Illinois’s tax policy causes nearly a million dollars in tax savings for Jonathan Toews and Patrick Kane INTRODUCTION Nonresident taxation on professional athletes gained national attention in the early 1990s as Illinois retaliated against California’s nonresident tax on Michael Jordan and his Chicago Bulls teammates following their 1991 National Basketball Association (NBA) Championship against the […]
It might surprise you to see which states could Benefit with a Denver Broncos Win over the Patriots in the AFC Championship Game On Sunday, should Peyton Manning play in over 70% of his team’s offensive plays and pull off an upset win over the New England Patriots in the AFC Championship game he could […]
There is good reason for Ryan Johansen to smile as his trade to Nashville increased the net value of his contract by $353,504 Although the NHL trade deadline is still over a month and a half away (February 29), a few teams opted to position themselves early, as evidenced by several trades that took place last […]
David Price’s $217 Million contract with the Red Sox surpasses other starting pitcher’s recently signed contracts however, where does the contract’s net present value place it in comparison? INTRODUCTION This week David Price signed a seven year $217 million contract with the Boston Red Sox, while Zack Greinke, who optioned out of his contract with […]
Former Indianapolis Colts lineman Jeff Saturday’s case against the City of Cleveland proves a cautionary tale to jurisdictions that reach beyond their constitutional rights. INTRODUCTION The United States Supreme Court’s decision to not hear Jeff Saturday’s case against the City of Cleveland is a significant victory for all professional athletes. Professional athletes face complicated tax […]
This past spring co-author Kari Smoker and I published an article in the Marquette Sports Law Review entitled “My Tax Accountant Says I Can Deduct My Hot Tub. He’s the Expert – Should I Question Him?” Since the IRS provides little guidance on what constitutes a business related deduction this article examines common expenses for professional athletes […]
Los Angeles Kings prospect and current Ontario Reign Forward Justin Auger will find that California’s state income taxes will take a greater percentage of his earnings now that the Kings top affiliate has moved west to California from New Hampshire This weekend marks the start of the 80th American Hockey League (AHL) season and the first with […]
For DeAndre Jordan and LaMarcus Aldridge returning home to Texas could provide substantial tax savings DeAndre Jordan and LaMarcus Aldridge both grew up in the Texas, played their college basketball in the state and over the past week they have contemplated returning home. With Aldridge choosing to sign with the San Antonio Spurs over the […]
St. John Fisher College Associate Professor and AFP Consulting President, Alan Pogroszewski has been selected as a poster presenter at the 2015 MIT Sloan Sports Analytics Conference (SSAC). Pogroszewski’s paper entitled MLB Jock Tax Index: Quantifying the Monetary Value in After-Tax Dollars, was selected as one of twenty finalist in the Research Paper Competition and […]
Even though fines are deductible and will lower an athlete’s taxable income, Lynch’s fines by themselves fall under the 2% threshold and won’t provide him any tax benefit. This past week Seattle Seahawk running back, Marshawn Lynch was informed that the NFL wouldn’t fine him for wearing a hat with his “Beast Mode’ logo during […]
January 1, 2012
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