Massachusetts millionaire 9% tax another factor working against Pats in Free agency

[Sam Bam Cunningham]

As Curran pointed out.
9% in Massachusetts versus 0% in FLA or Texas.
Ring chasers need not apply any more, now that Brady is gone.
This is definitely a competitive disadvantage for NE.

For anyone making more than a million a year, Pats will have to make up the difference in salary.

 

[50-yard-line]

As Curran pointed out.
9% in Massachusetts versus 0% in FLA or Texas.
Ring chasers need not apply any more, now that Brady is gone.
This is definitely a competitive disadvantage for NE.

For anyone making more than a million a year, Pats will have to make up the difference in salary.

I know, right? CA (10% tax) can't get players! Or New York (10.9% - Jersey is about the same). Every NFL state other than FL, TX, TN, and AZ have income tax.

You mention this like every day in some thread or another. It's not a 9-0 issue, since players in Miami have to play in states, like MA, that TAX THEM at the MA rate.

I worked with a pro-baseball player - he was filing taxes for many states each year.
People who hit the lottery and complain about taxes are really kind of crappy people.

 

[archstanton543]

Whoops.

 

[Pape]

On a list of 100 things to worry about, this is number 150

 

[Joker]

Phew!!! Close one. Glad I live in R.I.

oh...wait....

 

[lancerman]

In the last 20 years one Florida team has a won a Super Bowl. And it was because they got the best player of all time that won 6x as many titles in Massachusetts. No Texas team has won or made a Super Bowl. Nor has Arizona. Nor has Tennessee.

CA meanwhile had a team win last year and make another a few years before and they've been getting high profile free agents forever. New York also won 2 in the last 20 years. Also technically Wisconsin is a top 10 state in taxes, so you can throw the Packers one title in there as well.

So for posterity, the three states with the highest taxes for high income have 10 Super Bowl wins and 15 appearances since the turn of the century. The low tax rate states have 2 with 2 appearances. And the rest fall in the middle somewhere.

 

[Nunchucks]

I learned some stuff today.

Thanks all.

 

[BTTA]

As Curran pointed out.
9% in Massachusetts versus 0% in FLA or Texas.
Ring chasers need not apply any more, now that Brady is gone.
This is definitely a competitive disadvantage for NE.

For anyone making more than a million a year, Pats will have to make up the difference in salary.

As pointed out, you get taxed on where you work. And those taxes are deductible for where you live. And those taxes have traditionally been deductible on the federal return. And states raise revenue different ways, so the income tax rate can be a red herring. The net effect is fairly small. The tax burden difference between FL and MA is about 2%.

But yes, unbalanced taxation in different parts of our nation creates some unfortunate distortion in the economy.

 

[1960Pats]

As pointed out, you get taxed on where you work. And those taxes are deductible for where you live. And those taxes have traditionally been deductible on the federal return. The next effect is fairly small.

But yes, unbalanced taxation in different parts of our nation creates some unfortunate distortion in the economy.

I think that our politicians could fix any taxation problems if they wanted to. But they don't want to.

At this point in time there are many states (MA included) that, if the American Revolution were to re-occur, would be playing the part of the British. Taxation without representation has become the norm.

I think Jefferson predicted some of this when he talked about the government getting so large that the citizens would have trouble stopping it.

 

[BTTA]

I think that our politicians could fix any taxation problems if they wanted to. But they don't want to.

At this point in time there are many states (MA included) that, if the American Revolution were to re-occur, would be playing the part of the British. Taxation without representation has become the norm.

I think Jefferson predicted some of this when he talked about the government getting so large that the citizens would have trouble stopping it.

The Founding Father's concerns about government were about participation - if the citizens reduced their participation as government grew due to the size of the nation growing. But they also structured a government so only about 4% of the people living here could participate. They had a very different idea about representational government than we have now, actually closer to current day oligarchical Russia. That's why all the "what the Founding Fathers meant" stuff is a red herring. We need to figure out what we think works in today's world and stop referencing irrelevancy.

 

[borg]

Every NFL state other than FL, TX, TN, and AZ have income tax.

If you're going to peacock like a know-it-all, at least get your facts straight.
(Arizona ?????..........LMFAO)

Currently, the states with no individual income tax include:

1. Alaska
2. Florida
3. Nevada
4. New Hampshire
5. South Dakota
6. Tennessee
7. Texas
8. Washington
9. Wyoming

 

[Pape]

I should invite you up here to my new state of NH, one without an income tax. The problem though is that between the transplanted Massholes (not me of course), the organized out-of-state college students that arrive in buses and the mules who bring in boxes of votes from who knows where, even we have too many taxes, or fees as they like to call them. I think you can guess who "they" are.

I can't guess... Please enlightened us with yet another stupid, thinly veiled political post...

In case you wonder who hit the dumpster fire rating on your post, it was me

 

[farn]

In the last 20 years one Florida team has a won a Super Bowl. And it was because they got the best player of all time that won 6x as many titles in Massachusetts. No Texas team has won or made a Super Bowl. Nor has Arizona. Nor has Tennessee.

CA meanwhile had a team win last year and make another a few years before and they've been getting high profile free agents forever. New York also won 2 in the last 20 years. Also technically Wisconsin is a top 10 state in taxes, so you can throw the Packers one title in there as well.

So for posterity, the three states with the highest taxes for high income have 10 Super Bowl wins and 15 appearances since the turn of the century. The low tax rate states have 2 with 2 appearances. And the rest fall in the middle somewhere.

Boom

 

[jimnance]

I should invite you up here to my new state of NH, one without an income tax. The problem though is that between the transplanted Massholes (not me of course), the organized out-of-state college students that arrive in buses and the mules who bring in boxes of votes from who knows where, even we have too many taxes, or fees as they like to call them. I think you can guess who "they" are.

Cringeworthy. Entitled

 

[Rob0729]

I know, right? CA (10% tax) can't get players! Or New York (10.9% - Jersey is about the same). Every NFL state other than FL, TX, TN, and AZ have income tax.

You mention this like every day in some thread or another. It's not a 9-0 issue, since players in Miami have to play in states, like MA, that TAX THEM at the MA rate.

I worked with a pro-baseball player - he was filing taxes for many states each year.
People who hit the lottery and complain about taxes are really kind of crappy people.

Tyreek Hill said specifically that he chose Miami over the Jets because of the tax. For some players the state income tax is a big factor. Others it won't even come into their decision making at all.

 

[Le Numéro Douze]

I should invite you up here to my new state of NH, one without an income tax. The problem though is that between the transplanted Massholes (not me of course), the organized out-of-state college students that arrive in buses and the mules who bring in boxes of votes from who knows where, even we have too many taxes, or fees as they like to call them. I think you can guess who "they" are.

You should really stop reading Truth Social so much.

 

[Nunchucks]

I should invite you up here to my new state of NH, one without an income tax. The problem though is that between the transplanted Massholes (not me of course), the organized out-of-state college students that arrive in buses and the mules who bring in boxes of votes from who knows where, even we have too many taxes, or fees as they like to call them. I think you can guess who "they" are.

Somebody is deep into conspiracies

 

[50-yard-line]

If you're going to peacock like a know-it-all, at least get your facts straight.
(Arizona ?????..........LMFAO)

Currently, the states with no individual income tax include:

1. Alaska
2. Florida
3. Nevada
4. New Hampshire
5. South Dakota
6. Tennessee
7. Texas
8. Washington
9. Wyoming

Arizona has an income tax for high-end earners.

For NFL players, the Washington B&O tax will depend on how they structure their businesses.
Washington also has a 9+% Sales tax, as is typical in no-income-tax states. This does make it more attractive to rich people, because rich people do well in no-income-tax states, while the lower economic classes get hit hard in terms of fees, sales taxes, property taxes, etc.

I have family in FL who pay the equivalent of a 6% tax on 50k on their house insurance (and they don't live in a flood area) ABOVE what I pay for insurance in MA, and that on a house that's worth about half of mine.

Like my feathers?

 

[50-yard-line]

Tyreek Hill said specifically that he chose Miami over the Jets because of the tax. For some players the state income tax is a big factor. Others it won't even come into their decision making at all.

Like I said, a crappy person.

 

[Rob0729]

Like I said, a crappy person.

Although Hill is a crappy person, it is a little different than a lottery winner complaining about the taxes. He looked at two similar offers and decided Miami's offer was basically 6-8% more (when you factor in taxes in away cities) than the Jets when you factor in taxes.

I think for a lot of players it is a factor. It can be a significant difference if you are comparing similar offers from a team in a tax free state vs. a state with a high tax rate. But it doesn't stop the states with high tax rates from getting talent because most players will factor other things beyond the tax.