crazy amount of money, but almost 1/2 of it gone in taxes and deductions. and WTF is a "Pittsburg professional athlete fee" thing? almost $10k! and that's just for 1/2 the month.
by $93 on the year. Plus he has him set up filing single with 1 deduction, that is a pretty high rate. Once he gets in to do his return he will see a good portion of that back from federal and several of those states.
crazy amount of money, but almost 1/2 of it gone in taxes and deductions. and WTF is a "Pittsburg professional athlete fee" thing? almost $10k! and that's just for 1/2 the month.
It is 3% of income earned while performing in a venue built or maintained with public money. It is for non-residents only and could avoid it by living in the city of Pittsburgh. Or if the Pirates built and maintained the stadium they would not have to pay.
If McCutchen plays a doubleheader in another state, is he taxed by that state for twice the amount than for a single game in another state?
Taxes are based on earnings. Does he get paid by day or by game? If he gets paid by day of the year, taxes would be the same for a double header because his earnings would be the same. If baseball players get paid per game, then he would pay double because he is paid double.
If McCutchen plays a doubleheader in another state, is he taxed by that state for twice the amount than for a single game in another state?
Most states do it based on days, not games. So a doubleheader would reduce the taxes owed to that state compared to two single games. (Obviously whether that benefits the player would depend on how that state's tax rate compares to his resident state's rate). A few states do it based on games played, so there would be no difference between a double header and two single games.
first, what do they do for guys on the DL. If the team is playing in NYC, but he is on the DL, did he earn his money in NY or in PA?
second, that 3% tax seems fucked up. If he is subject to local income tax that everyone pays, fine. But a specific tax targeting athletes seems like dumb policy. I'd be pretty pissed if I was traded to the Pirates.
first, what do they do for guys on the DL. If the team is playing in NYC, but he is on the DL, did he earn his money in NY or in PA?
second, that 3% tax seems fucked up. If he is subject to local income tax that everyone pays, fine. But a specific tax targeting athletes seems like dumb policy. I'd be pretty pissed if I was traded to the Pirates.
it applies to entertainers visiting the city as well.
...if the teams want to have cities build the stadiums, then why not tax the teams and players that use it more? Like a toll on the turnpike, you use it, you pay.
Would you prefer living in Scranton when the Eagles decided to move there and have a stadium built and then have your taxes go up to 3% locally?
Geez. I'm surprised the Pirates aren't charging for bats, balls and cleats.
If I'm getting tagged for meal money, I'm going up to the owner's box and raid the fridge every other game.
Weird that the 273.75 deduction for meal money as the 273.75 credit for meals during the pay period. As pointed out in the article, per diem is 100.70/day and he was on the road for 8 or 9 days.
It sounds to me like his contract had some provisions that pre-empt the meal money.
...if the teams want to have cities build the stadiums, then why not tax the teams and players that use it more? Like a toll on the turnpike, you use it, you pay.
Would you prefer living in Scranton when the Eagles decided to move there and have a stadium built and then have your taxes go up to 3% locally?
The players are the workers. Let the city tax the teams, who have bargaining power and a say in where they do business (unlike players, who per the CBA can get traded unless they have a NTC). As between the city, the team, and the players, I think the players should be last in line to fund a stadium. This is just the city and team conspiring to pass the rent buck onto the players.
If I was the union, I'd negotiate for a make-whole on this.
Weird that the 273.75 deduction for meal money as the 273.75 credit for meals during the pay period. As pointed out in the article, per diem is 100.70/day and he was on the road for 8 or 9 days.
It sounds to me like his contract had some provisions that pre-empt the meal money.
I'd guess that the discrepancy is that you dont get taxed on the full per diem. Per diem shouldnt be taxable at all since it is kind of a business expense, but obviously that could be a loophole whereby you go pass compensation off as per diem. So IRS has rules to prevent such nonsense.
...if the teams want to have cities build the stadiums, then why not tax the teams and players that use it more? Like a toll on the turnpike, you use it, you pay.
Would you prefer living in Scranton when the Eagles decided to move there and have a stadium built and then have your taxes go up to 3% locally?
The players are the workers. Let the city tax the teams, who have bargaining power and a say in where they do business (unlike players, who per the CBA can get traded unless they have a NTC). As between the city, the team, and the players, I think the players should be last in line to fund a stadium. This is just the city and team conspiring to pass the rent buck onto the players.
If I was the union, I'd negotiate for a make-whole on this.
I'm not crying for 3% on a guy that just got a net paycheck for 2 weeks over $400K. Let the players and teams and anyone involved pay for the stadium. Without the stadium they have no place to work. Look at it like the local service tax in many municipalities in PA, everyone who works pays $1 per week.
fairly certain MLB pays from opening day to beginning of playoffs.
Link - ( New Window )
Most states do it based on days, not games. So a doubleheader would reduce the taxes owed to that state compared to two single games. (Obviously whether that benefits the player would depend on how that state's tax rate compares to his resident state's rate). A few states do it based on games played, so there would be no difference between a double header and two single games.
http://www.accountingweb.com/article/update-tax-man-mlb-take-me-out-ball-game/221491 - ( New Window )
Well, considering there's an 18K cap per year and he gets paid 2x a month for 6 months I'm not sure how else you would think it should be funded.
second, that 3% tax seems fucked up. If he is subject to local income tax that everyone pays, fine. But a specific tax targeting athletes seems like dumb policy. I'd be pretty pissed if I was traded to the Pirates.
second, that 3% tax seems fucked up. If he is subject to local income tax that everyone pays, fine. But a specific tax targeting athletes seems like dumb policy. I'd be pretty pissed if I was traded to the Pirates.
Would you prefer living in Scranton when the Eagles decided to move there and have a stadium built and then have your taxes go up to 3% locally?
Isn't there a maximum contribution to a 401k per year?
I don't think you can exceed 20K per year.
It's like the A's having coin-operated soda and water vending machines in the locker room...
Geez. I'm surprised the Pirates aren't charging for bats, balls and cleats.
If I'm getting tagged for meal money, I'm going up to the owner's box and raid the fridge every other game.
Geez. I'm surprised the Pirates aren't charging for bats, balls and cleats.
If I'm getting tagged for meal money, I'm going up to the owner's box and raid the fridge every other game.
Weird that the 273.75 deduction for meal money as the 273.75 credit for meals during the pay period. As pointed out in the article, per diem is 100.70/day and he was on the road for 8 or 9 days.
It sounds to me like his contract had some provisions that pre-empt the meal money.
Would you prefer living in Scranton when the Eagles decided to move there and have a stadium built and then have your taxes go up to 3% locally?
The players are the workers. Let the city tax the teams, who have bargaining power and a say in where they do business (unlike players, who per the CBA can get traded unless they have a NTC). As between the city, the team, and the players, I think the players should be last in line to fund a stadium. This is just the city and team conspiring to pass the rent buck onto the players.
If I was the union, I'd negotiate for a make-whole on this.
Weird that the 273.75 deduction for meal money as the 273.75 credit for meals during the pay period. As pointed out in the article, per diem is 100.70/day and he was on the road for 8 or 9 days.
It sounds to me like his contract had some provisions that pre-empt the meal money.
I'd guess that the discrepancy is that you dont get taxed on the full per diem. Per diem shouldnt be taxable at all since it is kind of a business expense, but obviously that could be a loophole whereby you go pass compensation off as per diem. So IRS has rules to prevent such nonsense.
Quote:
...if the teams want to have cities build the stadiums, then why not tax the teams and players that use it more? Like a toll on the turnpike, you use it, you pay.
Would you prefer living in Scranton when the Eagles decided to move there and have a stadium built and then have your taxes go up to 3% locally?
The players are the workers. Let the city tax the teams, who have bargaining power and a say in where they do business (unlike players, who per the CBA can get traded unless they have a NTC). As between the city, the team, and the players, I think the players should be last in line to fund a stadium. This is just the city and team conspiring to pass the rent buck onto the players.
If I was the union, I'd negotiate for a make-whole on this.