2014 off season releases/re-signings updates

[themuzzer]

How's that work when the player pays taxes......Does he pay under Michigan law or where the player lives and resides at the time of signing?

 

[themuzzer]

It's no fun paying taxes in Michigan, just another reason I moved south.

 

[Gulf of Brazil]

Players have to pay state taxes for every state they play in that has a state income tax, on a game check basis. States that do not have a State Income Tax are; Alaska, Florida, New Hampshire, Nevada, South Dakota, Texas, Tennessee, Washington, Wyoming. I believe there is one more but I cannot recall off hand. It is not based on state residency.

 

[Dr. Evil-er]

Since the top 51(or maybe 52 now) contracts are all that counts against the cap whenever we sign a player a player at the bottom of the list is displaced. Nate and Caraun both signed contracts worth $420,000 the miniumum salary that increases our cap number is $535,075(Sam Martin) at the moment. Signing bonuses become dead money the moment the player is signed though, so that's the only part of there contract that is a cap hit.

How did this post add any value or say anything different than what I said? While you may think you know the cap well there are posters who read this board for help in understanding where we are.

When you make a couple of posts saying that the Lions have signed three of their draft picks and the cap hit totals less than $140k you are going to confuse the heck out of some guys.

 

[Dr. Evil-er]

Players have to pay state taxes for every state they play in that has a state income tax, on a game check basis. States that do not have a State Income Tax are; Alaska, Florida, New Hampshire, Nevada, South Dakota, Texas, Tennessee, Washington, Wyoming. I believe there is one more but I cannot recall off hand. It is not based on state residency.

Are you serious? That's a legit question. I am absolutely wrecked right now

 

[Stomp]

How did this post add any value or say anything different than what I said? While you may think you know the cap well there are posters who read this board for help in understanding where we are.

When you make a couple of posts saying that the Lions have signed three of their draft picks and the cap hit totals less than $140k you are going to confuse the heck out of some guys.

If they or you are confused maybe they should do a small amount of research to find out how the cap works heres a good read for you Explaining the NFL Rookie Pool and its Impact on the Salary Cap - Over the Cap

 

[Gulf of Brazil]

Are you serious? That's a legit question. I am absolutely wrecked right now

yes sir, they do have to pay a state income tax for each and every state they play in so long as that state does in fact have such.

 

[Microwahevo]

Players have to pay state taxes for every state they play in that has a state income tax, on a game check basis. States that do not have a State Income Tax are; Alaska, Florida, New Hampshire, Nevada, South Dakota, Texas, Tennessee, Washington, Wyoming. I believe there is one more but I cannot recall off hand. It is not based on state residency.

Yep, there was a 30 For 30 that discussed this a couple years ago. It was about how's of many athletes become broke. One of the biggest issues is that their taxes become so screwed up bc they don't file correctly bc of this very reason.

 

[Dr. Evil-er]

If they or you are confused maybe they should do a small amount of research to find out how the cap works heres a good read for you Explaining the NFL Rookie Pool and its Impact on the Salary Cap - Over the Cap

Listen Professor Dickweed, I understand the cap quite well but your posts are completing misleading. But if that makes you happy so be it.

Knock yourself out if you want to spend two pages explaining how 51 contracts count now, 53 for the season plus the practice squad, how the amortized signing bonuses of the higher picks will push off the bottom deals right now but how things change again once the salaries are added back when the final roster is set, etc, etc.

Or you could take the approach to simply let people know who was signed and at what amounts without adding a technically correct cap amount for this stage of the offseason but otherwise completely misleading.

 

[Dr. Evil-er]

yes sir, they do have to pay a state income tax for each and every state they play in so long as that state does in fact have such.

Well, another drink for me is on the way. And since my clock says it's 4:20......

 

[gandydancer]

yes sir, they do have to pay a state income tax for each and every state they play in so long as that state does in fact have such.

So are you saying if you play for Dolphins you don't pay state tax for a home game, but do if they travel to Detroit to play a road game?

Seems rather fucked up for a baseball player to file 8 different state returns???

 

[Gulf of Brazil]

^^^ yep... what he said..thanx micro for the confirmation

 

[Gulf of Brazil]

So are you saying if you play for Dolphins you don't pay state tax for a home game, but do if they travel to Detroit to play a road game?

Seems rather fucked up for a baseball player to file 8 different state returns???

It's all sports Gandy.. Think about the damn NHL... Canada taxes too. Just like a US citizen playing for Toronto but lives in the US... Double Whammy, my friend. That's why a lot of these players get screwed by their own omission in not comprehending the complexity of the tax laws


Baseball players pay more than 8 individual state income tax returns with inter-league and all. That is why you want to play for a Home Team In Washington state, Tennessee, Florida or Tejas.

 

[Gulf of Brazil]

Well, another drink for me is on the way. And since my clock says it's 4:20......

It's always 5 o'clock somewhere, DR.Evil... sooooo

 

[Stomp]

Listen Professor Dickweed, I understand the cap quite well but your posts are completing misleading. But if that makes you happy so be it.

Knock yourself out if you want to spend two pages explaining how 51 contracts count now, 53 for the season plus the practice squad, how the amortized signing bonuses of the higher picks will push off the bottom deals right now but how things change again once the salaries are added back when the final roster is set, etc, etc.

Or you could take the approach to simply let people know who was signed and at what amounts without adding a technically correct cap amount for this stage of the offseason but otherwise completely misleading.

Right now we have 53 players making at least $535,000 so if any of these players(Webster, Freese, and Reid) make the final roster(likely all drafted rookies will) they will actually free up some cap space $115,000-$170,000 per player. If you understood the cap as well as you think you do I doubt you'd be arguing this. Again $420,000 is there salary not the cap hit.

 

[Gulf of Brazil]

^^^ Just think of living/playing in the states of New York or Cali making more than 100k and your state income tax rate izzzzzzzzzzzz..... wait for it.... 13%....gents

 

[gandydancer]

Yep, there was a 30 For 30 that discussed this a couple years ago. It was about how's of many athletes become broke. One of the biggest issues is that their taxes become so screwed up bc they don't file correctly bc of this very reason.

This is bullshit I work in Texas about 6 months a year. I should only pay state tax for the other six months.

 

[Gulf of Brazil]

This is bullshit I work in Texas about 6 months a year. I should only pay state tax for the other six months.

Gandy, unfortunately, you were prolly hired while serving residency in another state. It's not fair but those are common practice laws of the goode ole IRS.


Say if you lived in Texas but worked in Minnesota and the company was based out of Texas, then you wouldn't be paying taxes for another state unless you had verifiable proof of residency in Minnesota for at least 6 months, also known as, half non-resident


it sucks but those are the laws. I've been doing taxes in multiple states since a teenager. that's many many years ago. Construction man, sometimes it sucks.

 

[Rollingthndr]

^^^ Just think of living/playing in the states of New York or Cali making more than 100k and your state income tax rate izzzzzzzzzzzz..... wait for it.... 13%....gents

Definitely the best part about living in Nevada. No state taxes. I remember Michigan having a ton of taxes so they could feed all the welfare babies.

 

[gandydancer]

Gandy, unfortunately, you were prolly hired while serving residency in another state. It's not fair but those are common practice laws of the goode ole IRS.


Say if you lived in Texas but worked in Minnesota and the company was based out of Texas, then you wouldn't be paying taxes for another state unless you had verifiable proof of residency in Minnesota for at least 6 months, also known as, half non-resident


it sucks but those are the laws. I've been doing taxes in multiple states since a teenager. that's many many years ago. Construction man, sometimes it sucks.

Nevermind thought about it a little harder. Then I would file 4-5 other returns. It is funny I have not worked a day in Iowa for 4 yrs. but them fuckers get my money every year.