Jock tax pdf
The Tax Foundation is the nations leading independent tax policy research organization. Since 1937, our principled research, insightful analysis, and engaged experts have informed smarter tax policy at the federal, state, and local levels.individual income tax forms to pay the jock tax. That will not be an arduous task this year, as it has been in previous years, since the host state, Texas, does not have an income tax and therefore has no jock tax. In previous years, Tax base is federal AGI with modifications. Tax base is federal taxable income. See Table 2 for more details. jock tax pdf
The jock tax does have its limits. Earlier this year, the Cleveland, Ohio, jock tax was sacked by the Ohio Supreme Court when two retired NFL players successfully claimed that the city was disproportionately taxing visiting teams players by using a formula that gave its residents preferential treatment.
The City of St. Louis had a 1 jock tax (and the State of Missouri has a 6 jock tax). In 2009, the City of St. Louis expanded its jock tax to also directly tax 1 of the players bonuses too, effectively treating all of the bonuses as if they were earned while in the city. Note State laws are subject to change. FOUL PLAY: TENNESSEE'S UNEQUAL APPLICATION OF ITS JOCK TAX AGAINST PROFESSIONAL ATHLETES Grk Beger ABSTRACT The Framers of jock tax pdf THE EFFECTIVENESS AND FAIRNESS OF JOCK TAXES by Kate Wardrop Submitted in partial fulfillment of the requirements for Departmental Honors in Beginnings of the Jock Tax Prior to the 1990s, it was customary for athletes to only file two state tax returns.
2. In 1996, Tiger moved from California to Florida. In California the state income tax rate (for individuals earning 500, 000) is presently 12. 3 of total income. jock tax pdf The Jock Tax: An Extra Tax on Prop Athletes: When the Atlanta Falcons and the New England Patriots qualified for this years Super Bowl, players on both teams an obvious reason to celebrate their collective achievements that got them to the championship game in Houston. Just as the players of the Seattle Seahawks began to settle into their offseason routines following the 2005 season, April 17 brought an unpleasant reminder of the loss they suffered in Super BowlRating: 4.78 / Views: 854