News: Kiplinger ranking 32 NFL teams for best tax advantage for players

cern

cern

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Kaiser said:
This is good information but I'm going out on a limb here and saying that the local tax on retail sales isn't the deciding factor for NFL Free Agents.
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order what you want on amazon and avoid paying sales taxes. unless you're in seattle.
 
Kaiser

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cern said:
order what you want on amazon and avoid paying sales taxes. unless you're in seattle.
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Amazon actually tracks your IP address to the local sales tax and applies it. I have a friend who splits between LA and Park City Utah who orders everything in Utah because of the difference.

I, for one, welcome our Bezos Robot Overlords.

i6svebJ.jpg
 
OmerV

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Kaiser said:
This is good information but I'm going out on a limb here and saying that the local tax on retail sales isn't the deciding factor for NFL Free Agents.
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This site didn't indicate that though. It merely factored that into the overall tax situation for players with each team. According to the ranking, some of the higher sales tax areas, like Collin County where "The Star" is located, still left players with those teams in more favorable tax situations than most because not having a state income tax far outweighed the high sales tax. Of course, it's also a little bit of a skewed factor because I doubt very much that every player lives in Collin County.
 
Tangle_Foot

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I don't think it's going to make a difference until some states adopt a bling tax:lmao:
 
cern

cern

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Kaiser said:
Amazon actually tracks your IP address to the local sales tax and applies it. I have a friend who splits between LA and Park City Utah who orders everything in Utah because of the difference.

I, for one, welcome our Bezos Robot Overlords.

i6svebJ.jpg
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I agree. they're specialists at tax avoidance.
 
Cowboys22

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This list has a slight flaw in that it didn’t take into account road games and the fact that players have to pay tax on 1/16th of their salary in the states they played those road games in. So, in reality, this list should be done on a yearly basis with each team’s road schedule taken into account. It won’t mean big changes for the California and New York teams but after them, the list would likely fluctuate each year.
 
HungryLion

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Kaiser said:
This is good information but I'm going out on a limb here and saying that the local tax on retail sales isn't the deciding factor for NFL Free Agents.
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You’re probably right

That being said. I did look at the Part about Philadelphia. Being a resident of the Philly suburbs, I should say that a lot of people making large purchases, just go to Delaware where there is no sales tax, to avoid paying 6%. It’s a short drive from Philly to the Delaware border.
 
Hawkeye0202

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Toruk_Makto said:
Also to be clear nfl players pay state income tax for away games.
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Are you sure? State income is based on residency ( full or part-time ). It's why the question is asked on all state income tax returns. Unless you know something I don't, pretty sure a player with an established full-time home residence in a no state income tax city does not pay any state income tax. "Away" games have no bearing on this. Players are paid via their home base team ( Bucs, Texans, Seahawks etc.). Visiting another team/city has no impact on their income with regard to state taxes as long residency was never established. Again, if there's something missing/off base, I'm all ears.......lol
 
JJHLH1

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You don’t want to play in California if you’re in the NFL. Ouch.
 
OmerV

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Hawkeye0202 said:
Are you sure? State income is based on residency ( full or part-time ). It's why the question is asked on all state income tax returns. Unless you know something I don't, pretty sure a player with an established full-time home residence in a no state income tax city does not pay any state income tax. "Away" games have no bearing on this. Players are paid via their home base team ( Bucs, Texans, Seahawks etc.). Visiting another team/city has no impact on their income with regard to state taxes as long residency was never established. Again, if there's something missing/off base, I'm all ears.......lol
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It only seems like it is based on residency because the vast majority of people work in the state they live.

I've had to pay state income taxes in states I don't live in myself. I live in Texas, but used to spent a lot of time working in New Mexico and Colorado, and have had to pay state income taxes there. But the effect of it is overblown by some on this site because some are treating it as if half of a player's income is earned out of state because 8 games are at home, and 8 games are on the road. That's a false viewpoint because NFL players don't only work 16 days a year.
 
GenoT

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