Originally posted by tankle104:
The anti Cali tax but love what it offers thread. Lol since bosa is breaking all our hearts :(
Yes it's a group therapy thread for a "Bosa not signing yet" issues 😑
There are 281 users in the forums
Originally posted by tankle104:
The anti Cali tax but love what it offers thread. Lol since bosa is breaking all our hearts :(
Originally posted by Fanaticofnfl:
Originally posted by Jeepzilla:
Which tread is this?
The "Bosa needs to hurry up so everyone can stop talking about states and taxes" thread.
Originally posted by frenchmov:
Originally posted by tankle104:
Lol yes… his federal income tax is 37%. His state income tax is 13.3%. His agent fee is 10%. His money manager is probably 10%. So in Cali, he pays 50% of his check in taxes Vs in a state like Florida where it's 37% because it's only federal. That's millions in difference ($5.2M difference if his signing bonus is $40M).
so like I said, in California - he immediately loses 50% of his money to federal income taxes and the states income tax. Then 10% goes to his agent. Then whatever else he pays. So at best, he's getting 40% of his income.
when you're only takin home 40% of your total earning, I'd argue that 13.3%, several million, is a major difference. All because of where you live. Lol
lets say of a $40M signing bonus, he takes home $16M (40%). He lost 13.3% (CA state income tax) - which amounts $5.2M.
in other words, he would of taken home 32% more cash than he did and put that in his bank account if he lived somewhere else. Lmao "nothing major". That's why things like "it's only 13.3% of your income" is so dangerous. It's a ton of money compared to what you actually get to take home after everything has taxed you.
CA take home: $16M
FL take home: $21.2M - approx 32% difference
Yeah I thought you were saying somehow CA was some insane difference but it's not. As for the signing bonus itself, it's taxed on your place of primary residence, which is Florida for bosa. I know the original argument was tougher to sign players with state tax so this is a one off.
Originally posted by 5_Golden_Rings:On KNBR they had a beat reporter for the chiefs and they said that Reid, Mahomes, and Kelce are not happy that Jones hasn't reported. They think he should have wrapped this up already and it's costing the team at this point.
Originally posted by SLCNiner:
Originally posted by 5_Golden_Rings:
I wonder how much is pride at making sure he beats Chris Jones.
Highly doubt he's singling any one player out to beat, he wants to be the highest paid defensive player, so that would include Jones.
They are both looking to beat Donald.
Originally posted by mitpdub:
On KNBR they had a beat reporter for the chiefs and they said that Reid, Mahomes, and Kelce are not happy that Jones hasn't reported. They think he should have wrapped this up already and it's costing the team at this point.
The Niners, coaches GM and players) have not made any negative comments about the situation yet.
Originally posted by mitpdub:
Originally posted by 5_Golden_Rings:On KNBR they had a beat reporter for the chiefs and they said that Reid, Mahomes, and Kelce are not happy that Jones hasn't reported. They think he should have wrapped this up already and it's costing the team at this point.
Originally posted by SLCNiner:
Originally posted by 5_Golden_Rings:
I wonder how much is pride at making sure he beats Chris Jones.
Highly doubt he's singling any one player out to beat, he wants to be the highest paid defensive player, so that would include Jones.
They are both looking to beat Donald.
The Niners, coaches GM and players) have not made any negative comments about the situation yet.
Originally posted by bassmanr:
Originally posted by tankle104:
The anti Cali tax but love what it offers thread. Lol since bosa is breaking all our hearts :(
Yes it's a group therapy thread for a "Bosa not signing yet" issues 😑
Originally posted by mitpdub:
On KNBR they had a beat reporter for the chiefs and they said that Reid, Mahomes, and Kelce are not happy that Jones hasn't reported. They think he should have wrapped this up already and it's costing the team at this point.
The Niners, coaches GM and players) have not made any negative comments about the situation yet.
Originally posted by Fanaticofnfl:
When is the first day of practice? Labor Day?
Really hope they set a hard deadline for the night before…
Originally posted by SLCNiner:
Originally posted by Fanaticofnfl:
When is the first day of practice? Labor Day?
Really hope they set a hard deadline for the night before…
I don't really know because I've never paid attention, but do contracts get signed on weekends? Seems to me these fat cat agents and FO personnel work banker hours. I don't expect anything until Tuesday at the earliest.
Originally posted by tankle104:that's hilarious, and the lack of any information whatsoever sucks so much. Its just making us lose our collective s**t.
Originally posted by bassmanr:
Originally posted by tankle104:
The anti Cali tax but love what it offers thread. Lol since bosa is breaking all our hearts :(
Yes it's a group therapy thread for a "Bosa not signing yet" issues 😑
Lol we are out of bosa news so we are talking taxes and destination preferences. Hahahah I blame paraage
Originally posted by BP22:
Originally posted by tankle104:that's hilarious, and the lack of any information whatsoever sucks so much. Its just making us lose our collective s**t.
Originally posted by bassmanr:
Originally posted by tankle104:
The anti Cali tax but love what it offers thread. Lol since bosa is breaking all our hearts :(
Yes it's a group therapy thread for a "Bosa not signing yet" issues 😑
Lol we are out of bosa news so we are talking taxes and destination preferences. Hahahah I blame paraage
sometimes i feel like i've been ghosted by an old friend
Originally posted by JTB1974:
Originally posted by mitpdub:
On KNBR they had a beat reporter for the chiefs and they said that Reid, Mahomes, and Kelce are not happy that Jones hasn't reported. They think he should have wrapped this up already and it's costing the team at this point.
The Niners, coaches GM and players) have not made any negative comments about the situation yet.
If that is true, Then I think those players are stepping over the line. Other players(Even teammates) should never get involved in contract situations that involve other players.