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Manning saved millions in taxes by opting for Denver over SF
SacBee: Capitol Alert ^ | 3/23/12 | Dan Walters

Posted on 03/23/2012 1:58:24 PM PDT by SmithL

We'll never know whether it played a role in quarterback Peyton Manning's decision to play for the Denver Broncos rather than the San Francisco 49ers, but the California Taxpayers Association says that it could save the football star millions in state income taxes.

(Excerpt) Read more at blogs.sacbee.com ...


TOPICS: Government; News/Current Events; US: California; US: Colorado
KEYWORDS: 49ers; broncos; goldenstate; manning
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1 posted on 03/23/2012 1:58:38 PM PDT by SmithL
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To: scott says

fyi


2 posted on 03/23/2012 2:00:46 PM PDT by SmithL (If you reward certain behavior, don't be surprised when you see more of that behavior)
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To: SmithL

Denver’s a nicer place too.

Great city with great weather.


3 posted on 03/23/2012 2:03:02 PM PDT by Mears (Alcohol. Tobacco. Firearms. What's not to like?)
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Comment #4 Removed by Moderator

To: SmithL

“Tell Michael it was only business...”


5 posted on 03/23/2012 2:04:30 PM PDT by gov_bean_ counter (Romney - Santorum: Twin Sons of Different Mothers...)
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To: SmithL

The California IRS should prosecute Manning for tax evasion.


6 posted on 03/23/2012 2:07:26 PM PDT by Joe the Pimpernel (Islam is a religion of peace, and Moslems reserve the right to slaughter anyone who says otherwise.)
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To: SmithL
We'll never know whether it played a role in quarterback Peyton Manning's decision to play for the Denver Broncos rather than the San Francisco 49ers, but the California Taxpayers Association says that it could save the football star millions in state income taxes.

He must be a Republican.

Democrat's can only make MORE money by going to California.

7 posted on 03/23/2012 2:08:07 PM PDT by EGPWS (Trust in God, question everyone else)
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To: SmithL

Take the hint, ‘Frisco.


8 posted on 03/23/2012 2:11:38 PM PDT by YHAOS (you betcha!)
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To: SmithL

Take the hint, ‘Frisco.


9 posted on 03/23/2012 2:12:09 PM PDT by YHAOS (you betcha!)
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To: Mears
Denver’s a nicer place too. Great city with great weather.

And not as many unusual people.

10 posted on 03/23/2012 2:12:20 PM PDT by SandyInSeattle (Smith & Wesson: The original point and click interface)
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To: SmithL

They’ll never have to use snow plows to clear the field in Santa Clara. He could have played in the new stadium in a couple years.. now it’s 5 years at high altitude? I don’t know.


11 posted on 03/23/2012 2:15:57 PM PDT by NormsRevenge
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To: SmithL
Tebow prayed for something to help Denver win the next super bowl, his prayer was answered. That is a joke.
12 posted on 03/23/2012 2:16:06 PM PDT by org.whodat
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To: SmithL

So why did he turn down the Dolphins?


13 posted on 03/23/2012 2:18:02 PM PDT by massgopguy (I owe everything to George Bailey)
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To: SmithL

So why did he turn down the Dolphins?


14 posted on 03/23/2012 2:18:13 PM PDT by massgopguy (I owe everything to George Bailey)
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To: SmithL

I present the idea that he would have saved a lot more had he gone to Miami


15 posted on 03/23/2012 2:22:59 PM PDT by taxcontrol
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To: SmithL

John Elway, John Lynch, and Tiger Woods are all native Californians who made a lot of money in sports. They all moved out of California. The California Francise Tax Board collects a high percentage of nothing from them.


16 posted on 03/23/2012 2:35:14 PM PDT by forgotten man (forgotten man)
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To: forgotten man

In Tiger’s case, moving out saves him a lot in taxes, BUT if he plays a tournament in California he gets taxed on any earnings. Same goes for Manning when he plays the Oakland Raiders for example - he would pay tax on his earnings in California. Sounds like a racket, but that is what these states do. Sports figures can have very complicated tax returns.


17 posted on 03/23/2012 2:52:31 PM PDT by I Drive Too Fast
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To: SmithL

Tebow, on the other hand, just saw his tax bill increase dramatically.

Whether he lives in NY or Jersey, he will have a huge tax bill.


18 posted on 03/23/2012 2:53:55 PM PDT by Retired Greyhound (.)
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To: massgopguy

Because the Dolphins are a train wreck. Nobody said taxes was the only reason he picked his destination, just that his pick saved him a lot of tax $.


19 posted on 03/23/2012 2:54:55 PM PDT by discostu (I did it 35 minutes ago)
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To: SmithL

Maybe California and San Francisco can sue Manning to try to recover the lost taxes he will not pay to California because he does not live in California and will only pay taxes for the games he will play there, but not he games he will play elsewhere.

I am hoping that sentence is as convoluted as the Dan Walter’s whole story is.


20 posted on 03/23/2012 3:11:57 PM PDT by Tupelo ( 2012 TEA PARTYER but no longer a Republican)
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