Milwaukee:
Posted on 08/15/2015 9:07:50 AM PDT by conservativejoy
They wouldn’t if they understood the economics of it.
However, unless Federal money is involved in the stadium or things related to the stadium, then it is the choice of the people of the State (or city whatever the case may be) to decide what they want to fund.
I personally think they are making a bad business decision, but this is up to the people of the State. There is no law that States cannot make stupid economic decisions.
It’s when they do that and then come begging for Federal help that I have a problem with it. It is implicitly understood that no State is too big to fail ... and will be bailed out. Major cities as well. This should be the line in the sand were conservatives fight. Why, for example, should the entire country have to pay for the mistakes of say, Detroit, or that place in Alabama that got rooked on a sewer treatment plant deal?
States should have the say, but they should also have to pay for their mistakes.
My comment wasn’t directed at you, just the bots of whatever candidate is at hand.
That’s fine. I would vote against them too.
But your fellow citizens voted differently.
So you have to accept that as part of the deal of living in State as part of a Federation of States. States waste their money on a lot of stupid stuff. Voters are responsible for what they vote for.
Oh Poof ! Walker declared the state of Wisconsin pay for a NBA stadium ?
What seems to be missing in this anti-Walker diatribe is that this issue was debated on and passed on by both legislative houses in the state of Wisconsin with bi-partisan dupport..If the majority didn’t want it and the “deal” wasn’t right. It would never would have passed.
Good question...
Players pay each state income taxes that they play in during the season.
http://www.nytimes.com/2013/12/13/sports/athletes-question-fairness-of-tennessees-jock-tax.html?_r=0
“NFL players typically file in 10 to 12 jurisdictions. NBA is somewhere between 16 and 20. MLB is somewhere between 20 and 26, and the NHL is between 14 and 16,” says Losi.
Read more: http://www.bankrate.com/finance/taxes/taxes-cost-professional-athlete.aspx#ixzz3iuJHZUIj
Follow us: @Bankrate on Twitter | Bankrate on Facebook
-—this discussion you may wish to avoid is in need of some specific information posted by some kind of liberal utilizing semi-accusations?
Translation to English?
That’s right. A lot of big time Dems in the state legislature was for this deal as well. Walker didn’t just unilaterally do this deal on his own, as this (and many other articles) imply.
It doesn’t matter if it had bipartisan support or that the majority of the residents agree with the deal! The relevant theme on this thread is “Walker Is Bad! Look How Bad!”.
conservativejoy is happy to pick up where John & Colleen Chisholm left off. Demonize at every opportunity.
As a general rule, the state in which the income is earned has the priority. The player's state of residency will tax the income, too. When filing the tax return in the state of residency, the player can claim a credit for taxes paid to other states, which limits double taxation of the income. The state (and in some cases, the city) in which the sporting event is played is going to get income tax from players on BOTH teams.
Thanks. Very interesting.
So Wisconsin will not be getting the full income tax off these guy’s entire salaries, but instead only a portion. So supporters who imply they are getting the whole thing for the State are being less than honest.
I wonder about the team owners, coaches, etc too. They rake in huge salaries. They don’t necessarily live in the State where their team is headquartered. So who do they pay State income tax to. If I were them I’d move to a State w/o State income tax.
Charlie Sykes Right Wisconsin backed the deal as it finally got hammered out.
http://www.rightwisconsin.com/winners/Milwaukee-Bucks-319363491.html
I don’t know who you are referring to regarding the income taxes being all the player’s salaries. Its been very clear in all the discussions of this deal that the ‘Player’s Tax’ is collected from visiting players (which would include non-resident Bucks Players. That actually would include coaches and staff at least in the states that collect it as income taxes.
Thus, Wisconsin collects some pretty good taxes from multi-million dollar players as they come and play night by night. Per all the discussions,
Had the Bucks left, Walker said, the state would be out at least $6.5 million a year in income taxes that NBA players and staff currently pay. Over 20 years, Walker said that would have grown by another $169 million (because of player’s salaries rising).
http://sports.yahoo.com/news/walker-signs-bill-fund-milwaukee-bucks-arena-135350038—nba.html
I am a traveling consultant and I have to file income tax returns in States in which I travel to week by week for projects.
It is based on where that game is played. Using the NFL as an example, players get their pay via 16 game checks, one for each game played. If you play for the Green Bay Packers, your pay from your 8 home games are subject to Wisconsin state income tax. Your 8 road games are subject to that state's income tax, unless you home if record for tax purposes is also in Wisconsin. Then you pay state income taxes to both Wisconsin and the state where the road game is played.
If you play a road game in Minnesota against the Vikings, your pay for that game (1/16th of your total pay) is subject to Minnesota state income tax. For many years now, states that have a state income tax have subjected visiting players to state income taxes for the portion of their salaries that was played within their state. If you play a game in a state that doesn't have a state income tax, you only pay state income taxes for that game if your home of record for tax purposes is in a state that has an income tax.
If an athlete was smart, he would make his off season home in one of the state's that doesn't have a state income tax and declare that home their home of record for tax purposes. That way, for any games played in a state with no income tax, you only pay federal taxes for that portion of your salary. For games played in a state with an income tax, only that portion of your pay is subject to state income tax of the state where it was played.
My point was, in the reporting I’ve seen on this issue, supporters make out that the State gets the tax from the players ENTIRE income, which as many here have pointed out, is not true.
I’m sure the State will make a lot of money, but not what is implied in the articles I’ve read supporting building sports stadiums
It’s a pesky thing that I notice when people imply something is true, when it is only partially true. It is a form of lying by omission.
I used google’s ‘incoherent ranter’ to ‘English’ translator as you recommended, but it didn’t really grasp your meaning either.
I think what you are saying is that I should post specifics. However if you review the thread, I have posted 4 links to specific aspects of this question:
The fixed costs of maintaining the State owned Bradley Center
The loss of tax revenues from visiting players
The unique state ownership of the Bradley Center
The clear legal right of the NBA to move the franchise without a new arena.
so I am clearly not avoiding a discussion but am contributing quite specifically and clearly. Your contributions do not...
like this gem...
Yet Milwaukee taxpayers also pay Milwaukee County taxes as well as Wisconsin state taxes. Milwaukee County taxpayers also pay Wisconsin state taxes.
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