author |
Message |
activeverb Retired Number
Joined: 17 Jun 2006 Posts: 37470
|
Posted: Fri Feb 02, 2018 12:57 pm Post subject: |
|
|
kevin61 wrote: | The answer is no.
Why, because the team isn’t ready for his short term plans. Two, because paying 13.3% of his $80 million income to the state of California without the benefit of a Federal deduction will cost him $10 million a year. The price for living in our progressive utopia isn’t worth that.
You’ll see this more and more in all sports. With a short window to earn a lot of money, why throw away millions for a bit of sunshine. |
I suspect athletes in CA do pay more, but the actual calculation is more complex, because their taxes are affected by where they live in the offseason, as well as having to pay taxes to other states for away games.
And the reality is lots of rich people do choose to live in CA because of the sunshine, so I don't know that your generalization about the cost/benefit of the tax vs. the environment holds for everyone. How big a factor that would be for George, or any other free agent, is anyone's guess. |
|
Back to top |
|
|
kevin61 Star Player
Joined: 23 Jun 2005 Posts: 1332
|
Posted: Sat Feb 03, 2018 1:32 am Post subject: |
|
|
activeverb wrote: | kevin61 wrote: | The answer is no.
Why, because the team isn’t ready for his short term plans. Two, because paying 13.3% of his $80 million income to the state of California without the benefit of a Federal deduction will cost him $10 million a year. The price for living in our progressive utopia isn’t worth that.
You’ll see this more and more in all sports. With a short window to earn a lot of money, why throw away millions for a bit of sunshine. |
I suspect athletes in CA do pay more, but the actual calculation is more complex, because their taxes are affected by where they live in the offseason, as well as having to pay taxes to other states for away games.
And the reality is lots of rich people do choose to live in CA because of the sunshine, so I don't know that your generalization about the cost/benefit of the tax vs. the environment holds for everyone. How big a factor that would be for George, or any other free agent, is anyone's guess. |
Anyone with a vauge familiarity of the California Franchise Tax Board knows that they are ferocious in their application and administration of the state’s tax laws.
If an indivual works for an employer within the state for 8 months of the year he would be consider by the FTB a resident of the the state. The burden of proof is on the taxpayer to prove otherwise and it would be a difficult case to make. All earnings from his California employer would be subject to the rate of 13.3% regardless. Any taxes paid to other states can offset taxes paid to the state, but the overall rate would remain the same. Income earned from sources outside the state would only be exempt if he were able to establish that although he resided in the state for more than half the year, he wasn’t a resident. However, first you must give them the money, then you can try to get it back. Good luck with that.
Prior to the recent tax legislation, all state taxes were deductible against your Federal taxes, now virtually none are. So much for Republicans giving tax breaks to the rich. Millionaires are going to pay through the nose in high tax states like ours.
Oh well, the weathers nice. |
|
Back to top |
|
|
DangeRuss Star Player
Joined: 10 Feb 2016 Posts: 1418
|
Posted: Mon Feb 05, 2018 10:55 am Post subject: |
|
|
An article on whether Kuzma attracts lebron?
I think there was some wasted time in writing about that topic. Why is it even stickied lol. |
|
Back to top |
|
|
emplay Site Staff
Joined: 15 Apr 2001 Posts: 25545
|
Posted: Mon Feb 05, 2018 12:18 pm Post subject: |
|
|
i don't write the headlines in most cases, esp this one _________________ Salary Cap Strategist and Columnist at Bleacher Report and on Twitter at http://www.twitter.com/EricPincus |
|
Back to top |
|
|
ppineda Starting Rotation
Joined: 12 Aug 2003 Posts: 701
|
Posted: Mon Feb 05, 2018 4:18 pm Post subject: |
|
|
emplay wrote: | i don't write the headlines in most cases, esp this one |
I was thinking about that. I find the article a solid Kuzma article, but the headline just sets it up for people to dislike it and throw stones at it. Total click-bait headline. |
|
Back to top |
|
|
mookielala Star Player
Joined: 29 Jul 2012 Posts: 3026
|
Posted: Mon Feb 05, 2018 4:58 pm Post subject: |
|
|
ppineda wrote: | emplay wrote: | i don't write the headlines in most cases, esp this one |
I was thinking about that. I find the article a solid Kuzma article, but the headline just sets it up for people to dislike it and throw stones at it. Total click-bait headline. |
That's a big problem in journalism these days, beyond sports columns. Really does a disservice to society. |
|
Back to top |
|
|
unleasHell Franchise Player
Joined: 16 Apr 2001 Posts: 11591 Location: Stay Thirsty my Friends
|
Posted: Mon Feb 05, 2018 6:34 pm Post subject: |
|
|
QUESTION: "Kyle Kuzma Could Be 2017 NBA Draft's Best Player, Does He Attract LeBron?"
ANSWER: I'm pretty sure LeBron likes women... _________________ “Always remember... Rumors are carried by haters, spread by fools, and accepted by idiots.” |
|
Back to top |
|
|
venturalakersfan Retired Number
Joined: 14 Apr 2001 Posts: 144432 Location: The Gold Coast
|
Posted: Mon Feb 05, 2018 8:07 pm Post subject: |
|
|
emplay wrote: | i don't write the headlines in most cases, esp this one |
That is an interesting dynamic in your field that I wasn’t aware of until you mentioned it. _________________ RIP mom. 11-21-1933 to 6-14-2023. |
|
Back to top |
|
|
sAM sHILE Star Player
Joined: 02 Dec 2007 Posts: 2448
|
Posted: Fri Feb 09, 2018 12:46 am Post subject: Does He Attract LeBron? |
|
|
Does He Attract LeBron?
What a vile and gross thought! James is an arse.
I want to grow to love our current team with some younger FA tweaks. A real team, not a short–term Frankenstein. _________________ "Never try to teach a pig to sing,
it makes one look stupid
and it irritates the pig." |
|
Back to top |
|
|
|