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

Erod

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New Jersey Taxes Could Eat Up All Of Peyton Manning's Super Bowl Earnings - Forbes

If Manning is able to play next season, his New Jersey income tax would be $46,989 on $92,000 for winning the Super Bowl, or 51.08%. If they lose and he is able to play in 2014, he will pay New Jersey $46,844 on his $46,000, which amounts to a 101.83% tax on his actual Super Bowl earnings in the state—and this does not even consider federal taxes!

Peyton Manning had better win Sunday, or he'll have to write a check to New Jersey. And the dude doesn't even live there. LOL
 
State rights, the NFL could have refused to play the Super Bowl in such states. This tax is a sort of high roller version 'hotel/motel' tax most cities levy on visitors. (sort of runs against the incentive to bring more revenue in from out of state folks but what the hell, not the first time now is it?)
 
I'm sure he'll have major problems feeding his family because of these taxes.
 
I'm sure he'll have major problems feeding his family because of these taxes.

Typical liberal. It's OK to steal more than 100 percent of his income since he already has a lot of money.
 
Typical liberal. It's OK to steal more than 100 percent of his income since he already has a lot of money.

No, didn't say that. I'm just saying I'm not getting outraged by this, because no one is dying from this.
 
No, didn't say that. I'm just saying I'm not getting outraged by this, because no one is dying from this.

So where's your outrage for Hillary/Obama over Benghazi?

Oh, never mind.
 
Typical liberal. It's OK to steal more than 100 percent of his income since he already has a lot of money.

More CON crap! The tax isn't on 100% of his income but on less than 9% of his annual salary. What the article you cited doesn't say is quite a few states use this tax, not just for the Super Bowl, and not an 'all of a sudden' tax.

That ring means FAR more to him than the tax, perhaps that is why he is so focused and successful a player.

But do whine on....
 
New Jersey Taxes Could Eat Up All Of Peyton Manning's Super Bowl Earnings - Forbes



Peyton Manning had better win Sunday, or he'll have to write a check to New Jersey. And the dude doesn't even live there. LOL

So? You pay taxes where you reside and you also are suppose to pay taxes in states you made income.

Based on the math there's nothing wrong with it. It's based on his yearly income and duty days. There are 200 duty days in the season (if he plays next year) for 2014. He spent 7 out the of the 200 duty days working in New Jersey. That's why it's 7/200 times his yearly salary times the income tax rate and not just his bonus for playing the game. Every state does that.
 
If you read the article carefully, you'll see that headline implication is deceptive.
 
So where's your outrage for Hillary/Obama over Benghazi?

Oh, never mind.

Congrats on finding a way to incorporate Benghazi into the Super Bowl and New Jersey tax code. Gotta love the old Benghazi argument, especially when talking about the economy. Next you should incorporate Obamacare into foreign policy talk.
 
So? You pay taxes where you reside and you also are suppose to pay taxes in states you made income.

Based on the math there's nothing wrong with it. It's based on his yearly income and duty days. There are 200 duty days in the season (if he plays next year) for 2014. He spent 7 out the of the 200 duty days working in New Jersey. That's why it's 7/200 times his yearly salary times the income tax rate and not just his bonus for playing the game. Every state does that.

You have to pretend he didn't make any other money in the state for it to make sense.
 
No, didn't say that. I'm just saying I'm not getting outraged by this, because no one is dying from this.

So, before you speak out against stupid tax laws, someone has to DIE? :lamo

Just...WOW!!
 
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While this is an exaggeration of the taxes Manning has to pay, the idea that he has to pay anything to a state he doesn't live in is ludicrous and should be illegal.

He's earning income in that state, though.
 
Another smooth move by Christie.
Typical liberal. It's OK to steal more than 100 percent of his income since he already has a lot of money.
Wonder what the waterfront payoff was to the NFL for bringing this game to the state of the MOB .
 
So? You pay taxes where you reside and you also are suppose to pay taxes in states you made income.

Based on the math there's nothing wrong with it. It's based on his yearly income and duty days. There are 200 duty days in the season (if he plays next year) for 2014. He spent 7 out the of the 200 duty days working in New Jersey. That's why it's 7/200 times his yearly salary times the income tax rate and not just his bonus for playing the game. Every state does that.

New Jersey is paying him nothing. No one in New Jersey is paying him. The Denver Broncos pay him (and the NFL provides bonuses for playoffs).

So a travelling salesperson should have to pay income taxes in every state they do business in? Of course they don't.

For the record, Texas has no state income taxes, so it doesn't cost an NFL player a dime to play in a Super Bowl in Houston or Dallas.

This is nothing more than a money-grab from a perpetually debt-ridden state. Funny how the states with the highest taxes are in the worst financial state.
 
New Jersey is paying him nothing. No one in New Jersey is paying him. The Denver Broncos pay him (and the NFL provides bonuses for playoffs).

So a travelling salesperson should have to pay income taxes in every state they do business in? Of course they don't.

For the record, Texas has no state income taxes, so it doesn't cost an NFL player a dime to play in a Super Bowl in Houston or Dallas.

This is nothing more than a money-grab from a perpetually debt-ridden state. Funny how the states with the highest taxes are in the worst financial state.

i have to travel for work i don't pay taxes in all the places that i go to because i am not there long enough i am longer than 7 days, but this is a special jock tax that NJ has.
stupid if you ask me.
 
New Jersey is paying him nothing. No one in New Jersey is paying him. The Denver Broncos pay him (and the NFL provides bonuses for playoffs).

So a travelling salesperson should have to pay income taxes in every state they do business in? Of course they don't.

For the record, Texas has no state income taxes, so it doesn't cost an NFL player a dime to play in a Super Bowl in Houston or Dallas.

This is nothing more than a money-grab from a perpetually debt-ridden state. Funny how the states with the highest taxes are in the worst financial state.

And those NFL bonuses are being paid for work done in NJ. And they aren't 100%, that's just a stupid accounting trick Forbes tried to pull over on you.
 
Typical liberal. It's OK to steal more than 100 percent of his income since he already has a lot of money.
Manning has only $46k in income?

Nah.

From the site in the OP:

Manning is due $15 million next season, which would push his 2014 earnings to $15,157,000 or $15,111,000, and bump him into Jersey’s highest 8.97% tax bracket. Luckily, his duty day ratio would go from 7/33 to 7/200, without regard to the Broncos’ game at MetLife Stadium against the Jets next season.​

I thought your post sounded out of whack.
 
While this is an exaggeration of the taxes Manning has to pay, the idea that he has to pay anything to a state he doesn't live in is ludicrous and should be illegal.

FWIW, I am a long tern Nevada resident. In 1998 I bought what was to be a vacation home in Rio Nido (near Santa Rosa). After all was said and done, I talked myself out of it and sold the house. I had to file a CA return and pay taxes on the $15K profit I made.

Not saying if it's right or wrong but it seems that you are liable for income earned in other states. My state has no tax so I don't know how that might have affected anything. Would both states have wanted taxes? Would the tax paid to one have credited the other? IDK.
 
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