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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

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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To: Mears
Denver’s a nicer place too.

Great city with great weather.


Note that the 49ers HQ and practice facility is in Santa Clara, about 45 miles south of San Francisco. Most of the players live down here too. The only time most go up to SF is for games at Candlestick. And starting in 2014, they won't even need to do that since the 49ers will start playing their home games down here.

Santa Clara is a nice, pleasant suburban area with a lot of technology campuses - it's in Silicon Valley after all. Housing prices are not rational, but Manning wouldn't need to care about that. Taxes are also not rational, and that's definitely something anyone who wants to live here must deal with.
21 posted on 03/23/2012 3:33:02 PM PDT by AnotherUnixGeek
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To: AnotherUnixGeek

Thanks for that info on Santa Clara. I’ve never been there.

That said,Go Pats !!!!!!


22 posted on 03/23/2012 3:51:26 PM PDT by Mears (Alcohol. Tobacco. Firearms. What's not to like?)
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To: Mears
Denver’s a nicer place too.
Great city with great weather.

Lived in Denver for about eight years back in the late 1960's thru mid 1970's. Over New Years '71-'72 I flew out to San Fran to spend a few days with an old Marine buddy I hadn't seen in several years. He had a nice place in Sausalito and being straight had more than his fair share of lovely young lady friends ... we were both bachelors so it was an eventful few days. My point to this overly long story was when I said I was from Denver the people I met seemed genuinely impressed. Now understand if you live in the Bay area, especially Sausalito and Tiburon, it's easy to be a little arrogant. Anyway, it occurred to me that had I said I was from Omaha, or KC, (both nice cities) I'm sure I wouldn't have had the same response. What's more, one of the young ladies (a flight attendant) stopped over in Denver about a month later and we had a nice evening together.

23 posted on 03/23/2012 3:59:46 PM PDT by BluH2o
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To: SmithL

Another reason I thought he’d pick Tennessee. No state income tax. And he has close family near Nashville and has several businesses (like the D1 Center) where I live in Franklin.

I actually thought it was a bad idea to go after him but Bud Adams makes some really stupid decisions i.e. Vince “crybaby” Young.


24 posted on 03/23/2012 4:13:47 PM PDT by Fledermaus (Democrats are dangerous and evil. Republicans are just useless.)
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To: SmithL

Manning is simply cashing in, getting his retirement account filled up.

No way he carries Denver to a SuperBowl.

There`s a BIG target on his back for defense players and I doubt he lasts 2 years.


25 posted on 03/23/2012 4:14:19 PM PDT by Para-Ord.45
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To: I Drive Too Fast

Correct. Pros have to pay the taxes on where they earn the income. Yeah, every state wants a piece of the pie (off the top).


26 posted on 03/23/2012 4:15:14 PM PDT by Fledermaus (Democrats are dangerous and evil. Republicans are just useless.)
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To: massgopguy

Indeed ... the same goes for Tebow and NY vs Jax.


27 posted on 03/23/2012 4:32:54 PM PDT by NonValueAdded (Limbaugh: Tim Tebow miracle: "He had atheists praying to God that he would lose.")
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To: BluH2o

“-—said I was from Denver the people I met seemed genuinely impressed.”

My daughter’s job took her there for 5 years and she loved it. I visited and was very impressed.

A beautiful city in a beautiful state.


28 posted on 03/23/2012 7:42:14 PM PDT by Mears (Alcohol. Tobacco. Firearms. What's not to like?)
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