ricep5
Premium
join:2000-08-07
Jacksonville, FL
 ·AT&T Southeast
 ·AT&T CallVantage
·VoicePulse
 ·Comcast Formerly ..
| said by gpancner  :Do professional sport players pay tax in all of the states they play in? Actually, in some states they do. Some states like California and Illinois have pro players pay taxes on the income they derive when performing their services in the state.
So when a player earns 100,000 a game and they play a 4 game homestand, they will have to pay taxes on the 400,000 they earned in that state.
There was a big fuss over this when Michael Jordan signed his last contract with the Chicago Bulls. States with NBA teams started passing sports taxes right away and Illinois threatened a retaliatory & regressive law in return.
When the news makes light of some players 'big' new contract in the millions, they neglect to tell you just how much goes to the open hands of each state collecting. |
