Originally posted by glorydayz:
Originally posted by tankle104:
Originally posted by glorydayz:
Does this change now that he plays in Florida or is that just the bracket he's in?
Just the state tax part. So the part where it says $40.9k - that wouldn't happen in Florida since they don't have state income taxes. The federal part, where a majority of the taxes are, is the same no matter where you are.
So the move to Florida saves him $50k per game check?
In armsteads situation, yes.
look at it this way.
cali state income taxes: 13% (so they'll pay 13% on all earned income).
flordia state income tax: 0%, they don't have state income tax.
only a few states in the country have no income tax (Texas, Florida, Washington etc). I think it's 7.
Most states have some form of state income tax - just Cali and NY have the highest.