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any accountants on here, what will Foscue clear on that 3.25 mill?
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Probably a little under half. 35% to the feds, 15% state, 10% agent. Complete SWAG at those numbers. #NotAnAccountant
Everyone wants to be a beast...until its time to do what beasts do.
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Originally Posted by
Leroy Jenkins
Probably a little under half. 35% to the feds, 15% state, 10% agent. Complete SWAG at those numbers. #NotAnAccountant
Agent likely got about 5%
CAN'T PUT A SADDLE ON A MUSTANG
Quit Your Bi$&$&?!, He's Not Going to Run the Ball More
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Originally Posted by
ShotgunDawg
Agent likely got about 5%
You right.
Everyone wants to be a beast...until its time to do what beasts do.
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Originally Posted by
Leroy Jenkins
Probably a little under half. 35% to the feds, 15% state, 10% agent. Complete SWAG at those numbers. #NotAnAccountant
15% to the state? surely not. I wonder how that works. He was drafted by Texas which doesn't have state taxes. He probably lives in MS or AL which is no where near 15%. Are agents really taking 10? I would think 6% max. Also, his agent didn't so such a great job as he took 787K below slot.
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Originally Posted by
HoopsDawg
15% to the state? surely not. I wonder how that works. He was drafted by Texas which doesn't have state taxes. He probably lives in MS or AL which is no where near 15%. Are agents really taking 10? I would think 6% max. Also, his agent didn't so such a great job as he took 787K below slot.
At one time pro athletes had to pay taxes in every state and city they played in during the year. I don't know if that's still the case.
Everyone wants to be a beast...until its time to do what beasts do.
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Originally Posted by
Leroy Jenkins
At one time pro athletes had to pay taxes in every state and city they played in during the year. I don't know if that's still the case.
Yes, but this was a signing bonus, not a salary.
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Originally Posted by
HoopsDawg
Yes, but this was a signing bonus, not a salary.
I don't have a clue about the specifics of when it's distributed or where the person resides at that point.
Everyone wants to be a beast...until its time to do what beasts do.
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Originally Posted by
Leroy Jenkins
At one time pro athletes had to pay taxes in every state and city they played in during the year. I don't know if that's still the case.
I think that's just football because they get a "game check"...so their salary is prorated per game. Not sure that applies to baseball and basketball but honestly don't know.
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Originally Posted by
Leroy Jenkins
Probably a little under half. 35% to the feds, 15% state, 10% agent. Complete SWAG at those numbers. #NotAnAccountant
He lives in Alabama so the max state tax is 5%.
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