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If Manning is able to play next season, his New Jersey income tax would be $46,989 on $92,000 for winning the Super Bowl, or 51.08%. If they lose and he is able to play in 2014, he will pay New Jersey $46,844 on his $46,000, which amounts to a 101.83% tax on his actual Super Bowl earnings in the state—and this does not even consider federal taxes!
I'm sure he'll have major problems feeding his family because of these taxes.
New Jersey Taxes Could Eat Up All Of Peyton Manning's Super Bowl Earnings - Forbes
Peyton Manning had better win Sunday, or he'll have to write a check to New Jersey. And the dude doesn't even live there. LOL
I'm sure he'll have major problems feeding his family because of these taxes.
Typical liberal. It's OK to steal more than 100 percent of his income since he already has a lot of money.
No, didn't say that. I'm just saying I'm not getting outraged by this, because no one is dying from this.
Typical liberal. It's OK to steal more than 100 percent of his income since he already has a lot of money.
New Jersey Taxes Could Eat Up All Of Peyton Manning's Super Bowl Earnings - Forbes
Peyton Manning had better win Sunday, or he'll have to write a check to New Jersey. And the dude doesn't even live there. LOL
So where's your outrage for Hillary/Obama over Benghazi?
Oh, never mind.
So? You pay taxes where you reside and you also are suppose to pay taxes in states you made income.
Based on the math there's nothing wrong with it. It's based on his yearly income and duty days. There are 200 duty days in the season (if he plays next year) for 2014. He spent 7 out the of the 200 duty days working in New Jersey. That's why it's 7/200 times his yearly salary times the income tax rate and not just his bonus for playing the game. Every state does that.
No, didn't say that. I'm just saying I'm not getting outraged by this, because no one is dying from this.
New Jersey Taxes Could Eat Up All Of Peyton Manning's Super Bowl Earnings - Forbes
Peyton Manning had better win Sunday, or he'll have to write a check to New Jersey. And the dude doesn't even live there. LOL
New Jersey Taxes Could Eat Up All Of Peyton Manning's Super Bowl Earnings - Forbes
Peyton Manning had better win Sunday, or he'll have to write a check to New Jersey. And the dude doesn't even live there. LOL
While this is an exaggeration of the taxes Manning has to pay, the idea that he has to pay anything to a state he doesn't live in is ludicrous and should be illegal.
While this is an exaggeration of the taxes Manning has to pay, the idea that he has to pay anything to a state he doesn't live in is ludicrous and should be illegal.
Wonder what the waterfront payoff was to the NFL for bringing this game to the state of the MOB .Typical liberal. It's OK to steal more than 100 percent of his income since he already has a lot of money.
So? You pay taxes where you reside and you also are suppose to pay taxes in states you made income.
Based on the math there's nothing wrong with it. It's based on his yearly income and duty days. There are 200 duty days in the season (if he plays next year) for 2014. He spent 7 out the of the 200 duty days working in New Jersey. That's why it's 7/200 times his yearly salary times the income tax rate and not just his bonus for playing the game. Every state does that.
New Jersey is paying him nothing. No one in New Jersey is paying him. The Denver Broncos pay him (and the NFL provides bonuses for playoffs).
So a travelling salesperson should have to pay income taxes in every state they do business in? Of course they don't.
For the record, Texas has no state income taxes, so it doesn't cost an NFL player a dime to play in a Super Bowl in Houston or Dallas.
This is nothing more than a money-grab from a perpetually debt-ridden state. Funny how the states with the highest taxes are in the worst financial state.
New Jersey is paying him nothing. No one in New Jersey is paying him. The Denver Broncos pay him (and the NFL provides bonuses for playoffs).
So a travelling salesperson should have to pay income taxes in every state they do business in? Of course they don't.
For the record, Texas has no state income taxes, so it doesn't cost an NFL player a dime to play in a Super Bowl in Houston or Dallas.
This is nothing more than a money-grab from a perpetually debt-ridden state. Funny how the states with the highest taxes are in the worst financial state.
Manning has only $46k in income?Typical liberal. It's OK to steal more than 100 percent of his income since he already has a lot of money.
While this is an exaggeration of the taxes Manning has to pay, the idea that he has to pay anything to a state he doesn't live in is ludicrous and should be illegal.
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