So, basically, you're quoting franklin in the Iggy trade. Thanks, you prideful prick.
Salary Floor (Kind of a big deal)
- Thread starter margodydek
- Start date
So, basically, you're quoting franklin in the Iggy trade. Thanks, you prideful prick.
Joe Bagadonuts
Well-Known Member
The tax rate is what makes it so unattractive.
freakazoid
Well-Known Member
The new rules will eventually make it more difficult for more teams to offer attractive contracts. With fewer Max contracts available, there will be more solid players able to be signed to good, but not Max contracts. In that scenario, a team with cap space (UTAH) will become a much more attractive destination for players.
theNBAnerd
Well-Known Member
re: the toronto discussion... i don't remember the details, but i remember reading that toronto actually has several tax ADVANTAGES for nba players. something about some loopholes in their tax law that make a lot of their salary tax exempt if their a foreign national playing ball in canada.
someone like steve nash might not have the same loophole cuz he's canadian, but i think USA guys or other players international to canada get tax breaks if they are there to do something like play ball.
someone like steve nash might not have the same loophole cuz he's canadian, but i think USA guys or other players international to canada get tax breaks if they are there to do something like play ball.
Geography
Toronto located pretty close to NYC?
Could not tell if this was sarcasm, but assuming it is not: SLC is about as close to places like Denver, Reno, Las Vegas, Flagstaff as Toronty is to NYC. Toronto is not far from New York State (Buffalo), but much closer to Pittsburgh, Detroit and Cleveland than to NYC. About a 500 mile drive. Not so bad if you have a share of a private jet, but I'm not sure if Ed Davis and Jose Calderon are partying in Manhattan, unless they are playing the Knicks.
Toronto located pretty close to NYC?
Could not tell if this was sarcasm, but assuming it is not: SLC is about as close to places like Denver, Reno, Las Vegas, Flagstaff as Toronty is to NYC. Toronto is not far from New York State (Buffalo), but much closer to Pittsburgh, Detroit and Cleveland than to NYC. About a 500 mile drive. Not so bad if you have a share of a private jet, but I'm not sure if Ed Davis and Jose Calderon are partying in Manhattan, unless they are playing the Knicks.
Gyp Rosetti
Banned
If anyone really cares, according to my wife Utah taxes all earned income no matter what state it was earned in. California doesn't even do this.
A quick search said Utah taxes above FAGI in these scenarios and definitely double taxes here when considering John Stockton's old quote about taking more time figuring out each state's taxes than figuring out the game. There has been discussion of other states considering players coming in to one of their arenas to be earning that day's paycheck inside that state, even though the check comes from the home state.
So there's a bunch of questions designed to make us say "who gives a **** about Toronto's tax structure".
A quick search said Utah taxes above FAGI in these scenarios and definitely double taxes here when considering John Stockton's old quote about taking more time figuring out each state's taxes than figuring out the game. There has been discussion of other states considering players coming in to one of their arenas to be earning that day's paycheck inside that state, even though the check comes from the home state.
So there's a bunch of questions designed to make us say "who gives a **** about Toronto's tax structure".
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Gyp Rosetti
Banned
According to your wife, you suck where it matters most though.
Having moved into and out of Utah a few times, I can tell you that Utah has a tax worksheet that calculates and credits state taxes. When I moved to Wyoming mid year (which has no State income tax) I did not have to pay Utah taxes on my Wyoming income. Same when I moved back to Utah.
Must be from Utah.