The NFL should have higher salary cap numbers for high tax states to make the net pay to the players equal. Otherwise, the teams in high tax states are at a big disadvantage and it defeats the level playing field premise of the salary cap.
The NFL should have higher salary cap numbers for high tax states to make the net pay to the players equal. Otherwise, the teams in high tax states are at a big disadvantage and it defeats the level playing field premise of the salary cap.
But is that on the NFL and ultimately the fans or the States to settle (or not).
If a player plays for a team in one of the States with a zero State income tax rate, then they pay no state income taxes on the money they earned for the eight home games. However, for the team's eight away games, they will be taxed (based on 1/16th of their pay) by each State that they play an away game in. I travel with my job, and each year I have to file in every state that I worked in that has a State income tax.
If a player plays for a team in one of the States with a zero State income tax rate, then they pay no state income taxes on the money they earned for the eight home games. However, for the team's eight away games, they will be taxed (based on 1/16th of their pay) by each State (and some cities) that they play an away game in. I travel with my job, and each year I have to file in every state that I worked in that has a State income tax.
If a player plays for a team in one of the States with a zero State income tax rate, then they pay no state income taxes on the money they earned for the eight home games. However, for the team's eight away games, they will be taxed (based on 1/16th of their pay) by each State that they play an away game in. I travel with my job, and each year I have to file in every state that I worked in that has a State income tax.
the higher tax rate jurisdictions are places which much higher real estate costs but for Buffalo. And 4.6m is not an amount anyone ignores on a 66m desk. It is a significant amount.
but the decision on signing with one team or another during free agency should involve more. The cost of living (real estate cost), access to services (medical, education, recreation, etc.), proximity to family all weigh in the calculus. I have to believe management provide players with a total picture of their franchise as a recruitment pitch...
but the decision on signing with one team or another during free agency should involve more. The cost of living (real estate cost), access to services (medical, education, recreation, etc.), proximity to family all weigh in the calculus. I have to believe management provide players with a total picture of their franchise as a recruitment pitch...
yep. just like any company recruiting. taxes are just one piece of the picture. i'm sure some players would prefer to raise their kids in one state versus another.
so it can be done. The tax issue is a real one, but not something the Giants can do much about (other than offer more money). The reality is that Jax is a better destination right now for a number of reasons - state income tax, weather, cost of living, and they are a SB contender. That is a tough mix to contend with.
and tax reform further exacerbated the issue. Yes, players do pay state taxes on road games, but if you play in the South -- you play your 8 home games plus the 3 division games in low tax states... play in the Northeast, and you've got 8 home games + division road games in high tax states.
It. Matters.
I know leagues like to keep things simple but its too much common sense in salary cap leagues to adjust salary caps to cost of living. You dont have to go crazy about it but NY hockey/basketball/football teams should have call it $5 million extra cap space vs a Florida or Texas team. No brainer.
And attracting free agents to their sports teams would have to be about the worst reasoning for state tax policy.
Don't know about the whole chart but have strong suspicions about Cali. I won't bring that up here.
Nice and no "CEO" tax. The more things change...
But is that on the NFL and ultimately the fans or the States to settle (or not).
hehe yeah I'm sure you'd be getting hit by the 13.3% tax
yep. just like any company recruiting. taxes are just one piece of the picture. i'm sure some players would prefer to raise their kids in one state versus another.
It. Matters.
I know leagues like to keep things simple but its too much common sense in salary cap leagues to adjust salary caps to cost of living. You dont have to go crazy about it but NY hockey/basketball/football teams should have call it $5 million extra cap space vs a Florida or Texas team. No brainer.