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Conference Realignment Board

mrcaniac

Joined: 11/27/2012 Posts: 637
Likes: 207


Might have a big effect on recruiting


Athletes from Texas (no state income tax) will see their earnings drop if they go to play in California (12.5% top rate). Players from Cali might start making their way east to schools in lower tax states and change their residency to that state.

(In response to this post by EDGEMAN)

Posted: 09/09/2021 at 3:14PM



+2

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Current Thread:
 
  
NIL question for the CPAs on this board -- EDGEMAN 09/08/2021 5:16PM
  No matter the school... -- GCHokie34 09/08/2021 9:10PM
  @GCHokie34 You might want to chime in. ** -- IB4TECH 09/08/2021 8:52PM
  It depends on how the agreement is structured. -- RJHokie 09/08/2021 6:02PM
  Would be subject to self employment tax. ** -- VT4ME 09/08/2021 5:56PM
  When I worked as an independent contractor... -- EDGEMAN 09/08/2021 8:23PM
  Which I believe runs around 15% ** -- VT ChemE 1986 09/08/2021 6:02PM
  Yep ** -- VT4ME 09/08/2021 7:09PM

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