The end of 2017 has seen a flurry of activity as both the House of Representatives and the United States Senate passed tax reform Bills. Both Bills have been promoted as providing tax relief and simplification to individuals, small business and corporations. The House of Representative’s Bill entitled The Tax Cuts and Jobs Act was […]
Blog Posts Tagged with "income tax"
Even though Tom Brady lowers his non-resident tax by over $20,000 by playing in this year’s Super Bowl in Texas, his home state of Massachusetts will make him pay, win or lose Although all income is subject to federal tax, where the bonuses from this year’s NFL playoffs and Super Bowl becomes interesting, is at […]
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 […]
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 […]
Max Scherzer’s new seven year $210 million contract is a good example of how proper tax planning in a negotiation can increase its’ overall net (after tax) value. Much has been made of the resident and non-resident tax liability that professional athletes face in the multiple states and cities in which they preform services. Often […]
Over the past few days both Pablo Sandoval and Hanley Ramirez have signed with the Boston Red Sox and left their former California ball clubs and the state’s 13.3% tax rate behind. A closer look at the numbers shows how this signing not only makes sense on the field but also makes dollars and cents […]
Peyton Manning eyes a second Super Bowl ring while New Jersey has visions of taxing his salary. This Sunday, fans of the National Football League (NFL) will not be the only ones paying attention to the players in this year’s Super Bowl. Tax authorities from the State of New Jersey will also be keeping a […]
Jurisdiction’s income tax policies push athletes and Unions to fight back On February 4, 2007, in the biggest game of their respective lives, former Indianapolis Colt All-Star center Jeff Saturday and Hunter Hillenmeyer, a linebacker with the Chicago Bears, squared off against each other in Super Bowl XLI. Six years later, the two players now […]
Authors Alan Pogroszewski and Kari Smoker examined this very question in their recent law review article and conclude that it is. Marquette Sports Law Review May 31, 2013 In July of 2009 the state of Tennessee imposed a Professional Privilege tax on athletes performing services in the NBA and NHL. Those athletes are assessed a […]
An Overview of the International Tax Issues for Professional Hockey Players Marquette Sports Law Review January 1, 2012 The exposure to double taxation is a real threat for professional athletes performing services in both the United States and Canada. It is important for these individuals to understand the different taxing philosophies of both countries, their […]
Regardless of where Kirk Cousins signs this off season, it provides an example, once again on how the 'jock tax' can affect the net (take ...
AFP Consulting LLC has had the awesome privilege of working with a handful of sport professionals from many different sports. ...