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

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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.
    Are you seriously trying to make that point, or was that just trying to be funny? Maybe we should take everything you have except a loft of bread and stick of butter. You can feed yourself just fine, I'm mean.....you'll live.
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    Re: New Jersey Taxes Could Eat Up All Of Peyton Manning's Super Bowl Earnings

    Quote Originally Posted by Erod View Post
    Manning will make about $42K if he loses the Super Bowl this week. New Jersey will tax him more than that for THIS WEEK alone.
    And he doesn't live in New Jersey. He lives in Denver right now.
    That's not what the article says:

    "New Jersey, and every other state that imposes a jock tax, taxes players on their calendar-year income from each employer.
    <snip>
    But should Manning continue his career into the 2014 season, New Jersey will collect an additional $45,000 from him by taxing income he has not even earned yet."

    Afaict, it says that they are taxing his annual income, not his week's income.
    I may be wrong.

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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
    I'm not yet seeing anything in there that proves that Manning will have to pay a 100+% tax on his Super Bowl earnings. Not saying that he necessarily won't, but the burden is on you guys to prove that he will.
    I was responding to "what the hell is a jock tax and why should I believe it exists."
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    Re: New Jersey Taxes Could Eat Up All Of Peyton Manning's Super Bowl Earnings

    Quote Originally Posted by specklebang View Post
    I don't know. I was just trying to contribute my (very limited) knowledge regarding multi-state taxation based on my anecdotal experience. I don't follow sports so I'm a little out of my depth here. I assumed (and we all know how that goes) that Mr. Manning was playing a game in New Jersey which would effectively mean that he was working in New Jersey at the time he got paid this income. Maybe I'm completely off track here - did he "work/play" in New Jersey? If he did, then NJ has a claim on the revenue he earned in NJ. If not, no, they should have no claim at all. Please forgive my ignorance that lead me to incorrectly make my statement.
    AFAIK, your taxes are calculated in the state you live in. For example, as a Truck driver for a medium sized company, they are located with their HQ in Nashville TN, I live in SC, but drive through TN four times a week at least, that technically mean that I earn at least a part of my income from being in the states of SC, NC, TN, KY, OH, IN. That doesn't mean that I owe each one of the states tax money, that is insane.
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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
    You are not listening to my specific concern.

    Conservatives have been, and continue to be, so wrong about so many things, that it's almost gotten to the point where I assume they're lying until they can prove that they are telling me the truth. So I am deeply, deeply skeptical about the claim presented to me in the OP. And I will not accept it unless sure-fire evidence is presented to me.
    Presented to you? If you're posting in this thread, you could look for the evidence yourself since you fear someone is lying to you. Or you could drop it if it isn't of sufficient interest to you to prompt a search for the truth. Just sitting back and taking this as an opportunity to smear all conservatives doesn't reflect any specific concern other than the aforementioned smear.

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

    Quote Originally Posted by Erod View Post
    But he doesn't live in New Jersey. A travelling salesperson doesn't pay taxes there. Why should he?
    He should...it just comes down to he fact New Jersey isn't going to chase down like 2% of 2,000 dollars for their state.

    A Bears player who plays in New Jersey, therefore, gets taxed three times on the same dollar: once by the federal government, once by Illinois, and once by New Jersey. That's ridiculous. (And Obama wants to raise his taxes even further.)
    He doesn't get taxed by Illinois for income earned in New Jersey
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    Re: New Jersey Taxes Could Eat Up All Of Peyton Manning's Super Bowl Earnings

    Quote Originally Posted by Simon W. Moon View Post
    That's not what the article says:

    "New Jersey, and every other state that imposes a jock tax, taxes players on their calendar-year income from each employer.
    <snip>
    But should Manning continue his career into the 2014 season, New Jersey will collect an additional $45,000 from him by taxing income he has not even earned yet."

    Afaict, it says that they are taxing his annual income, not his week's income.
    The annual income is pro-rated based on how much time he spends working in the state, so they don't apply the tax rate to his entire annual income.

    In addition, if the person lives in a state with an income tax, the money he pays to another state for their jock tax can be deducted from the home states income tax.
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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
    AFAIK, your taxes are calculated in the state you live in. For example, as a Truck driver for a medium sized company, they are located with their HQ in Nashville TN, I live in SC, but drive through TN four times a week at least, that technically mean that I earn at least a part of my income from being in the states of SC, NC, TN, KY, OH, IN. That doesn't mean that I owe each one of the states tax money, that is insane.
    There are two possibilities with Truck drivers. 1. They don't make enough to either be worth going after or they are below likely thresholds. 2. It could interfere with Interstate Commerce and therefore, the Commerce Clause.

    They try to collection from all the usual targets including entertainers and of course, sports. It has created a whole industry to help these individuals comply with all the various taxes as they travel around the country.

    In my nearby city of Philly, they charge income tax for those living in the city and they also charge another rate for those who live outside the city--including those who live in NJ. It's their city, they can tax those who work in their city/state.

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

    Quote Originally Posted by AliHajiSheik View Post
    There are two possibilities with Truck drivers. 1. They don't make enough to either be worth going after or they are below likely thresholds. 2. It could interfere with Interstate Commerce and therefore, the Commerce Clause.

    They try to collection from all the usual targets including entertainers and of course, sports. It has created a whole industry to help these individuals comply with all the various taxes as they travel around the country.

    In my nearby city of Philly, they charge income tax for those living in the city and they also charge another rate for those who live outside the city--including those who live in NJ. It's their city, they can tax those who work in their city/state.

    Yeah, thus the reason I moved out of the NE after 20 years.
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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
    Yeah, thus the reason I moved out of the NE after 20 years.
    I have to give you credit for lasting that long.

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