LEBRON JAMES CHOOSES THE MIAMI HEAT

[Tomlinson21RB]

Florida doesn't have a state income tax. Kill the talk about taking less money.

As of 2009 per http://www.salary.com

Ohio's state income tax for 200K and over is 5.9%
NY state income tax for 20K and over 6.85%
NJ state income tax for 500K and over is 8.9%

He definitely took less to go to Miami. The other teams could have offered him a lot more than 10%

I could be wrong on this, but I had heard this before talking in the LCS... Pro players pay the state tax for each game they play to the state that the game is played in. So, he would only have no taxes on 50% of his salary by playing in Miami. He's still paying taxes for every road game (other than Orlando).

I don't know if that's true or not but it's very interesting. I would like a solid answer on it. If it is true than no state tax in FL is irrelevant.

found this:
http://articles.latimes.com/2009/apr/12 ... jock-tax12

 

[kdailey4315]

Florida doesn't have a state income tax. Kill the talk about taking less money.

As of 2009 per http://www.salary.com

Ohio's state income tax for 200K and over is 5.9%
NY state income tax for 20K and over 6.85%
NJ state income tax for 500K and over is 8.9%

He definitely took less to go to Miami. The other teams could have offered him a lot more than 10%

I could be wrong on this, but I had heard this before talking in the LCS... Pro players pay the state tax for each game they play to the state that the game is played in. So, he would only have no taxes on 50% of his salary by playing in Miami. He's still paying taxes for every road game (other than Orlando).

I don't know if that's true or not but it's very interesting. I would like a solid answer on it. If it is true than no state tax in FL is irrelevant.

found this:
http://articles.latimes.com/2009/apr/12 ... jock-tax12

Thanks! That is very interesting. That pretty much makes the no sales tax argument irrelevant then.

 

[Tomlinson21RB]

http://www.salary.com[/url]

Ohio's state income tax for 200K and over is 5.9%
NY state income tax for 20K and over 6.85%
NJ state income tax for 500K and over is 8.9%

He definitely took less to go to Miami. The other teams could have offered him a lot more than 10%

I could be wrong on this, but I had heard this before talking in the LCS... Pro players pay the state tax for each game they play to the state that the game is played in. So, he would only have no taxes on 50% of his salary by playing in Miami. He's still paying taxes for every road game (other than Orlando).

I don't know if that's true or not but it's very interesting. I would like a solid answer on it. If it is true than no state tax in FL is irrelevant.

found this:
http://articles.latimes.com/2009/apr/12 ... jock-tax12

Thanks! That is very interesting. That pretty much makes the no sales tax argument irrelevant then.[/quote:1929rpoi]

At least 50% irrelevant.

 

[RNCoyote]

Now the Heat should trade for Chris Kaman for guilty pleasure. Having four of the currently the top players of their position from the 2004 lottery draft starting on one team. Heat do need a big man.

 

[gt2590]

The no sales tax in your home state is still huge. Don't forget most big athletes also make a ton of endorsement money which is charged to their HOME address, and saving that is pretty substancial.

Also, the "jock tax" doesn't affect bonuses, signing bonuses, that type of thing either. So it's still a big drawing point for pro athletes.

Internationally, there some countries with no income tax, like Monaco, that attract the big athletes for those reasons.

 

[LazerShow15]

He will make $1 million more than he would have in CLeveland due to all of the income tax stuff. Remember there is a jock tax in cities he visits too.

 

[Adamsince1981]

Remember those cheap Topps Mattrix RC's with BronBron, DWade, and Bosh....yeah, those might see some spikage....

Well, I called #1 on the Hot List very early on...

http://www.freedomcardboard.com/