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03-08-2013, 02:16 PM #37Regular 1st Stringer
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- Aug 2011
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- 544
Re: Flacco is "technically" the 2nd-highest paid NFL player when taking into account...
You are right, where does it end?
I merely pointed it out because of the historical perspective of Maryland as a "small state". Because of its size, Maryland has been mistakenly identified throughout the history such as being an anti-slavery state, which was not true...
I have had out-of-state friends who were appalled to learn that there were more "pro-republican" in Maryland than originally thought. Plus, Maryland has a rather long-line of democrat governors, which influenced the perception of the state.
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Re: Flacco is "technically" the 2nd-highest paid NFL player when taking into account...
It's not specifically about taxes. Also it's about economic freedom per state not per county...
The write up of how they got to each states ranking is rather long, so I can't say how they got to put Tenn where it is. Maybe it's more that Tenn "less bad" more than it is "better" than the other states.
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03-08-2013, 02:52 PM #40
Re: Flacco is "technically" the 2nd-highest paid NFL player when taking into account...
This, it's a huge difference. For instance with Dwight Howard, many people think it's a foregone conclusion that he re-signs with the Lakers because they can pay him 30 million more then any other team because they have his Bird rights, but if he signed to say Dallas or Houston, he'd earn slightly more over the course of the contract despite it being for 30 million less when you factor in taxes.
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03-08-2013, 04:29 PM #41
Re: Flacco is "technically" the 2nd-highest paid NFL player when taking into account...
The term 'Jock Tax' is a misnomer. Technically anyone who earns money in a state is supposed to file taxes in that state. For example, if you are a salesman who travels, you are supposed to file taxes for each state in which you make a sale. However, for most of the population the tax money that that state would receive is not enough to merit going after (i.e. it would cost more to try to collect than what they would collect).
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03-08-2013, 04:32 PM #42Legendary RSR Poster
- Join Date
- Aug 2007
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- Houston, TX Y'all
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- 34,414
Re: Flacco is "technically" the 2nd-highest paid NFL player when taking into account...
I'd hardly call it a misnomer ....
http://taxfoundation.org/tax-topics/jock-taxes
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03-08-2013, 04:47 PM #43
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03-08-2013, 06:03 PM #45Regular 1st Stringer
- Join Date
- Aug 2012
- Location
- Columbia, MD
- Posts
- 448
Re: Flacco is "technically" the 2nd-highest paid NFL player when taking into account...
And I just want to point out an error in the thread title. "Technically" he's still the highest paid player in the league. It's just that his take home pay is only the second highest in the league.
Come to think of it, that's something that the CBA should have thought of with the cap. They should have made allowances to adjust cap figures by the state's income tax rates. Allow the excess that players pay for being in a more heavily taxed state compared to the minimum that they would pay be a credit on the cap.
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03-08-2013, 06:25 PM #46
Re: Flacco is "technically" the 2nd-highest paid NFL player when taking into account...
If the Eastern Shore were to secede from the People's Republic of Maryland: count me in! I'd even swim across the Chesapeake Bay to get there.
Don't understand your complaint. When we lived in Huntsville, Alabama, our State income tax dropped to about 1/4th of the pre-O'Malley rates that we now suffer. Yet about half my workforce lived in Tennessee, commuting south to Huntsville, typically to avoid the "high" Alabama taxes. We have friends who moved north from Huntsville to rural Tennessee, halfway to Nashville and near the Jack Daniels distillery, who pay virtually no state taxes outside of low sales and property taxesIn a 2003 BBC poll that asked Brits to name the "Greatest American Ever", Mr. T came in fourth, behind ML King (3rd), Abe Lincoln (2nd) and Homer Simpson (1st).
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This is why a lot of pro athletes love in Florida.
No income tax.
Sent from my DROID X2 using Forum RunnerDisclaimer: The content posted is of my own opinion.
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