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re: Josh Pate Bringing Some Knowledge Regarding NIL and College Football
Posted on 2/28/24 at 1:05 pm to bamameister
Posted on 2/28/24 at 1:05 pm to bamameister
quote:
And college kids still want to be part of a winner and someone who will get them to the next level. State income tax won't tell that story. Not now, not ever
State income tax is absolutely irrelevant at that tax bracket.
If a California company hands me a $1M check it will 100% not cost me a cent more than if a Florida company did. It will be offset by my federal obligation.
This post was edited on 2/28/24 at 1:08 pm
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Posted on 2/28/24 at 1:11 pm to jonnyanony
Based on current GA state tax rate, any player making at least $320K a year will pay the same effective tax rate as any player in FL, TN or TX.
This might be a factor if you're the kind of player who gets, like $100K in NIL, but that isn't a 5* or 4* player so
And at that point you're basically talking $1k - $5k, so that's pretty unlikely to be the deciding factor.
This might be a factor if you're the kind of player who gets, like $100K in NIL, but that isn't a 5* or 4* player so
And at that point you're basically talking $1k - $5k, so that's pretty unlikely to be the deciding factor.This post was edited on 2/28/24 at 1:13 pm
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