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That 13.3% California income tax would seem to be somewhat of a drawback to attracting players residing in no-tax states such as Texas or Florida, and even some low-tax states. I'm guessing that was bumped up recently, and the California teams can overpay to compensate, but that might be a problem over the long run.
but that might be a problem over the long run.
At one point several years ago I did the math on his after-tax contract value, and IIRC he took the LAA deal for around $2M/yr more than what STL was offering. It'll be mega-ironic if he ends up with less take-home money than he would have had staying in STL because of tax rate changes.
I've often felt that teams in salary cap sports (NBA, especially) should have caps or indivifual contracts adjusted to remove the state tax issue.
have to pay 2.5K for each other their first three games
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