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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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