A day before Seahawks G.M. John Schneider addressed the potential impact of Washington's looming "millionaire tax" on the defending Super Bowl champions, Simms and I stumbled into a conversation about state income taxes during PFT Live.The spark came from the trade that has sent defensive tackle Osa Odighizuwa from the Cowboys (and Texas) to the 49ers (and California). In his last stop, there was no state income tax. At his new team, he'll lose 13.3 percent, off the top.It's not as clean and simple as every penny of compensation being taxed, or not, by the state where the team plays. For road trips, the game check is taxed by the state in which the game happens. It gets more complicated as to per-game roster bonuses. As we hear it, some states try to tax the visiting player based also on a percentage of the full-year roster bonuses and/or the prorated portion of the signing bonus for the season in which the game is played.And, yes, the lack of state income tax becomes a selling point in free agency, which explains Schneider's concerns about Washington's tax rate for millionaires increasing from 0.0 percent to 9.9. But, as Odighizuwa will learn the...
Some think salary cap should take state taxes into account
The above videos are auto-populated by an affiliate.
Follow us on:
The above link leads to an external page. 49ers Webzone has no control over its contents.
Read Next
Latest
- Raiders sign former 49ers OL Spencer Burford
- 49ers free agent OL Spencer Burford visits Raiders
- 49ers mock draft roundup: Offense emerging as a Round 1 priority?
- George Kittle pinpoints when Brandon Aiyuk communication broke down
- George Kittle reveals new details on Achilles injury
Trending News
-
49ers Webzone • Mar 16
-
49ers Webzone • Mar 16
-
49ers Webzone • 22 hrs
-
49ers Webzone • 20 hrs
-
49ers Webzone • Mar 16
-
49ers Webzone • 21 hrs