Nikola Jokic's income after taxes

m i pose to gaf

different states got different taxes and they all full of sh1t

when the war cracks off let me know im down

24 not 46, but still 24

I need @🔗 to verify this info before further comment.

These dudes have smart j3wish accountants, I’m sure they’ve been given good tax avoidance advice

BreakkerSzn said 🔗

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Jock tax
Professional athletes owe a portion of their salary to most states and cities they visit — even for a single day.

Mike T said 🔗

Jock tax
Professional athletes owe a portion of their salary to most states and cities they visit — even for a single day.

Craziness! Leave it to a republican governor of California to start this tax after Jordan and the Bulls beat my Lakers in 1990..... These are undisputable facts no matter who's feelings get hurt.

aaf192020 said 🔗

Craziness! Leave it to a republican governor of California to start this tax after Jordan and the Bulls beat my Lakers in 1990..... These are undisputable facts no matter who's feelings get hurt.

The Jock Tax dates back to the 1960s

The concept wasn’t new: California had been levying taxes on visiting athletes since at least the mid-1980s and netted ~$2.5m in 1990 alone. Wisconsin and Ohio had jock taxes, too.

Cullerton doesn’t remember exactly how he heard about the jock tax — perhaps he read a news story about the Bulls’ California taxes — but he was inspired to make a “defensive move.”

“If they’re taxing Michael Jordan,” Cullerton told The Hustle, “but we’re not taxing Magic Johnson, it’s not fair.”

That summer, Illinois passed a bill that taxed visiting athletes, only if those athletes hailed from a state that also had a jock tax. The law, which garnered publicity, was dubbed “Michael Jordan’s Revenge.”

An onslaught of jock taxes followed over the next few years.

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It's all good in my eyes . I would take that salary all day instead of working a corporate 9-5.

That $18 mil he doesn't have to eat totally if he has good accountants and advisors. Lebron's whole $1 million dollar body maintenance budget is a write-off. There's other more complicated explanations on how to lower the bill but mainly camps, having multiple businesses, charities, investments, getting a mortgage on an expensive house, real estate, opening an estate, and other tricks can bring that federal tax down by a huge number if done right.

The rich rarely pay the same percentage of taxes as middle income people because they can afford the maximum deductions. I've helped do the paperwork before (in another life) when I used to work for an accountant in Ohio.

Mike T said 🔗

Jock tax
Professional athletes owe a portion of their salary to most states and cities they visit — even for a single day.

Pro athletes are easier to track than a lot of other professional careers that involve hands on work in other states

And it’s not like they getting state taxed twice. Just the game checks from which ever state.

And sometimes it’s less state tax than from where the team is located.

Why would Illinois get all the state tax money for games in Cali?

It’s makes sense. And would be enforced on a lot more careers that involve working state to state if all individuals were able to be tracked like entertainers.

Plus they be using hella state services on local state tax dollar/time

Stop pocket watching. Unless you his agent, accountant, or bi#ch.

yunhsus said 🔗

These dudes have smart j3wish accountants, I’m sure they’ve been given good tax avoidance advice

There’s no real tricks like that when it comes to athletes. Government ain’t that dumb.

myPOWER said 🔗

There’s no real tricks like that when it comes to athletes. Government ain’t that dumb.

I’m not even gunna act like i know accounting and tax but do these athletes run charities in order to lower their income tax ?

aaf192020 said 🔗

That $18 mil he doesn't have to eat totally if he has good accountants and advisors. Lebron's whole $1 million dollar body maintenance budget is a write-off. There's other more complicated explanations on how to lower the bill but mainly camps, having multiple businesses, charities, investments, getting a mortgage on an expensive house, real estate, opening an estate, and other tricks can bring that federal tax down by a huge number if done right.

The rich rarely pay the same percentage of taxes as middle income people because they can afford the maximum deductions. I've helped do the paperwork before (in another life) when I used to work for an accountant in Ohio.

This. He isn't being taxed anywhere near that if his tax attorney is worth a damn

nwking said 🔗

It's all good in my eyes . I would take that salary all day instead of working a corporate 9-5.

Yep he makes more in a year after tax than 95% of bx posters will make their whole life.

Tatum hasn’t spent any of his nba contract money he lives of endorsements.

aaf192020 said 🔗

That $18 mil he doesn't have to eat totally if he has good accountants and advisors. Lebron's whole $1 million dollar body maintenance budget is a write-off. There's other more complicated explanations on how to lower the bill but mainly camps, having multiple businesses, charities, investments, getting a mortgage on an expensive house, real estate, opening an estate, and other tricks can bring that federal tax down by a huge number if done right.

The rich rarely pay the same percentage of taxes as middle income people because they can afford the maximum deductions. I've helped do the paperwork before (in another life) when I used to work for an accountant in Ohio.

Yup thats system, dude making $20 mil pa can pay less tax than a dude making $20 phr.