Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Opinion: ‘Those state taxes man’ — How much NFL star Tyreek Hill is saving by playing in Miami instead of in New Jersey (or with another team)
Market Watch via Internet Archive ^ | October 5, 2022 | Jared Walczak

Posted on 10/05/2022 9:22:03 PM PDT by grundle

click here to read article


Navigation: use the links below to view more comments.
first 1-2021 next last

1 posted on 10/05/2022 9:22:03 PM PDT by grundle
[ Post Reply | Private Reply | View Replies]

To: grundle

Still wish he was in KC.


2 posted on 10/05/2022 9:24:39 PM PDT by peggybac (My will is what I wanted. God's will is what I got.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: peggybac
Still wish he was in KC.

Mahomes and Hill were a magic combination. In the era of salary cap something has to give. A man who considers salary taxes will also consider salary.

I'm a Rams fan, and can only hope that a high profile city, player friendly management, proximity to Hollywood and commercials, and nice weather can make up for the onerous taxes and government.
3 posted on 10/05/2022 9:30:01 PM PDT by Dr. Sivana (What was 35% of the Rep. Party is now 85%. And it’s too late to turn back—Mac Stipanovich )
[ Post Reply | Private Reply | To 2 | View Replies]

To: grundle

At the risk of breaking the 10th Commandment I’d kinda sorta like to have his “problem”.


4 posted on 10/05/2022 9:41:47 PM PDT by lightman (I am a binary Trinitarian. Deal with it!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: grundle
Tyreek is a smart man or has a smart financial advisor to lay things out.

Early in my career, I had an offer for a new job that gave me visions of $$$ dancing in my head.

I knew California was more expensive than Texas and wanted to see how this could impact things. Hmmm early 80s so no internet with gobs of info seconds away.

My strategy was to drive into Houston for several weekends, pop into a newsstand and pick up several Sunday newspapers to scan real estate and grocery store ads.

Food quite a bit more expensive. Real estate LOTs more expensive. For the dazzling salary increase, I couldn't afford an equivalent home closer than 40 miles from Walnut Creek where the office was.

I turned down the job telling the company I wasn't willing to reduce my lifestyle or drive a 40 mile commute each way. If they would double my existing salary though, I would move from TX to CA. Company turned down my counter offer. Lol. I was satisfied with that outcome.

5 posted on 10/05/2022 10:15:54 PM PDT by Hootowl99
[ Post Reply | Private Reply | To 1 | View Replies]

Despite the state taxes, NJ pays the most to the fed per household.


6 posted on 10/05/2022 10:27:20 PM PDT by Gene Eric (Don't be a statist!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: grundle

Contrary to what the libs will tell you, state taxes do factor into a lot of people’s decision on where they’ll live. They can add up, a lot. I moved to Florida several years ago mainly to avoid state taxes and it’s one of the best things I’ve done. It’s saved me $20-30K a year depending upon what I earned that year, and I don’t make anywhere near NFL player money.


7 posted on 10/05/2022 10:32:05 PM PDT by GaryCrow
[ Post Reply | Private Reply | To 1 | View Replies]

To: grundle

Why would anyone want to be in New Joisey?


8 posted on 10/05/2022 10:39:44 PM PDT by doorgunner69 (Let's go Brandon)
[ Post Reply | Private Reply | To 1 | View Replies]

To: GaryCrow

Can you imagine how much Rush saved over the years by living in Florida?

No state estate tax, too.


9 posted on 10/05/2022 10:50:00 PM PDT by july4thfreedomfoundation (Disband and Defund the putrid FBI. America does not need an out of control Gestapo)
[ Post Reply | Private Reply | To 7 | View Replies]

To: doorgunner69

Why would anyone name a child Tyreek? What does he reek of?


10 posted on 10/05/2022 10:58:58 PM PDT by MikeSteelBe (The South will be in the right in the next war of Northern aggression.)
[ Post Reply | Private Reply | To 8 | View Replies]

To: peggybac

Nah. KC is having a very good season without him. The draft picks they got in the trade gave the team some badly-needed depth. Relying that much on Hill wasn’t healthy. Especially if he stopped being healthy.


11 posted on 10/05/2022 11:10:43 PM PDT by thescourged1
[ Post Reply | Private Reply | To 2 | View Replies]

To: grundle
This article doesn’t mention another angle to this state tax story for athletes:

I noticed a trend years ago with players on New York’s baseball teams — mainly the Yankees. Derek Jeter may have been the one who started the trend … or at least he was the one who made me notice it first.

1. The players for these teams would always establish a state with no income taxes (or very low rates) as their primary residence. In Jeter’s case, he’d still pay New York State and New York City income taxes for home games (50% of the schedule), but his income for road games would be taxed at the rates for those cities and states and he wouldn’t have to report it on his NYS/NYC tax returns. Importantly, any income he earned outside baseball (like his Nike and Ford endorsement deals) would not be taxed in New York.

2. Almost every time a prominent player for the Yankees was injured and was removed from the team roster for a defined number of games, the local media sports reports always included a variation of this single line in their reporting on this story: “Derek Jeter has been assigned to the Yankees’ spring training facility in Tampa, Florida while rehabilitating from his injury.” After seeing this a few times I realized why this was being done: The player would not be taxed in New York for the games he missed, as long as he wasn’t reporting to Yankee Stadium or sitting at home in New York while the games were played there. The team issued the media reports about the rehabilitation assignment in Florida so they would serve as evidence for the player in case of a tax audit in New York.

12 posted on 10/06/2022 2:20:07 AM PDT by Alberta's Child ("It's midnight in Manhattan. This is no time to get cute; it's a mad dog's promenade.")
[ Post Reply | Private Reply | To 1 | View Replies]

To: Gene Eric

NJ pays a lot of Fed taxes because the high cost of living drives up salaries; our minimum wage is $13 (statewide), and in January it will be $14.13 - because it isn’t just set to rise to $15 in annual $1 steps, but also has an inflation adjustment.

One of the consequences of this (besides killing jobs) is that all of our payroll taxes increase - including Social Security and Medicare contributions, which are non-refundable.

NJ has become a horrible business environment; employers must also provide up to 40 hours of paid sick leave to all employees (including part-time, non-profits, etc.), so basically every job has paid “vacation” required (the conditions under which those days may be used are very broad).


13 posted on 10/06/2022 2:28:55 AM PDT by kearnyirish2 (Affirmative action is economic warfare against white males (and therefore white families).)
[ Post Reply | Private Reply | To 6 | View Replies]

To: grundle

Boy wish our state could become NORTH FLORIDA!


14 posted on 10/06/2022 4:12:19 AM PDT by Chickensoup ( Leftists totalitarian fascists are eradicating conservatives. Leftists are genocidal. )
[ Post Reply | Private Reply | To 1 | View Replies]

To: Hootowl99

Back in the early 80s worked as a headhunter. There were tables available to provide parity numbers for moves around the country.


15 posted on 10/06/2022 4:14:50 AM PDT by Chickensoup ( Leftists totalitarian fascists are eradicating conservatives. Leftists are genocidal. )
[ Post Reply | Private Reply | To 5 | View Replies]

To: grundle

10 years ago I moved from MD to FL working for same company, my paycheck increased $500.00 a month. That is how much I was paying the sad state of MD tax each month.

Eye opening.


16 posted on 10/06/2022 4:15:09 AM PDT by VastRWCon (Fake News")
[ Post Reply | Private Reply | To 1 | View Replies]

To: peggybac; Dr. Sivana

Chiefs shouldn’t have traded him


17 posted on 10/06/2022 4:39:21 AM PDT by darkangel82
[ Post Reply | Private Reply | To 2 | View Replies]

To: Dr. Sivana
I'm a Rams fan, and can only hope that a high profile city,

Like this view of LA?

Or this one...

This will attract pro athletes.

Kalifornikator is a shit hole and LA is the biggest toilet bowl while SF has the most human waste/capita in the state.

18 posted on 10/06/2022 4:46:08 AM PDT by USS Alaska (NUKE ALL MOOSELIMB TERRORISTS, NOW.)
[ Post Reply | Private Reply | To 3 | View Replies]

To: grundle

If the NFL wanted to, they could make all employees of all NFL teams, employees of the NFL, which is located in California.


19 posted on 10/06/2022 6:36:59 AM PDT by Dixie Yooper (Ephesians 6:11)
[ Post Reply | Private Reply | To 1 | View Replies]

To: grundle

is this based on his actual salary or his salary cap average for the contract(usually a big difference, ill see if i can find it)


20 posted on 10/06/2022 8:34:08 AM PDT by GQuagmire
[ Post Reply | Private Reply | To 1 | View Replies]


Navigation: use the links below to view more comments.
first 1-2021 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson