bigbadbruins1
Registered User
- Dec 12, 2008
- 2,166
- 338
While it certainly has implications on some, I don't believe players put as much weight into taxes as we think. Its not like they are exempt from Federal income tax, Social security, medicare, escrow, etc. so while yes, some states have no income tax, realistically they save ~5% or less on their deal by going to a tax free state. So if someone signs a 1 year, 4 million dollar deal they will keep a whole 200k extra by going to Florida or LV. Now if you are talking California or NJ, yeah its a big chunk of change since they are 13.3% and 10.8% respectively, so much more than average income taxes.