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Goodbye to Charles Woodson?
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<blockquote data-quote="HardRightEdge" data-source="post: 472164"><p>Yup. For example, a Packer will play one game in Illinois every season...1/16 of his base salary will be subject to Illinois state income tax. But they're not double taxed...the money for that game will not be subject to Wisconsin state income tax.</p><p> </p><p>I'm not sure about the signing or roster bonus...it would seem that would be taxed in the state of residence.</p><p> </p><p>There have probably been a player or two who weighed equivalent offers with equivalent perceived intangible benefits from a NY team vs. a Texas or Florida team and chose the latter based on state income tax. The highest marginal state income tax in NY is about 9% (for pay over $500,000) while it is zero in those other two states. Since you play half your regular season games in the home stadium, half the base salary is subject to the franchise home state income tax. So, that's close to a 4.5% difference in take home pay for NY vs. Texas or Florida based on the franchise's home state's income tax alone.</p></blockquote><p></p>
[QUOTE="HardRightEdge, post: 472164"] Yup. For example, a Packer will play one game in Illinois every season...1/16 of his base salary will be subject to Illinois state income tax. But they're not double taxed...the money for that game will not be subject to Wisconsin state income tax. I'm not sure about the signing or roster bonus...it would seem that would be taxed in the state of residence. There have probably been a player or two who weighed equivalent offers with equivalent perceived intangible benefits from a NY team vs. a Texas or Florida team and chose the latter based on state income tax. The highest marginal state income tax in NY is about 9% (for pay over $500,000) while it is zero in those other two states. Since you play half your regular season games in the home stadium, half the base salary is subject to the franchise home state income tax. So, that's close to a 4.5% difference in take home pay for NY vs. Texas or Florida based on the franchise's home state's income tax alone. [/QUOTE]
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