Tax Advantage

TDOTSEAHAWK · Feb 15, 2016

I never really thought about this but Seattle is at a huge advantage (with Texas, Florida and Tenessee teams) over other team because of their lack of a state income tax. Despite the fact that there is a sales tax - that won't affect athletes nearly as much as it is a regressive tax.

http://www.forbes.com/sites/jimpagels/2 ... 7f6eb56fea

Just interesting that our lower salary values may not be quite as low when considering the tax implications of playing here compared to California or New York.

onanygivensunday · Feb 15, 2016

What you say is true but only affects the home schedule.

My understanding is away games are taxed by the respective states.

jammerhawk · Feb 15, 2016

Are you sure that can't be contacted out by the language of the players contract?

TDOTSEAHAWK · Feb 15, 2016

onanygivensunday":2ypcv65e said:
What you say is true but only affects the home schedule.

My understanding is away games are taxed by the respective states.

http://www.prosportstax.com/Images/Atta ... e0a858.pdf

http://www.accountingweb.com/tax/sales- ... ugh-tackle

Partially true - 2 days pay from the weekly game check is paid in the state where the game was played. The rest in the home state. Also, any other pay (workouts, signing bonuses etc) would be taxed within the home state.

bigDhawk · Feb 15, 2016

TDOTSEAHAWK":28s6e899 said:
I never really thought about this but Seattle is at a huge advantage (with Texas, Florida and Tenessee teams) over other team because of their lack of a state income tax. Despite the fact that there is a sales tax - that won't affect athletes nearly as much as it is a regressive tax.

http://www.forbes.com/sites/jimpagels/2 ... 7f6eb56fea

Just interesting that our lower salary values may not be quite as low when considering the tax implications of playing here compared to California or New York.

No income tax here in Texas. There is a sales tax and a rather steep property tax.

TheHawkster · Feb 15, 2016

Yes, game checks vary greatly depending on the state you are playing in.

Want to get into the darker side of sports? Ask athletes which states are the best to get injured in.
L & I claims are processed through the state you get injured in as well.
I talked to someone 10-15 years ago and they said that (I believe it was) Arizona was a great state to go out on injury in.
Laws change but you'll see patterns of players in all sports going down in certain cities.
It's obviously different for teams with good records as opposed to bad records and how important a player is to a team.

Siouxhawk · Feb 15, 2016

TheHawkster":kd81hv19 said:
Yes, game checks vary greatly depending on the state you are playing in.

Want to get into the darker side of sports? Ask athletes which states are the best to get injured in.
L & I claims are processed through the state you get injured in as well.
I talked to someone 10-15 years ago and they said that (I believe it was) Arizona was a great state to go out on injury in.
Laws change but you'll see patterns of players in all sports going down in certain cities.
It's obviously different for teams with good records as opposed to bad records and how important a player is to a team.

I don't understand what you mean when you say there's a pattern in that players get injured in certain cities? When you're injured, you're injured ... pretty cut and dried. Are you suggesting players are faking injury in certain cities to get better compensation?

TDOTSEAHAWK · Feb 15, 2016

bigDhawk":t33wvhw8 said:
TDOTSEAHAWK":t33wvhw8 said:

I never really thought about this but Seattle is at a huge advantage (with Texas, Florida and Tenessee teams) over other team because of their lack of a state income tax. Despite the fact that there is a sales tax - that won't affect athletes nearly as much as it is a regressive tax.

http://www.forbes.com/sites/jimpagels/2 ... 7f6eb56fea

Just interesting that our lower salary values may not be quite as low when considering the tax implications of playing here compared to California or New York.

Click to expand...

No income tax here in Texas. There is a sales tax and a rather steep property tax.

I did mention Texas, Florida and Tennessee.

Yeah I figured these states have other means of generating income. Tennesee has a luxury tax for each game for each player of $2,500.

TheHawkster · Feb 15, 2016

Siouxhawk":390objic said:
TheHawkster":390objic said:

Yes, game checks vary greatly depending on the state you are playing in.

Want to get into the darker side of sports? Ask athletes which states are the best to get injured in.
L & I claims are processed through the state you get injured in as well.
I talked to someone 10-15 years ago and they said that (I believe it was) Arizona was a great state to go out on injury in.
Laws change but you'll see patterns of players in all sports going down in certain cities.
It's obviously different for teams with good records as opposed to bad records and how important a player is to a team.

Click to expand...

I don't understand what you mean when you say there's a pattern in that players get injured in certain cities? When you're injured, you're injured ... pretty cut and dried. Are you suggesting players are faking injury in certain cities to get better compensation?

Nobody is healthy in the NFL after a few games in.
I remember Michael Boulware talking with Mitch Levy about being healthy all year.
Michael said "It's Wednesday and it hurt to pick up my milk at breakfast. That's healthy in the league."

Players are just like any of us in the working world. You might be banged up but still working and trying to get through something.
What I'm saying is there are places where athletes say enough is enough faster than other places.

BlueTalon · Feb 16, 2016

TDOTSEAHAWK":2ar3su7i said:
I never really thought about this but Seattle is at a huge advantage (with Texas, Florida and Tenessee teams) over other team because of their lack of a state income tax.

When Hutch signed with the Vikings, I checked the state taxes in MN. His $49M became $45M and change, because the state income tax was around $4 Million.

(snicker)

Anonymous · Feb 16, 2016

I'm moving this one in here as it is not directly Seahawks related.

:thcoffee:

Sgt. Largent · Feb 16, 2016

onanygivensunday":2hsuzx5b said:
What you say is true but only affects the home schedule.

My understanding is away games are taxed by the respective states.

They are, but it's a one day pro-rated amount of one game check...........or something to that effect.

But states take into account total annual income, so I still think the player takes the full hit on the state income tax, regardless of out of state taxes.

Either way, it's a big deal and definitely something players take into account when choosing where to play. If they say different, they're lying.

pehawk · Feb 16, 2016

HoustonHawk82":2p05ojoa said:
I'm moving this one in here as it is not directly Seahawks related.

:thcoffee:

Thank goodness.

hawksfansinceday1 · Feb 17, 2016

BlueTalon":6popm5x1 said:
TDOTSEAHAWK":6popm5x1 said:

I never really thought about this but Seattle is at a huge advantage (with Texas, Florida and Tenessee teams) over other team because of their lack of a state income tax.

Click to expand...

When Hutch signed with the Vikings, I checked the state taxes in MN. His $49M became $45M and change, because the state income tax was around $4 Million.

(snicker)

Huck Futch.

My nick for him has always been "Hutchitraitor".

Anonymous · Feb 17, 2016

pehawk":3jq9j61n said:
HoustonHawk82":3jq9j61n said:

I'm moving this one in here as it is not directly Seahawks related.

:thcoffee:

Click to expand...

Thank goodness.

:les:

SeaJax · Feb 18, 2016

This should explain why Irvin is willing to take a "hometown" discount staying in Seattle. If he signs with Atlanta like many suspect, the state of Georgia has a 6% state income tax. Without doing the math, 8 games a year in Atlanta instead of Seattle over the life of 3 plus years could equal a couple million over the life of the deal.

He is basically saying he'll stay in Seattle if everything is equal.

Rambitious · Feb 23, 2016

California has a large State income tax, so in that context the 49ers, Rams, Chargers and Raiders would be at a bit of a disadvantage.

However, the Rams now being in Los Angeles might now be able to offset that with L.A./Hollywood etc., endorsement deals.

Tax Advantage

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