Results 49 to 60 of 61
-
Joe Flacco actually isn't the NFL's highest-paid player
I heard this today and it floored me. This sucks! 52%? Come on Maryland.
http://www.usatoday.com/story/gameon...taxes/1972931/Let Joe Cool lead the way 😎
-
Re: Flacco is "technically" the 2nd-highest paid NFL player when taking into account...
Sounds kinda farfetched, but I would not be surprised if Maryland disintengrated within the next decade or sooner, depending on how much more O'Malley disenfranchises a large portion of the geographical region of the state. There is already talk in Carroll County and others about seceding from Maryland to either be annexed by PA or form a new state.
-
03-09-2013, 12:28 AM #51Regular 1st Stringer
- Join Date
- Sep 2012
- Location
- Ellicott City, MD
- Posts
- 634
Re: Flacco is "technically" the 2nd-highest paid NFL player when taking into account...
Interesting observation: When Ehrlich was governor, I don't recall hearing any "we should secede!" talk from Central Marylanders.
-
Re: Flacco is "technically" the 2nd-highest paid NFL player when taking into account...
Florida is the other state for no income taxes. That's why Labron James went there instead of NY. He saved millions in income taxes and NY fans were pissed because Labron wanted to go there. I'll be moving to my condo in Daytona when my mom dies to escape high taxes here.
These states mentioned are favorite places for retirees to move to.
-
-
Re: Flacco is "technically" the 2nd-highest paid NFL player when taking into account...
Politics? Here? C'mon guys I know it's slow but........
-
03-09-2013, 01:47 AM #55iggyman555 Guest
-
Re: Flacco is "technically" the 2nd-highest paid NFL player when taking into account...
I'm not sure how that works. I never had to deal with that one. Usually though if you are an American citizen, work for an American company and are working abroad for a short period of time, like 1 game, then you would not owe tax to that other country. You would still owe federal tax. I would guess you could make an argument that since it is income sourced from a particular state that the state can't tax it. That's just a guess though because I really haven't had any experience with that situation. I'm sure someone like Tom Brady who makes a ton of money and plays in the UK a lot is doing whatever he can to keep the greedy hands of MA away from that income.
-
Re: Flacco is "technically" the 2nd-highest paid NFL player when taking into account...
1) Ehrlich didn't disenfranchise Central Maryland by gerrymandering the districts for obvious political gain.
2) Aside from Ehrlich the rest of Annapolis was decidedly Democrat, so it's not like Central Maryland didn't have a voice or people looking out for their interests.
-
-
-
03-09-2013, 09:57 AM #60Pro Bowl Poster
- Join Date
- Sep 2011
- Posts
- 2,126
Re: Flacco is "technically" the 2nd-highest paid NFL player when taking into account...
Usually, the UK taxes 50% on appearances and prize money as well as a slice of all sponsorship money (which is why some sportsmen, like Usain Bolt, won't come here) dependent on things like training days (the law got amended in 2012 to make it more palatable, though - now it is days training/playing in UK / days training elsewhere - it's probably a negligable rate now of maybe 1% considering NFL players are usually here for less than a week?).
But, In difference to say tennis players and athletes, NFL players have contracts rather than appearance fees, thus a much lower tax liability.
I don't know if any of this is covered within the double taxation agreement, I'm suspecting that the amounts earned would breach any limits. Might be $20,000 or something - depending on exchange rates at the time for pounds.
Travelling 'entertainers' and 'sportsmen' are also eligible for a personal allowance similar to that enjoyed by UK citizens on taxable income, I think. Thus, depending on the tax rate of this income (I'm presuming it'll be the additional rate due to levels of income even if not accrued in this country, which is currently 50%, but set to fall to 45% from next month). It's possible that some of this falls within this bracket.
It's also possible that the international series is subject to tax exemption as well, like the Champions League Final, whenever held at Wembley, and the 2012 Olympics was.
Bookmarks