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NBA Tax rates by state
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martin
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6/14/2016  3:56 PM
random bit of info:

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NardDogNation
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6/14/2016  7:52 PM
...I wonder if this is apportioned to millionaire salaries.
Andrew
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6/14/2016  8:49 PM
NardDogNation wrote:...I wonder if this is apportioned to millionaire salaries.

Looks like it is....described as top tax rates.

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Nalod
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6/15/2016  8:24 AM
Residents usually pay taxes in other areas. In NC, I pay high tax when I register my car every year. My real estate taxes are ok as I live in a big city instead of "in the county". Florida taxes residence in other places. Not to say its lower than NY, but one has to look a bit deeper to understand where things balance out to some extent.

I have read the CBA will address this in the next go around to level the playing field. If money is the priority for a player and all things being equal, money talks.

Bonn1997
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6/15/2016  8:32 AM
Nalod wrote:Residents usually pay taxes in other areas. In NC, I pay high tax when I register my car every year. My real estate taxes are ok as I live in a big city instead of "in the county". Florida taxes residence in other places. Not to say its lower than NY, but one has to look a bit deeper to understand where things balance out to some extent.

I have read the CBA will address this in the next go around to level the playing field. If money is the priority for a player and all things being equal, money talks.


Yeah, if you look at the smaller print it says, "Here's the top tax rate that pro basketball players will encounter as they travel from game to game throughout the season." So you pay the taxes for the location you're playing in. State tax differences affect you only for the 41 home games each year as far as I can tell.
Nalod
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6/15/2016  8:40 AM
States tax you for the work you do. If you play 41 games a year in that state and live in florida the rest of the time you still gotta pay for the work you do in the state you work in.

For years guys like Shaq kept their place in florida and smoothed out their pay during the year so they paid less. For example he played in California. Tennesee tried to levy a Tax per game for visiting players but it was recently deemed illegal.

Bonn, while your correct, your also not including all of it.

For years its why Golfers and Tennis players lived in Florida. They are now taxed in the states they win earnings. Endorsement deals still matter so many still live their as its advantageous, other than its Florida and swamp filled penal colony.

Bonn1997
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6/15/2016  8:48 AM
Nalod wrote:States tax you for the work you do. If you play 41 games a year in that state and live in florida the rest of the time you still gotta pay for the work you do in the state you work in.

For years guys like Shaq kept their place in florida and smoothed out their pay during the year so they paid less. For example he played in California. Tennesee tried to levy a Tax per game for visiting players but it was recently deemed illegal.

Bonn, while your correct, your also not including all of it.

For years its why Golfers and Tennis players lived in Florida. They are now taxed in the states they win earnings. Endorsement deals still matter so many still live their as its advantageous, other than its Florida and swamp filled penal colony.


I'm not sure I follow. Maybe it's not this simple but I was thinking that you're doing official NBA work only 82 days a year (plus playoffs). So half of those days, you'd pay your home tax rate and the other half you'd pay the road tax rate.
SwishAndDish13
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6/15/2016  9:06 AM
I believe the NY number is low-balled. It looks like the number if you play outside of NYC. Then this only applies to legends like Jimmer. NYC taxes are in the 5-6% range so it would be significantly higher if I'm not mistaken.
Bonn1997
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6/15/2016  9:28 AM
SwishAndDish13 wrote:I believe the NY number is low-balled. It looks like the number if you play outside of NYC. Then this only applies to legends like Jimmer. NYC taxes are in the 5-6% range so it would be significantly higher if I'm not mistaken.

yeah it's just state taxes

SwishAndDish13
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6/15/2016  9:37 AM
Bonn1997 wrote:
SwishAndDish13 wrote:I believe the NY number is low-balled. It looks like the number if you play outside of NYC. Then this only applies to legends like Jimmer. NYC taxes are in the 5-6% range so it would be significantly higher if I'm not mistaken.

yeah it's just state taxes

Thanks for clarifying that. It said pro-basketball. So I wanted to give them the benefit of the doubt. That's a pretty significant oversight considering how high NYC taxes are.

Bonn1997
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6/15/2016  9:48 AM
SwishAndDish13 wrote:
Bonn1997 wrote:
SwishAndDish13 wrote:I believe the NY number is low-balled. It looks like the number if you play outside of NYC. Then this only applies to legends like Jimmer. NYC taxes are in the 5-6% range so it would be significantly higher if I'm not mistaken.

yeah it's just state taxes

Thanks for clarifying that. It said pro-basketball. So I wanted to give them the benefit of the doubt. That's a pretty significant oversight considering how high NYC taxes are.


I don't think it's an oversight. It just would require 2 maps or 1 more complicated map that included cities. If they then included cost of living, endorsements, and all other relevant factors, the map would be unreadable. I think this map is meant to just give one useful piece of info.
SwishAndDish13
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6/15/2016  10:08 AM
Bonn1997 wrote:
SwishAndDish13 wrote:
Bonn1997 wrote:
SwishAndDish13 wrote:I believe the NY number is low-balled. It looks like the number if you play outside of NYC. Then this only applies to legends like Jimmer. NYC taxes are in the 5-6% range so it would be significantly higher if I'm not mistaken.

yeah it's just state taxes

Thanks for clarifying that. It said pro-basketball. So I wanted to give them the benefit of the doubt. That's a pretty significant oversight considering how high NYC taxes are.


I don't think it's an oversight. It just would require 2 maps or 1 more complicated map that included cities. If they then included cost of living, endorsements, and all other relevant factors, the map would be unreadable. I think this map is meant to just give one useful piece of info.

Good point. I didn't think they should get beyond taxes. I didn't factor in that other cities may have their own. I thought NYC was the only significant one but I haven't researched it at all.

CrushAlot
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6/23/2016  5:07 PM
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SwishAndDish13
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6/23/2016  10:27 PM
CrushAlot wrote:

Lol! Hahaha! What a trash system this league has! Gonna locked out for a decade.

Bonn1997
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6/24/2016  8:07 AM    LAST EDITED: 6/24/2016  8:11 AM
CrushAlot wrote:

Earning more but getting less? Those taxes pay for police, fire, road repair, etc.
Obviously they also pay for services an NBA player might not directly care about but still benefits from (education, parks, etc.)

RonRon
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6/24/2016  8:44 AM    LAST EDITED: 6/24/2016  8:45 AM
IMO, the League and Adam Silver NEEDS TO FIX THIS this summer or before the next bargaining agreement in 2017 (next summer)
Not sure if this a "legal" issue but considering that players travel all over to every city bringing income in for all Cities/States for many jobs/incomes

The league NEEDS other teams in order to have a league, same for ALL PLAYERS
Owners agreed to sharing income whether it is the Knicks/Lakers vs teams like Philly/Kings etc (they have completely different prices for a seat/ticket to a game
Teams should not be punished for acquiring talent whether it is through FA, Draft, (Undrafted FA's), or signing contract extensions etc
You can NOT allow the same teams to get favoritism from TAX being a factor (as player SHOULD try to make as much money as they can)
Without it, would Lebron/Wade/Bosh have been able to take much less together?

EVERY SEASON

Houston takes advantage of this, signing undrafted talents with partial guarantees (they also have signed them and trade them in the short future to get back assets)


With Texas (3 teams)

Spurs
Dallas
Houston

and

Florida (2 teams)

Heat
Magic


It is a clear advantage for teams and disadvantage for others
The league has to give the same salary for ALL CONTRACTS, whether it is dividing the TAX INCOME with the higher/lower ones
That has been part of the reason why NYK's (along with their mess this past decade) they have questionable ability to attract talent whether it is through FA or Undrafted FA's

Miami is trying to get Whiteside to sign for less than the max, Riley's argument is that it is still more than what a MAX offer would net on some other teams vs Miami

djsunyc
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6/24/2016  9:22 AM
where's toronto?

toronto would actually be highest at 13.5%. another reason why any contract we give out, will have to be higher than what other teams would have to give out.

RonRon
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6/24/2016  9:48 AM
Whether it is Toronto (not sure how that would work for legal issues since it is a difference Country)
Again, if they can share basketball related income to ALL TEAMS then they have to find a way to average out the TAX (of what the players make) for ALL NBA TEAMS


However I agree, ALL PLAYERS MUST MAKE THE SAME AMOUNT OF MONEY if given the same contract
How they do it is irrelevant, Adam Silver/The NBA LEAGUE MUST get this done as it as a great effect on teams rosters/talents and ability to acquire CHEAP talents


No team should get an advantage to sign talent because of TAX reasons and we have to eliminate it from the equation


For many years,
Houston has taken advantage of this, giving out partial guarantees that is giving these players incentives to make as much money as possible
Most of the times, these players get CUT anyway but it is NOT the point
There has been times recently where Houston was able to make these players become assets with trades


With the strong winning culture of Spur's/Heat they do not need anymore incentives to give them an advantage when it comes to FA's/Undrafted talents


Also I think the league also has to limit undrafted talents such as Robert Covington
He signed a 4year deal at the VET MIN and likely will become an asset because of his cheap salary/ability to hit the 3pter
maybe just 3year deals at the VET MIN for 0years experience could be 4years if the salaries are higher
Thing is the Union for players have to act in the interest of the majority of the players and which are vets
The union does not really care since the VETS are the ones that get the advantage so they can get higher salaries, making 30-60 times more in 1 year, and the Union get's majority of the $$$ of Vets


For Covington, he probably loss out on his opportunity to earn a decent contract with his physical prime
Maybe an answer to this could be just 1 or 2 players that you can do this with in your entire roster
I do not think his contract is even guaranteed which would suck if a Livingston type of freak injury happens to him

Covington got lowballed but it is a lot more money than what D League's would make
So many less talented players will make more money than he would make in 1-2 seasons than Covington could make if he got injured

I like how the years of contracts length went from 6 to 5 on teams WITH bird rights and from 5years to 4years WITHOUT Full Bird Rights since the last CBA where they finished with the 51% BRI split

CrushAlot
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6/24/2016  9:54 AM
Interesting point about Covington and the length of a minimum contract. That is a great deal for the sixers.
I'm tired,I'm tired, I'm so tired right now......Kristaps Porzingis 1/3/18
fishmike
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6/24/2016  10:13 AM
https://en.wikipedia.org/wiki/Jock_tax
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NBA Tax rates by state

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