Professional sports teams in high-tax states need to adjust to a new economic reality under the Tax Cut and Jobs Act of 2017. This past fall, an article by Alan Pogroszewski, Kari Smoker and Keith Donnelly, published in the NYS Society of CPAs online publication, The Tax Stringer, addressed the impact the Tax Cut and […]
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 […]
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 […]
Athletes consider alternatives as California’s latest tax increase is implemented In January, California increased its income tax rate by 2%—to 12.3%—for resident and non-resident individuals earning over $500,000. With California’s Mental Health Service Act imposing an additional 1% on individuals earning over $1,000,000, the state’s 13.3% income tax rate represents the highest of any state […]
The Oakland A’s have another disadvantage when pursuing free agents on the open market The plight of Billy Bean and the small market Oakland Athletics was highlighted in Michael Lewis’ 2004 book Money Ball. The stakes are different today and Bean’s biggest challenge comes from the state of CA rather than the large market teams […]
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