Posted on 07/08/2010 10:02:15 AM PDT by Arcy
While sports reporters have sought agents and teammates for the inside scoop on where NBA superstar free agent LeBron James will sign, there’s another person who may know The King’s next move: his accountant.
In a July 1 blog post, the New York Post warned that “dysfunctional lawmakers in Albany” could cost the state a chance to bring the coveted athlete to New York.
“If LeBron James goes to the Miami Heat instead of the [New York] Knicks, blame our dysfunctional lawmakers in Albany, who have saddled top-earning New Yorkers with the highest state and city income taxes in the nation, soon to be 12.85 percent on top of the IRS bite,” the Post said.
The tax savings for James in Miami over New York City would be staggering, according to the Post’s analysis.
“On a five-year contract worth $96 million -- what he'd get from the Knicks or the Heat -- LeBron would pay $12.34 million in New York taxes.” Florida has no state income tax.
(Excerpt) Read more at businessandmedia.org ...
“My only worry for the Lakers is the Oklahoma Thunder team. They were the only ones who gave them any real trouble.”
The Celtics were up by 13 points in the 3rd Qtr of Game 7. I guess you don’t consider that trouble.
“If Ray Allen leaves, we are screwed.”
He just signed on for 2 more years.
Celtics just didn’t have it in them and Ron Artest was the hungriest players on the court. Kobe was almost too hungry for it and it nearly cost them. But, the fact that this went to seven games was more a problem the Lakers were having than that the Celtics were a better or problem team.
The Thunder, on the other hand, have a young strong team. They lost because of their youth and inexperience while giving the Lakers the fight of their play off lives.
*LeBron James is an amazing talent. But LeBron James only cares about LeBron James, not the Ohio fans that follow him. *
Why should any professional athlete care about the fans? The fans can stop coming to the games at the drop of a hat.
Do private citizens take into consideration the “feelings” of their co-workers or customers when they consider a promotion or a job switch that will net them more money? Of course not.
as far as a flat tax, I am not sure about that but a valued added tax is in the works....but it will be in addition to your income tax and not instead of it.
as far as a wealth tax....that is criminal...why should you pay taxes on money that you were already supposedly taxed on.
the current POS in Washington wants you to suffer.
*Taxes didn’t stop Alex Rodriguez from leaving Texas for New York.*
A-Rod was traded to the Yankees.
If you work in Texas then your company sends you to NY State, somewhere, for a week or two, to fix whatever it is you fix....
...maybe you are SUPPOSE to pay tax, but I know lots of traveling repair people and none of them pay out of state taxes....and you would have to drag me kicking and screaming to pay those myself...
The only way I would support a VAT is removing other taxes first.
the current POS in Washington wants you to suffer.
Guess he wants all hard working Americans to pay for our evil country /S.
*Such is the culture of the NBA. All emphasis is on the individual and not the team.
Hip/hop culture, big endorsments/contracts are all that matter to the elite NBA players today.*
I find these kinds of statements hilariously hypocritical. In every other situation, Freepers are all for individuals who can make as much money as they can while the little guy can take a flying leap.
At his request ... and where he re-signed.
SnakeDoc
My guess is that James decison has NOTHING to do with money.
As opposed to what the Yankees paid A-Rod, the NBA has a salary cap and Cleveland can actually pay him more, and Ohio has a more favorable tax rate than NY or NJ.
As far as endorsement income, James can make a lot of money in endorsements anywhere he plays.
He will make the decision on the basis of which has the best organization which means in turn the organization where his team can be most successful which will translate to more success and money to him.
Miam with Pat Riley wins big time if that is in fact the basis of his decision.
Cleveland got rid of their coach and GM.
So did NJ.
The Knicks coach and GM have been around for two years and have not shown they can do much to turn the team around, and after folowing Isiah Thomas one thought they should have been able to show more improvement.
You just made my day!
I met Doc Rivers this past winter at one of his son’s games. What a nice guy.
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