Some liberals are starting to realize that the math doesn’t add up but this story about Cam Newton and other NFL players LOSING MONEY this Sunday because of leftist tax policy is beyond ridiculous.
Players are basically paying San Francisco to be allowed to play in the SuperBowl.
Not making this up.
The jock tax is a tax levied on professional athletes.
States base this taxation of a player’s yearly income, which they then apply a duty day calculation, which looks at the ratio of duty days spent in-state against total duty days in a year.
Because athletes from both Super Bowl teams have to spend several days in California for the event, they will all have to pay an obscenely high tax rate based on their entire year’s income!
Each member of the winning team will receive a $102,000 check from the NFL, members of the losing team will each receive $51,000 just for participating.
This leaves those highly paid stars like Quarterback Cam Newton, who signed a five-year $103.8 million dollar contract last summer, in the red, according to Forbes.
He will owe California a total of $159,560 in taxes in 2016 just if they win and $159,200 if they lose, based on Forbes’ calculations, which factors 11 of the Panthers’ 206 “duty days” in 2016 taking place in California..."
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