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Tax man cometh for Golden State Warriors
Source:
mercurynews.com
- Jul 21, 2017
With the mind-boggling money being doled out in NBA contracts, players don’t seem to be overly concerned about state taxes – or the lack of them.
Stephen Curry signed a $201 million deal with the Warriors and Blake Griffin got a $175 million from the Los Angeles Clippers. The rub: In California, the top tax rate of 13.3 percent is the highest in the nation. To get just a rough indication of how much state tax they might face, consider that 13.3 percent of $201 million is about $26.7 million.
Meanwhile, Houston Rockets guard James Harden signed a $228 million extension to play in Texas, which has no state income tax.
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Category: General Business
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