• Tour Talk

  • Phil pulling the trigger on his move from California

Cant really blame him.
lots of athletes, celebs and average Joes move to places where they can put more money in their pockets....Businesses and Large Corporations as well.

I know of at least 2 Buzzers who have made such a move ( at least in part) in the last year and I plan to in the next few as well.

If anyone is investigating a potential move to a more tax-friendly state in the US, this is a fairly basic calculator to project your potential tax liability as a resident of that state. I've found it isn't 100% accurate in all cases, but paints a fair assessment to compare options you may be considering.

https://smartasset.com/retirement/retirement-taxes

They do pay taxes in each state where they win money on tour, though. But all of his endorsements and such would surely be considered to be earned in his state of residence.

Hard to believe that goof is worth $40 million per year to the world. šŸ™‚
I don't actually dislike him, but still.

    DonM hey do pay taxes in each state where they win money on tour

    I'm pretty sure this is the case. I remember reading a story in the past about pro atheletes hating to play games (as visitors) in CA because of the extreme high taxes paid on game checks.

        DonM They do pay taxes in each state where they win money on tour,

        This is true as it is for baseball, hockey etc.

            Natpharm I can understand having to pay taxes in the state 'where you work'. But, generally, it is withheld from any paycheck issued in that state,(at the home state's rate) then forwarded to the state of residence, if different from work state. I don't see why Pro athletes would be any different than any factory workers, or others. It could fall under discrimination, if you'd ask me.

                Weirfan I live in IL. But if(when) I worked in IA, taxes were withheld at the IL rate, then forwarded. I did not pay tax in 2 states, on 1 income.

                    I never understood why most pro athletes have to pay taxes for out of state games. They arenā€™t being paid by the venue or a business in the state they are visiting and they arenā€™t being paid from ticket sales. Iā€˜m guessing that the team owners are considered part of a joint venture by virtue of being in a league? Corporations send people across state lines on business all the time but the employeeā€™s earnings while across state lines donā€™t generally seem to be taxed except by their home state. Golfers I can understand a little better since the entity that pays them is the tournament site.

                    Weirfan migawd. That was almost too complicated to read, let alone fully understand. šŸ˜ Horrible deal. Except for accountants.

                      Par4QC
                      It's my understanding that pro athletes are independent contractors and are responsible for paying their own taxes.

                          azgreg Golfers, perhaps. But I can't see team players being considered as such; esp. with contracts that may well be the duration of their careers. Are we not then, also independent contractors when we take 'any' job? We may leave, without notice, or be terminated the same. No contracts.

                          Pro life seems unduly complicated. Think I shall remain as I am. Not worth a shit, and unpaid. šŸ˜‚