QB Brock Purdy Thread

Originally posted by bud49:

Originally posted by Kolohe:

Originally posted by bud49:
Just saw George in an interview, he said Brock is moving into town (Nashville) he said Brock bought a house with some of that big money, and he and Brock will be able to work out together on a regular basis. Glad to have Brock has a Nashvillian and Tennessean.

I love Nashville that place goes off!!!! Reminds me of Vegas.

Broadway is always hopping.

Yep went to the Preseason Game last year against the Titans.

Originally posted by CatchMaster80:

Originally posted by father49er:

Originally posted by 9erson3:

Originally posted by bud49:
Just saw George in an interview, he said Brock is moving into town (Nashville) he said Brock bought a house with some of that big money, and he and Brock will be able to work out together on a regular basis. Glad to have Brock has a Nashvillian and Tennessean.

Interesting. I thought he would take permanent residence in Bay Area. Los Altos Hills etc..

Lower taxes outside of CA. I'm not surprised at all.

Taxes aren't that much lower in Nashville. Their combined state and county taxes amount tp 9.75% That's about 4% lower than CA. but I doubt that was the reason he decided to settle there. With the money he'll be making he can afford taxes anywhere.

The issue of taxes is brought up a lot but I don't know a lot of people that pick where they will live based on taxes. It's usually based on job opportunities, lifestyle, weather and sometimes how crowded it is. I moved from California because of the traffic and high overall cost of living. Not the taxes. Usually if there are no income tax or sales tax the revenue is made up in some other form. You can't get roads, schools and infrastructure for free.

Yeah I think its more to do with him being a Country Music fan.

A real Franchise QB would've bought the boat first.

Originally posted by CatchMaster80:
Taxes aren't that much lower in Nashville. Their combined state and county taxes amount tp 9.75% That's about 4% lower than CA. but I doubt that was the reason he decided to settle there. With the money he'll be making he can afford taxes anywhere.

The issue of taxes is brought up a lot but I don't know a lot of people that pick where they will live based on taxes. It's usually based on job opportunities, lifestyle, weather and sometimes how crowded it is. I moved from California because of the traffic and high overall cost of living. Not the taxes. Usually if there are no income tax or sales tax the revenue is made up in some other form. You can't get roads, schools and infrastructure for free.

Huh? State and local income tax in Nashville is zero, to California's 13.3 percent for top earners. That applies to your total income. I don't know how sales and property tax compares, but that applies to a small fraction of Brock's income. Any way you cut it, Brock will net close to 13.3 percent more for his Nashville income.

Even with the income tax, the Santa Clara county combined sales tax is still 9.13 percent.

Originally posted by BOI49er:

Originally posted by CatchMaster80:
Taxes aren't that much lower in Nashville. Their combined state and county taxes amount tp 9.75% That's about 4% lower than CA. but I doubt that was the reason he decided to settle there. With the money he'll be making he can afford taxes anywhere.

The issue of taxes is brought up a lot but I don't know a lot of people that pick where they will live based on taxes. It's usually based on job opportunities, lifestyle, weather and sometimes how crowded it is. I moved from California because of the traffic and high overall cost of living. Not the taxes. Usually if there are no income tax or sales tax the revenue is made up in some other form. You can't get roads, schools and infrastructure for free.

Huh? State and local income tax in Nashville is zero, to California's 13.3 percent for top earners. That applies to your total income. I don't know how sales and property tax compares, but that applies to a small fraction of Brock's income. Any way you cut it, Brock will net close to 13.3 percent more for his Nashville income.

Even with the income tax, the Santa Clara county combined sales tax is still 9.13 percent.

CatchMaster80, where did you get the Tennessee tax figures from?
Not trying to put you on the spot or anything. Just wondering about the discrepency. Thanks.

Originally posted by Isosceles:

Originally posted by BOI49er:

Originally posted by CatchMaster80:
Taxes aren't that much lower in Nashville. Their combined state and county taxes amount tp 9.75% That's about 4% lower than CA. but I doubt that was the reason he decided to settle there. With the money he'll be making he can afford taxes anywhere.

The issue of taxes is brought up a lot but I don't know a lot of people that pick where they will live based on taxes. It's usually based on job opportunities, lifestyle, weather and sometimes how crowded it is. I moved from California because of the traffic and high overall cost of living. Not the taxes. Usually if there are no income tax or sales tax the revenue is made up in some other form. You can't get roads, schools and infrastructure for free.

Huh? State and local income tax in Nashville is zero, to California's 13.3 percent for top earners. That applies to your total income. I don't know how sales and property tax compares, but that applies to a small fraction of Brock's income. Any way you cut it, Brock will net close to 13.3 percent more for his Nashville income.

Even with the income tax, the Santa Clara county combined sales tax is still 9.13 percent.

CatchMaster80, where did you get the Tennessee tax figures from?
Not trying to put you on the spot or anything. Just wondering about the discrepency. Thanks.

Quick Overview

If Brock Purdy bought his property in Davidson County (Nashville) his formula is 25% of Property Value divided by 100 times 3.254. If he bought it in Williamson County (Nashville Metro) it's 0.739 rather than 3.254.

The 3.254 and 0.739 are $ amounts divided by $100 of assessed property value that differ per county in Tennessee.

Example: $10,000,000 property would be ($2,500,000/100)*3.254=$81,350 in Davidson County. Or ($2,500,000/100)*0.739=$18,475 in Williamson County. Rumors are/were Brock Purdy bought his home in Williamson County, albeit a since deleted post. In California it's 1% of assessed property value plus local so in San Mateo County, specifically Palomar Park it's 1.08%. so $10,000,000*1.08%=$108,000.

Davidson County (Nashville): $81,350
Williamson County (Nashville Metro): $18,475
Palomar Park (San Mateo Metro): $108,000

Sales Tax Rates: Incredibly complicated but a few points, Tennessee's is 7% and California's is 7.25%. From there you have local additions to the tax in Nashville for example it's an additional 2.75% equalling 9.75%. Palomar Park's total rate is 9.88%. Additionally California has far more true exemptions than Tennessee, for instance Tennessee reduces its sales tax for food to 4% and in California unprepared foods (most groceries) are completely exempt. There are more full exemptions like LPG, Prescription Meds, Medical Devices, Diapers, Menstrual Hygiene Products, Utilities. Partial exemptions include Diesel Fuel, Farm Equipment, Timber Harvesting Equipment/Machinery.

FWIW: Majority of the full exemptions in Tennessee have to be qualified typically every 4 years and the qualifications vary with fees involved.

As for how Tennessee's infrastructure is paid:

Simple Answer: Most of Tennessee's infrastructure is paid through ($19.7 billion in Federal transfers) and some of the infrastructure is paid for through bonds ($5.05 billion). Unfortunately, most of that $5.05 billion has the 11.50% maximum interest rate attached to it and is paid for by taxpayers, consumers, or both. FWIW: Tennessee's 11.50% maximum interest rate on bonds is just a 4% addition to the current Fed Rate(7.50%).

Layman's Terms: California and New York essentially pay for Tennessee's infrastructure.

Explanation. A little over $1 Trillion is contributed by California and New York of the little over $2 Trillion the government received in taxes. My numbers come from the 2022 fiscal year FWIW. In that year the government transferred $1.11 Trillion in federal taxes back to the states, much of that came from the $1.0538 Trillion of California's ($692 billion) and New York's ($361.8 billion) paid in federal taxes.

Sales Tax Rates: Incredibly complicated but a few points, Tennessee's is 7% and California's is 7.25%. From there you have local additions to the tax in Nashville for example it's an additional 2.75% equalling 9.75%. Palomar Park's total rate is 9.88%. Additionally California has far more exemptions than Tennessee, for instance Tennessee reduces its sales tax for food to 4% and in California unprepared foods (most groceries) are completely exempt. There are more full exemptions like LPG, Prescription Meds, Medical Devices, Diapers, Menstrual Hygiene Products, Utilities. Partial exemptions include Diesel Fuel, Farm Equipment, Timber Harvesting Equipment/Machinery. Tennessee has similar exemptions outside of groceries.

FWIW: Majority of the full exemptions in Tennessee have to be qualified typically every 4 years and the qualifications vary with fees involved, this can be both a positive and a negative depending on the specific situation.

Brock made $100M at signing, he can afford multiple houses in the bay lol

Thanks for the information JamesF. Looks like you are well-versed in the tax codes.
But before one of the Mods has to come in and put us back on track with the subject of QB Brock Purdy, perhaps
we all should leave the issue of his personal expenses, like this one, alone now.

Came in for BP news..all I see is tax stuff lol. James, you an accountant? Lol maybe you can do Brock's taxes.

Originally posted by Isosceles:
Thanks for the information JamesF. Looks like you are well-versed in the tax codes.
But before one of the Mods has to come in and put us back on track with the subject of QB Brock Purdy, perhaps
we all should leave the issue of his personal expenses, like this one, alone now.

So long as you mention "Brock Purdy buying a house",...you're on track. His every move is always tracked in this thread.

Originally posted by JamesF:
Quick Overview

If Brock Purdy bought his property in Davidson County (Nashville) his formula is 25% of Property Value divided by 100 times 3.254. If he bought it in Williamson County (Nashville Metro) it's 0.739 rather than 3.254.

The 3.254 and 0.739 are $ amounts divided by $100 of assessed property value that differ per county in Tennessee.

Example: $10,000,000 property would be ($2,500,000/100)*3.254=$81,350 in Davidson County. Or ($2,500,000/100)*0.739=$18,475 in Williamson County. Rumors are/were Brock Purdy bought his home in Williamson County, albeit a since deleted post. In California it's 1% of assessed property value plus local so in San Mateo County, specifically Palomar Park it's 1.08%. so $10,000,000*1.08%=$108,000.

Davidson County (Nashville): $81,350
Williamson County (Nashville Metro): $18,475
Palomar Park (San Mateo Metro): $108,000

Sales Tax Rates: Incredibly complicated but a few points, Tennessee's is 7% and California's is 7.25%. From there you have local additions to the tax in Nashville for example it's an additional 2.75% equalling 9.75%. Palomar Park's total rate is 9.88%. Additionally California has far more true exemptions than Tennessee, for instance Tennessee reduces its sales tax for food to 4% and in California unprepared foods (most groceries) are completely exempt. There are more full exemptions like LPG, Prescription Meds, Medical Devices, Diapers, Menstrual Hygiene Products, Utilities. Partial exemptions include Diesel Fuel, Farm Equipment, Timber Harvesting Equipment/Machinery.

FWIW: Majority of the full exemptions in Tennessee have to be qualified typically every 4 years and the qualifications vary with fees involved.

As for how Tennessee's infrastructure is paid:

Simple Answer: Most of Tennessee's infrastructure is paid through ($19.7 billion in Federal transfers) and some of the infrastructure is paid for through bonds ($5.05 billion). Unfortunately, most of that $5.05 billion has the 11.50% maximum interest rate attached to it and is paid for by taxpayers, consumers, or both. FWIW: Tennessee's 11.50% maximum interest rate on bonds is just a 4% addition to the current Fed Rate(7.50%).

Layman's Terms: California and New York essentially pay for Tennessee's infrastructure.

Explanation. A little over $1 Trillion is contributed by California and New York of the little over $2 Trillion the government received in taxes. My numbers come from the 2022 fiscal year FWIW. In that year the government transferred $1.11 Trillion in federal taxes back to the states, much of that came from the $1.0538 Trillion of California's ($692 billion) and New York's ($361.8 billion) paid in federal taxes.

Sales Tax Rates: Incredibly complicated but a few points, Tennessee's is 7% and California's is 7.25%. From there you have local additions to the tax in Nashville for example it's an additional 2.75% equalling 9.75%. Palomar Park's total rate is 9.88%. Additionally California has far more exemptions than Tennessee, for instance Tennessee reduces its sales tax for food to 4% and in California unprepared foods (most groceries) are completely exempt. There are more full exemptions like LPG, Prescription Meds, Medical Devices, Diapers, Menstrual Hygiene Products, Utilities. Partial exemptions include Diesel Fuel, Farm Equipment, Timber Harvesting Equipment/Machinery. Tennessee has similar exemptions outside of groceries.

FWIW: Majority of the full exemptions in Tennessee have to be qualified typically every 4 years and the qualifications vary with fees involved, this can be both a positive and a negative depending on the specific situation.

What's up David Lombardi.

Originally posted by Isosceles:

Originally posted by BOI49er:

Originally posted by CatchMaster80:
Taxes aren't that much lower in Nashville. Their combined state and county taxes amount tp 9.75% That's about 4% lower than CA. but I doubt that was the reason he decided to settle there. With the money he'll be making he can afford taxes anywhere.

The issue of taxes is brought up a lot but I don't know a lot of people that pick where they will live based on taxes. It's usually based on job opportunities, lifestyle, weather and sometimes how crowded it is. I moved from California because of the traffic and high overall cost of living. Not the taxes. Usually if there are no income tax or sales tax the revenue is made up in some other form. You can't get roads, schools and infrastructure for free.

Huh? State and local income tax in Nashville is zero, to California's 13.3 percent for top earners. That applies to your total income. I don't know how sales and property tax compares, but that applies to a small fraction of Brock's income. Any way you cut it, Brock will net close to 13.3 percent more for his Nashville income.

Even with the income tax, the Santa Clara county combined sales tax is still 9.13 percent.

CatchMaster80, where did you get the Tennessee tax figures from?
Not trying to put you on the spot or anything. Just wondering about the discrepency. Thanks.

That number is the combined tax rate derived from state and local sales taxes. I guess I didn't emphasize that. So that's about the same as Santa Clara county. No state income taxes which saves him 13.3 %. Of course he'll still pay the federal income tax.

I still think there are a lot of reasons for choosing an area to live in other than what the state income tax rate is. Many 49ers making less than what Brock is getting live in the Bay Area. Even if he paid the full 13.3% he would still be making way more than he ever dreamed of. When guys earn that much money they rarely actually pay the full tax rate. They have several tax write offs. One of the benefits of being wealthy.

Nothing wrong with living in Nashville. It looks like a nice place. Personally I could never stand the humidity but apparently it doesn't bother Brock or his wife.

Originally posted by CatchMaster80:

Originally posted by Isosceles:

Originally posted by BOI49er:

Originally posted by CatchMaster80:
Taxes aren't that much lower in Nashville. Their combined state and county taxes amount tp 9.75% That's about 4% lower than CA. but I doubt that was the reason he decided to settle there. With the money he'll be making he can afford taxes anywhere.

The issue of taxes is brought up a lot but I don't know a lot of people that pick where they will live based on taxes. It's usually based on job opportunities, lifestyle, weather and sometimes how crowded it is. I moved from California because of the traffic and high overall cost of living. Not the taxes. Usually if there are no income tax or sales tax the revenue is made up in some other form. You can't get roads, schools and infrastructure for free.

Huh? State and local income tax in Nashville is zero, to California's 13.3 percent for top earners. That applies to your total income. I don't know how sales and property tax compares, but that applies to a small fraction of Brock's income. Any way you cut it, Brock will net close to 13.3 percent more for his Nashville income.

Even with the income tax, the Santa Clara county combined sales tax is still 9.13 percent.

CatchMaster80, where did you get the Tennessee tax figures from?
Not trying to put you on the spot or anything. Just wondering about the discrepency. Thanks.

That number is the combined tax rate derived from state and local sales taxes. I guess I didn't emphasize that. So that's about the same as Santa Clara county. No state income taxes which saves him 13.3 %. Of course he'll still pay the federal income tax.

I still think there are a lot of reasons for choosing an area to live in other than what the state income tax rate is. Many 49ers making less than what Brock is getting live in the Bay Area. Even if he paid the full 13.3% he would still be making way more than he ever dreamed of. When guys earn that much money they rarely actually pay the full tax rate. They have several tax write offs. One of the benefits of being wealthy.

Nothing wrong with living in Nashville. It looks like a nice place. Personally I could never stand the humidity but apparently it doesn't bother Brock or his wife.

Humidity is not too bad, but you do have to worry about severe storms like Tornados. Though not nearly as bad as Western TN near Memphis.

Originally posted by tankle104:
What's up David Lombardi.

Lol

Originally posted by Montana:

Originally posted by tankle104:
What's up David Lombardi.

Lol

There was a poster on here once that kept calling this guy David Lombardi and I thought it was hilarious. He was serious too. Hahaha

im onto, David. Can't fool me #sk00lz4f00lz