Soak the Rich

[Rudeboyelvis]

The most shocking thing about this story, if I've interpreted it correctly, is that Peyton Manning lives in New Jersey.

[randallscott35]

Originally Posted by Rudeboyelvis

The most shocking thing about this story, if I've interpreted it correctly, is that Peyton Manning lives in New Jersey.

He does not. You have to pay taxes for each game you play in any given state.

[Rudeboyelvis]

Lovely.

[casp0555]

Originally Posted by randallscott35

He does not. You have to pay taxes for each game you play in any given state.

If they have state taxes....right?

[randallscott35]

Originally Posted by casp0555

If they have state taxes....right?

Yes, for instance, Miles who I know, has to file in every state the Cowboys have a road game and file federal from Texas. The 8 game checks he gets from TX where they don't have a state income tax don't have that taken out.

[randallscott35]

All based on where the events are played.

[dellinger63]

The seven states with no income tax Alaska, Florida, Nevada, South Dakota, Texas, Washington and Wyoming when ranked by fiscal condition among all states come in at 1,6,31,2,20,23 and 5 for an average of 12.5

Conversely the seven states including DC since it's taxed as a state, with the highest income tax rates, California, New Jersey, Iowa, DC, NY, VT and Oregon (all above 8%) come in at 46,50,18,49,39,22 and 32 for an average of 36.6

Yet politicians albeit mostly democrats call for more taxes to make things better.

http://mercatus.org/publication/stat...king-50-states

http://taxfoundation.org/blog/monday...tax-rates-2013

[randallscott35]

YES WE CAN BABY!!! Go Obama