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>States tax a player based on their calendar-year income. They apply a duty day calculation which takes the ratio of duty days within the state over total duty
by hnburnsy 5y ago
>States tax a player based on their calendar-year income. They apply a duty day calculation which takes the ratio of duty days within the state over total duty days for the year. That ratio is then multiplied by the player’s salary to arrive at a state’s allocable income.
https://www.forbes.com/sites/kurtbadenhausen/2016/02/03/california-taxes-will-eat-up-all-of-cam-newtons-super-bowl-earnings/?sh=5719321a4452 https://www.forbes.com/sites/kurtbadenhausen/2016/02/03/cali...
- ryan_lane 5y agoThis article is misleading, inaccurate, and reflects poorly on forbes. It's phrased as if they're paying that much tax on the superbowl winnings, but they're being taxed on their normal earnings, during the time they are in CA, which is the case for a number of states with income tax. The article also claims they're paying the top rate, without considering marginal taxes.