crzymdups wrote:callmened wrote:knickscity wrote:callmened wrote:knickscity wrote:CrushAlot wrote:Also taxes. Teams without state income tax have a huge advantage. The Texas and Florida teams come to mind.
Yet Dallas cant recruit anyone despite having a great owner and a sure fire hof'er in dirk and a winning team for years. Who was the last major player to sign with Orlando?
i dont think folks are saying taxes are the ONLY factor. but i think its a factor - you get to keep the other half of the money you earn
The poster said huge factor...it isn't. No player has admitted going to a team because of lower taxes. And I've named two that have major issues signing good players.
i never said it would be a "HUGE" factor but (my) logic dictates that it could be a factor - simply because you keep the other half of your money
you are aware that no state income tax does not equal no tax, right? most states have a state income tax of about 5-8%. players still have to play federal tax and social security. It's not 50% of their money, it's 5-8% at best. aka something a good accountant can get them in most states.
Yeah but NYC has a city income tax as well. Awhile back when LBJ was being praised for taking less to play with the Amigos his net income was the same as Melos after state and city income tax. Making 8 or 12% less is significant when you talk about millions.
crzymdups wrote:callmened wrote:knickscity wrote:callmened wrote:knickscity wrote:CrushAlot wrote:Also taxes. Teams without state income tax have a huge advantage. The Texas and Florida teams come to mind.
Yet Dallas cant recruit anyone despite having a great owner and a sure fire hof'er in dirk and a winning team for years. Who was the last major player to sign with Orlando?
i dont think folks are saying taxes are the ONLY factor. but i think its a factor - you get to keep the other half of the money you earn
The poster said huge factor...it isn't. No player has admitted going to a team because of lower taxes. And I've named two that have major issues signing good players.
i never said it would be a "HUGE" factor but (my) logic dictates that it could be a factor - simply because you keep the other half of your money
you are aware that no state income tax does not equal no tax, right? most states have a state income tax of about 5-8%. players still have to play federal tax and social security. It's not 50% of their money, it's 5-8% at best. aka something a good accountant can get them in most states.
no i didnt realize that but thank you sharing. but still its money they could keep, no matter how small
