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Thread: New Jersey Taxes Could Eat Up All Of Peyton Manning's Super Bowl Earnings

  1. #111
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    Re: New Jersey Taxes Could Eat Up All Of Peyton Manning's Super Bowl Earnings

    Quote Originally Posted by sangha View Post
    No one is making him play in the SB. If he doesn't like it, he can quit
    Yes, we know. Everyone can quit, run away, kill themselves, etc... Thanks for that one, so well thought out. A great option, right? "Manning to skip Super Bowl over tax issue", I can see the headlines now.

    Get real. That is not an option.

    Except government, that is. Nope, no quitting there. The government will keep coming after you, for every last thing you have, right down to your last piece of liberty. With the support of the left, all the way.
    "We have met the enemy and they are ours..." -- Oliver Hazard Perry
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  2. #112
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    Re: New Jersey Taxes Could Eat Up All Of Peyton Manning's Super Bowl Earnings

    Quote Originally Posted by Anthony60 View Post
    If the Broncos lost to the Patriots and did not make it to the Super Bowl, Manning would still be paid his $15 million. So, if he loses the Super Bowl, he will actually make less money than not making it here at all. That's how the costing over 100% theory works.
    Thanks for the explanation, but I was once a CPA, so I know a little bit about taxes. Unfortunately, most of the people that got their panties in a bunch about this do not. I do not quibble with the calculation, only with the implication that he pays more in taxes than he makes. It is completely untrue and misleading.

    The whole issue is about appointment of income amongst the states he worked.... if the calculation shifts income to New Jersey, it is somewhat offset by all of the other states he plays in where, by calculation, he would pay less tax. He pays state tax on the $15M, that is unchanged... its just what state gets to claim what allocation of income (and get the tax thereon). The article is misleading, designed to excite the ignorant as if this is some type of problem or just be a quip of interest for those that do. In either case, its silly as Peyton could care less. I am certain (speculating here) that Manning and most NFL players would be happy to play in the Bowl for gratis.

  3. #113
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    Re: New Jersey Taxes Could Eat Up All Of Peyton Manning's Super Bowl Earnings

    Quote Originally Posted by Anthony60 View Post
    Yes, we know. Everyone can quit, run away, kill themselves, etc... Thanks for that one, so well thought out. A great option, right? "Manning to skip Super Bowl over tax issue", I can see the headlines now.

    Get real. That is not an option.

    Except government, that is. Nope, no quitting there. The government will keep coming after you, for every last thing you have, right down to your last piece of liberty. With the support of the left, all the way.
    It certainly is an option but thank God Peyton and the other atheletes have rejected the right's hysteria-driven aversion to govt.
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  4. #114
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    Re: New Jersey Taxes Could Eat Up All Of Peyton Manning's Super Bowl Earnings

    Quote Originally Posted by j-mac View Post
    We love SC....Houses are about half the price as in the NE, with more land with them, and gas is about .30 cheaper on average....Plus the people down here are pretty nice....I miss the crabs though...I have often thought about trying to open a Maryland style crab shack down here, I wonder if it would work....
    If enough people move from the NE to SC, I'd say it would have a chance.

  5. #115
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    Re: New Jersey Taxes Could Eat Up All Of Peyton Manning's Super Bowl Earnings

    Quote Originally Posted by j-mac View Post
    We love SC....Houses are about half the price as in the NE, with more land with them, and gas is about .30 cheaper on average....Plus the people down here are pretty nice....I miss the crabs though...I have often thought about trying to open a Maryland style crab shack down here, I wonder if it would work....
    .... miss the crabs? Just embrace the crabs native to the state. They seem abundant enough (so many that perhaps its time for bounty), though often in poor taste, but SC seems overrun with the species of crab known as tea partiers.

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    Re: New Jersey Taxes Could Eat Up All Of Peyton Manning's Super Bowl Earnings

    Quote Originally Posted by Phys251 View Post
    That's fine. Now do you have some proof that it does exist?



    Nice flail. Your response suggests that my initial reaction was right--this story is just another conservative lie.
    By all means continue to trust your political lean without checking. It reinforces what you already believe, so it's convenient. Whatever you do, don't check it out for yourself. Flail? Nobody posting here knows with certainty exactly what Manning's financial circumstances regarding this possibility - the thread offers the real possibility that such might be the case. Since you've decided in advance, why would anybody lift a finger to convince you the possibility exists? If you're convinced it's a lie, maybe you could offer some proof that it is rather than bloviate regarding your presupposition.

  7. #117
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    Re: New Jersey Taxes Could Eat Up All Of Peyton Manning's Super Bowl Earnings

    Something sounds unconstitutional about this.

    No State shall, without the Consent of the Congress, lay any Imposts or Duties on Imports or Exports, except what may be absolutely necessary for executing it's inspection Laws: and the net Produce of all Duties and Imposts, laid by any State on Imports or Exports, shall be for the Use of the Treasury of the United States; and all such Laws shall be subject to the Revision and Controul of the Congress.

    nor shall any State deprive any person of life, liberty, or property, without due process of law; nor deny to any person within its jurisdiction the equal protection of the laws.

    Section 1 of the Fourteenth Amendment to the U.S. Constitution prohibits
    states from depriving “any person of life, liberty, or property, without due
    process of law . . . .”22 The Supreme Court has held that “[i]t is a venerable if
    trite observation that seizure of property by the State under pretext of taxation
    when there is no jurisdiction or power to tax is simple confiscation and a
    denial of due process of law.”23 In determining whether a state has the
    jurisdiction to impose a tax, the Court will adhere to a “time-honored concept:
    that due process requires some definite link, some minimum connection,
    between a state and the person, property or transaction it seeks to tax.”24
    http://scholarship.law.marquette.edu...text=sportslaw

    It would thus be fair to tax Manning on the income he earned within the state, but not in relation to income he earned elsewhere. Beyond that, its just stupid. Manning is bringing far more economic activity to the area than any taxes they might collect from him. NJ should be paying HIM.

  8. #118
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    Re: New Jersey Taxes Could Eat Up All Of Peyton Manning's Super Bowl Earnings

    Quote Originally Posted by Your Star View Post
    I'm sure he'll have major problems feeding his family because of these taxes.
    Irrelevant. Literally.
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    Re: New Jersey Taxes Could Eat Up All Of Peyton Manning's Super Bowl Earnings

    Quote Originally Posted by upsideguy View Post
    .... miss the crabs? Just embrace the crabs native to the state. They seem abundant enough (so many that perhaps its time for bounty), though often in poor taste, but SC seems overrun with the species of crab known as tea partiers.
    If he's getting crabs, he might just be embracing the wrong people.
    "Donald Trump is a phony, a fraud... [he's] playing the American public for suckers." Mitt Romney

  10. #120
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    Re: New Jersey Taxes Could Eat Up All Of Peyton Manning's Super Bowl Earnings

    Quote Originally Posted by humbolt View Post
    If enough people move from the NE to SC, I'd say it would have a chance.
    Oh, I think it has a great chance. Note the wealth, and business fleeing high tax, high regulation areas of the country for freer states like SC, AL, MS, TX...etc.
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

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