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.
The above link leads to an external page. 49ers Webzone has no control over its contents.
Follow us on:
Read Next
Latest
- Kyle Shanahan nearly lost an eye in car accident, says Chris Simms
- 49ers training camp: De'Zhaun Stribling impresses as another rookie avoids serious injury
- Former 49ers DE Clelin Ferrell joins Dolphins
- Brock Purdy reveals impact of Dre Greenlaw's return
- 49ers QB Brock Purdy and DC Raheem Morris share training camp updates
Trending News
-
49ers Webzone • 9 hrs
-
49ers Webzone • 10 hrs
-
49ers Webzone • 6 hrs
-
49ers Webzone • 9 hrs
-
49ers Webzone • 11 hrs
-
49ers Webzone • 5 hrs