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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 humbolt View Post
    I have to give you credit for lasting that long.
    I just love steamed crabs....
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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
    I just love steamed crabs....
    My younger brother will soon be leaving Annapolis, and he's heading for either the NC or SC coast. It seems MD has finally and completely gone off the deep end.

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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.
    Whatever. Your state income tax rate is higher than mine in PA. Then again, I probably wouldn't make as much if I lived in SC.

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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
    My younger brother will soon be leaving Annapolis, and he's heading for either the NC or SC coast. It seems MD has finally and completely gone off the deep end.
    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....
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

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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
    Whatever. Your state income tax rate is higher than mine in PA. Then again, I probably wouldn't make as much if I lived in SC.
    Not necessarily....I make more, largely because I work for a better company down here...But, none the less, better weather, nicer people, and lower overall cost of living. Plus I live in proximity that I can be at a lake, in the mountains, or at the ocean, plus I live near a golf course that is amazing! and since the average winter temp here is above 50 degrees, it's open year round.....
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

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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
    Not necessarily....I make more, largely because I work for a better company down here...But, none the less, better weather, nicer people, and lower overall cost of living. Plus I live in proximity that I can be at a lake, in the mountains, or at the ocean, plus I live near a golf course that is amazing! and since the average winter temp here is above 50 degrees, it's open year round.....
    Better weather? Some times of the year, sure. Except those times with high humidity and hurricanes. Enjoy your recent storm?

    nicer people: most Pennsylvanians are overly polite

    lower cost of living: could be.

    lake, mountain, ocean: check, check, check.

    Golf course: got plenty of those. Just course down the road hosted the US Open last year.

    My average winter high is about 45 degrees (except January).

    Point is, that there are nice places all over the place and there are some crap holes too.

    For this discussion, we also have plenty of athletes coming to the state who will actually be paying these taxes--two major league cities, more to collect

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

    I don't blame you.
    OTOH, they feel the same about us and I know a lot of good ones in my daily life.
    Like the teacher who will host our annual Super Bowl party.
    Please do your part by helping to elect Michelle Nunn and other state Dems .
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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.
    Yes, but he would be paid his $15 million salary whether or not they made it to the Super Bowl. He earned that money in the regular season, none of it in NJ.
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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, but he would be paid his $15 million salary whether or not they made it to the Super Bowl. He earned that money in the regular season, none of it in NJ.
    No one is making him play in the SB. If he doesn't like it, he can quit
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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.
    Good point. Makes me realize I am trying to discuss something that's over my head. My only experience was the one house sale but of course, i clearly made my profit in CA. Maybe its based on a specific action that earns the money in the other state?

    We'll need a tax person to help us learn more.

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