Posted on 02/27/2023 5:16:56 AM PST by Oldeconomybuyer
Poyer played in New York for the past six seasons, where state income taxes are higher than most.
Some probably think about it, but free agent star safety Jordan Poyer said it; professional athletes are thinking about state taxes when thinking about where to play next in free agency.
Poyer has become one of the best safeties in the NFL during his time with the Buffalo Bills after joining them in 2017. He signed a four-year, $13 million deal and was given a two-year extension in 2021 worth $19.5 million.
Speaking on his podcast this week, Poyer discussed where he might go in free agency and said that state taxes are among the boxes to check off.
"I would love to go to a state that doesn’t take half my money," he said. "It’s crazy to me how taxes work. Some people will say, ‘You’re already making X amount of money.’ Taxes play a big part in all of our lives."
In New York state, Poyer is in the tax bracket where he makes between $5,000,001 to $25,000,000 annually. He is paying $450,500 plus 10.3% of the amount over $5,000,000 in taxes.
Though Poyer is living better than most because of his lucrative contract, those numbers do not always add up the way people may think after paying his taxes.
Now, if Poyer played in Florida, it is a different story. Florida does not have state income tax, which is why many athletes are intrigued by joining a team down there.
(Excerpt) Read more at foxbusiness.com ...
It seems to depend on the team. The Los Angeles Lakers in high tax California don’t seem to have a problem attracting free agents.
Weather, fame and fortune are factors as well.
Of course, insofar as contracts allow, teams in higher tax states may end up paying more for the equivalent talent—and so it would wash out for individual players.
But winning counts too, along with other factors. E.g., New England in Brady/Belichick prime got many out-of-town discounts.
If he’s a registered ‘Rat he should be taxed @ 90% no matter where he lives. Change my mind.
Well Maura and the MoonBat lefties have changed the tax rate for millionaires in Massholechusetts so don’t expect very many free agents to come to Mass
Born and Raised in Oregon, went to Oregon State, biological father (that he never met) a jailbird, had a child out of wedlock, etc. Sounds like a Dem.
He should realize that the gvt is much better at spending his money and that he should be proud to pay taxes, and give extra because it’s the right thing to do. / sarc
I’m still waiting for Brad Stevens to land Stanley Johnson, who said he wants to go to a contender, for squat. But...
Indeed!
"In 1781, the Articles of Confederation was adopted, reflecting a strong fear of a strong central government, leaving much of the political power in the States. The central government depended on donations from the states as its revenue as there was no nationwide system. When the Constitution was adopted in 1789, the Federal Government was granted the authority to impose taxes. It gave Congress the power to collect taxes, duties, imposts, and excises and to pay debts and provide for the “common Defense and general Welfare of the United States.” The collection of taxes were left to the State governments. In order to pay for the Revolutionary War, Congress levied taxes on distilled spirits, tobacco and snuff, refined sugar, carriages, property sold at auction and certain legal documents. Additional taxes were imposed by some states, for example, Pennsylvania imposed an excise tax on liquor sales to “restrain persons in low circumstances from immoderate use." - Excerpt from https://worldhistory.us/american-history/u-s-tax-system-history-in-the-18th-century.php
My, how taxation has changed. Government has only increased taxes over the decades. The idea or reducing or eliminating a tax is foreign to them. God knows we need to drastically reduce the federal government and with it our taxes. Same goes with state taxes.
Well, he can move to a place that doesn’t “take half his money”, but being an athlete like that, he will have to PLAY in those states, and IIRC, they will have to pay half for those days.
but they vote RAT...
One of the reasons Rush stopped going to New York. Every time he visited, he was getting audited as if he was working there.
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