bluecoconuts
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- Joined
- May 28, 2011
- Messages
- 13,073
With regards to State Income taxes, it is possible for a Rams player to end up paying 9 State Income Taxes....They could pay 8 games of taxes to Missouri and up to 8 different State Income Taxes depending on how the schedule falls during a given year. It is a big chunk of change considering they are getting nailed at usually the highest tax rate.
From prosportstax.com
State, City & Local Income Taxes: NFL players typically have income taxes withheld at the federal,
state, city and local level. A player may often be required to file in as many as nine states as well as at the
federal level. The amounts withheld for state, city and local taxes are generally deductible.
Ah, that's interesting, wonder why they do it like that, seems far more complicated than it needs to be. Is there a benefit to doing it that way?