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.
I dont know who you are referring to regarding the income taxes being all the players salaries. Its been very clear in all the discussions of this deal that the ‘Players 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 players 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.