View Full Version : Why wont NBA allow for adjusted salary regarding no income tax
Knicksfever2010
07-01-2015, 01:29 AM
States that do not have an income tax are seeing an influx of star players. If the Knicks offer a player worth $100 million is not the same as the Heat offering $100 million.
We saw it with MLB back in the day when a player signed a contract with either the Expos or Blue Jays and the dollar was worth more than it was in Canada. They actually adjusted for the difference.
Wish the NBA would do the same.
States that do not have an income tax are seeing an influx of star players. If the Knicks offer a player worth $100 million is not the same as the Heat offering $100 million.
We saw it with MLB back in the day when a player signed a contract with either the Expos or Blue Jays and the dollar was worth more than it was in Canada. They actually adjusted for the difference.
Wish the NBA would do the same.
Why should the NBA adjust for a state whose voters choose to vote in politicians who TAX so much? Why do you think people/companies are leaving California to go to Texas? Should the NBA then "help" out teams that aren't in big markets just to be "fair" - after all, they can't get the TV deals that the big markets get.
GimmeThat
07-01-2015, 01:42 AM
and who would want the NBA to tax any of the players endorsements deal
ISHGoat
07-01-2015, 01:46 AM
Why should the NBA adjust for a state whose voters choose to vote in politicians who TAX so much? Why do you think people/companies are leaving California to go to Texas? Should the NBA then "help" out teams that aren't in big markets just to be "fair" - after all, they can't get the TV deals that the big markets get.
like revenue sharing and salary caps?
imnew09
07-01-2015, 01:47 AM
They're making millions still... worry about your own taxes man
like revenue sharing and salary caps?
My bad. I apologize, and take back the last sentence of my previous post.
Mgamer20o0
07-01-2015, 03:14 AM
States that do not have an income tax are seeing an influx of star players. If the Knicks offer a player worth $100 million is not the same as the Heat offering $100 million.
We saw it with MLB back in the day when a player signed a contract with either the Expos or Blue Jays and the dollar was worth more than it was in Canada. They actually adjusted for the difference.
Wish the NBA would do the same.
its not as much as it seems as they have to pay income tax in each state they play in for the games they play in that state.
Sarcastic
07-01-2015, 04:00 AM
Why should the NBA adjust for a state whose voters choose to vote in politicians who TAX so much? Why do you think people/companies are leaving California to go to Texas? Should the NBA then "help" out teams that aren't in big markets just to be "fair" - after all, they can't get the TV deals that the big markets get.
For the same reason they have a salary cap. Or should we just allow NY and LA to offer unlimited deals to any player?
#number6ix#
07-01-2015, 05:52 AM
This niqqa worried about somebody else's money
Leftists policies have far reaching consequences.
You see?:lol
Real Men Wear Green
07-01-2015, 08:03 AM
It would be too much of a headache. Depending on who does a player's taxes, the tax rules of the state, what deductions they claim, etc. I bet that every individual player would have a unique tax situation and now teams would have to ask players for their tax returns to figure out what they should be getting paid after they've already paid them. They could make it work with some effort but for the overall NBA it's not an issue worth addressing.
MaxFly
07-01-2015, 08:10 AM
Why should the NBA adjust for a state whose voters choose to vote in politicians who TAX so much? Why do you think people/companies are leaving California to go to Texas? Should the NBA then "help" out teams that aren't in big markets just to be "fair" - after all, they can't get the TV deals that the big markets get.
As another poster has pointed out, the NBA does this... revenue sharing and salary cap limits are designed to help teams in smaller markets remain competitive with teams in larger markets.
Knicksfever2010
07-01-2015, 08:38 AM
You always hear about how players dont want to play in NY because they would have to pay income tax, whereas in Florida/Texas there is no income tax and hence their contract is worth more
It doesn't work exactly like that anyway. The players get charged different pcts because the NBA is incorporated in a particular state, etc. It's a non issue. Reporters always bring it up as an issue but it's not really. Players aren't that savvy for the most part to worry about it.
Knicksfever2010
07-01-2015, 08:47 AM
It doesn't work exactly like that anyway. The players get charged different pcts because the NBA is incorporated in a particular state, etc. It's a non issue. Reporters always bring it up as an issue but it's not really. Players aren't that savvy for the most part to worry about it.
If reporters always bring it up, YES its an issue. Dont always shoot down my ideas. You're not some mythical figure that gets to decide what is okay to discuss. You're not a delicate genius.
konex
07-01-2015, 09:45 AM
No state income tax sounds like a great deal until you actually move to one of those states. Insane property tax on everything (not just homes and the usual), tolls all over the place, ridiculous sales tax etc.
You will pay that money one way or the other...
konex
07-01-2015, 09:47 AM
It doesn't work exactly like that anyway. The players get charged different pcts because the NBA is incorporated in a particular state, etc. It's a non issue. Reporters always bring it up as an issue but it's not really. Players aren't that savvy for the most part to worry about it.
Good point. Ignorant reporters don't get that the athletes are taxed per venue each game...
No state income tax sounds like a great deal until you actually move to one of those states. Insane property tax on everything (not just homes and the usual), tolls all over the place, ridiculous sales tax etc.
You will pay that money one way or the other...
Nope - some states are just more fiscally sound than others - we don't tax and spend like crazy. Here in Florida - 6% sales tax and residence capped at 3% increase in assessed value for property tax per year - that's dirt cheap. Together with the weather, that's why so many retirees come here.
Our state pension system's in pretty good shape too (compared to other states that are gonna get killed with their pension obligations). But then we don't sign on for things we can't pay for like Obamacare's expansion of Medicaid. Now, if only we could attract the tech sector like Texas has - but tourism rules here.
Good point. Ignorant reporters don't get that the athletes are taxed per venue each game...
But they do get taxed for their investments/endorsements based on the state they live/spend the most time in - which should eventually be the majority of their income/assets (not payroll).
Mgamer20o0
07-01-2015, 04:37 PM
But they do get taxed for their investments/endorsements based on the state they live/spend the most time in - which should eventually be the majority of their income/assets (not payroll).
where they live/ get taxed at doesnt have to be in the state they play in.
where they live/ get taxed at doesnt have to be in the state they play in.
How does a person determine state residency? Is it wherever a player spends at least 50% of the year + 1 day in? - like the snowbirds who have 2 houses (1 in the north and 1 in the south)?
Or wherever your primary residence is?
How does a person determine state residency? Is it wherever a player spends at least 50% of the year + 1 day in? - like the snowbirds who have 2 houses (1 in the north and 1 in the south)?
Or wherever your primary residence is?
it depends on the state. but you also get taxed in the states you work. It's complicated, varies by location, and not interesting so i will stop.
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