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re: Why cam was mad
Posted on 2/8/16 at 12:43 pm to BillyBadAss99
Posted on 2/8/16 at 12:43 pm to BillyBadAss99
quote:
You can't owe more taxes than you made!
Yes, you can. Welcome to California.
The 51K was merely his bonus for playing the Super Bowl.
California's state income tax is based on his total salary for the year, 1/23 of his total income, based on the percentage of games on his schedule that he played in the state.
If I'm not mistaken, all states with a state income tax levy that tax on out of state pro athletes that come to their state to play. California will tax Newton, and every player who played yesterday, on every penny they earned yesterday.
On the plus side for Newton, he played 15 of his 23 games in states that have no state income tax.
edit: OP was using Auburn math to arrive at his percentage, which of course, isn't accurate.
This post was edited on 2/8/16 at 12:49 pm
2
Posted on 2/8/16 at 1:35 pm to BamaGradinTn
quote:
quote:
You can't owe more taxes than you made!
Yes, you can. Welcome to California.
lol no you can't
he is going to have 2 more games there this year, and that is how they came up with this number.
Also even though it is a "game check" I am guessing contract is paid over time. Unsure
Posted on 2/8/16 at 1:38 pm to BamaGradinTn
Cali has a special pro athlete rule, but anybody that travels for work alot actually can get taxed in other states.
Whether the company you work for does it right and withholds is entirely different.
Whether the company you work for does it right and withholds is entirely different.
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