OFFICIAL AROUND THE NBA: OCTOBER 2023

Discussion in 'Portland Trail Blazers' started by SlyPokerDog, Sep 22, 2023.

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  1. Whyachi

    Whyachi Well-Known Member

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    Embiid ??
     
    Whyachi, Oct 5, 2023
    #41
  2. OneSport3

    OneSport3 The Knowledge Hoarder

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    #deepbreathfams
     
    OneSport3, Oct 5, 2023
    #42
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  3. Eastoff

    Eastoff But it was a beginning.

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    That doesn't make sense to me. You pay taxes based on where you play your games.
     
    Eastoff, Oct 5, 2023
    #43
  4. wizenheimer

    wizenheimer Well-Known Member

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    well, for instance, if you use Dame as an example. Has about 210M left on his contract. If he gets half of that in a not-tax state like Miami, he's only on the hook for Federal taxes. But Wisconsin's income tax rate for max earners in 7.6%, or around 760K per 10M. So Dame will pay over 8M more in state taxes in Wisconsin than he would have in Florida

    Dame's endorsement income is estimated to be in the 16-20M/ year range. If you assume 70M for 4 years in Wisconsin, there's another 5.3M he's paying to Wisconsin he' wouldn't pay to Florida

    total of around 13M more in Wisconsin. Not, I don't know about tax credits and other offsets he might get, But 12-13M dollars is kind of significant
     
    wizenheimer, Oct 5, 2023
    #44
  5. PtldPlatypus

    PtldPlatypus Let's go Baby Blazers! Staff Member Global Moderator Moderator

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    IIRC, if you live in an income tax state and work in a non-income tax state, you still end up paying tax on that income. People who live in OR and work in WA...confirm?
     
    PtldPlatypus, Oct 5, 2023
    #45
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  6. blazerfan11

    blazerfan11 Well-Known Member

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    Somebody would have to explain why the small market team in Texas has done the best
     
    blazerfan11, Oct 5, 2023
    #46
  7. Phatguysrule

    Phatguysrule Well-Known Member

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    Tax incentive, draft luck, and superior management.

    No Texas team is really a small market. Texas has 1.5 times the population of New York.
     
    Phatguysrule, Oct 5, 2023
    #47
  8. wizenheimer

    wizenheimer Well-Known Member

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    upload_2023-10-5_15-54-25.png

    https://huddleup.substack.com/p/why-athletes-pay-taxes-in-every-state

    and I'm pretty sure there is a federal law preventing double taxation. I'm not sure if this is part of the anti-trust exemption or not

    you know who gets screwed? Phoenix Suns players. Arizona has a 2.5 tax rate. California has a top rate of 13.3%. And since all 4 of Phoenix's division rivals are in California, that means they have 8 games/year in California; essentially 10% of their total games are taxed at that rate....ouch!
     
    wizenheimer, Oct 5, 2023
    #48
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  9. wizenheimer

    wizenheimer Well-Known Member

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    because they performed, by far, the most successful tank-job in NBA history
     
    wizenheimer, Oct 5, 2023
    #49
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  10. maxiep

    maxiep RIP Dr. Jack

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    I think he means "in deeper s***" than last year.
     
    maxiep, Oct 5, 2023
    #50
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  11. maxiep

    maxiep RIP Dr. Jack

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    I always thought pro franchises should have a tax adjustment pool based on base salaries. Contracts for the same amount in TOR and HOu are wildly different.
     
    maxiep, Oct 5, 2023
    #51
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  12. Mediocre Man

    Mediocre Man Mr. SportsTwo

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    I’ve thought this as well.
     
    Mediocre Man, Oct 5, 2023
    #52
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  13. PtldPlatypus

    PtldPlatypus Let's go Baby Blazers! Staff Member Global Moderator Moderator

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    Yeah, I think we all know that. That's separate from what I'm talking about. I'm talking about (for example) a Portland Trailblazer who lives in Oregon who would play (say) 5 games in Texas, and 2 more in Florida. No income tax would be levied by those states on the income for those games. On that player's Oregon state tax return, that income would be recorded as income earned in states that do not charge income tax, thus meaning that that income would also be subject to his home state's tax rate. If said player had a home in Texas and filed as a resident there instead of Oregon, he would avoid paying state income tax on those 7 games.
     
    PtldPlatypus, Oct 5, 2023
    #53
  14. wizenheimer

    wizenheimer Well-Known Member

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    ok...I see what you were getting at...you had to speak slower to me, thanks

    to answer your query...I don't know
     
    wizenheimer, Oct 5, 2023
    #54
  15. blazerfan11

    blazerfan11 Well-Known Member

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    So Sacramento is a big market too?

    I disagree. San Antonio and Sacramento are one-horse-town small markets. San Antonio built a football stadium and nobody showed up.

    The only reason we even care about San Antonio is because of two people: David Robinson and Tim Duncan.

    upload_2023-10-6_1-19-15.jpeg upload_2023-10-6_1-19-15.jpeg
     
    blazerfan11, Oct 6, 2023
    #55
  16. Phatguysrule

    Phatguysrule Well-Known Member

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    When Sacramento or San Antonio are good they get the support of the whole state. Those are far larger markets than Portland can tap into.

    It's not about butts in seats fior players. It's about

    It's about individual sponsorships. San Antonio is an hour from a million people in Austin. Sacramento is within 2hrs from San Jose and a million people. Not to mention other large population centers in both states.

    Both are far closer to far more people than Portland is, and those people reside within the same state. These are advantages Portland can't compete with market wise.

    But the income tax is the bigger issue.
     
    Last edited: Oct 6, 2023
    Phatguysrule, Oct 6, 2023
    #56
  17. andalusian

    andalusian Season - Restarted

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    Let me assure you that Sacramento will never get the support of the whole state of California. Between the Warriors in northern Cali and 2 teams in SoCal (who are we kidding, it's the Lakers), the Kings will always be an after-thought in the state. They are the Clippers of northern Cali. I have no idea how it works with San Antonio and Texas.
     
    andalusian, Oct 6, 2023
    #57
  18. Phatguysrule

    Phatguysrule Well-Known Member

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    They don't need the support of the whole state of California to be bigger than true small markets like Portland and Utah. Or Milwaukee.

    There is more potential there.

    However, the taxes are the bigger issue. And I didn't say Sacramento or San Antonio were large markets, I simply said that California was able to overcome the tax issue.

    They are more appealing than the true small markets because they have built in advantages that the others don't have.
     
    Phatguysrule, Oct 6, 2023
    #58
  19. andalusian

    andalusian Season - Restarted

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    This is anecdotal info but in over a decade of living in socal, even warriors gear is a rare occurrence here, including the time they were dominant, I don't think I ever noticed anyone wearing kings gear.

    The point is that being a California team doesn't seem to carry much favors for them around here. I don't think California residents have the same kind of state "pride" that Texans seem to have.
     
    andalusian, Oct 6, 2023
    #59
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  20. PtldPlatypus

    PtldPlatypus Let's go Baby Blazers! Staff Member Global Moderator Moderator

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    I've always had the impression that to Texans, all of Texas is sacred, whereas to southern Californians, the northern half of the state may as well not exist.
     
    PtldPlatypus, Oct 6, 2023
    #60
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