This became a widespread rule because of Michael Jordan. Professional athletes have seen their contracts rise to record highs in recent years. But they’re…
Michael Jordan and the 1991 Chicago Bulls are the reason why pro athletes must pay taxes in every state they play. Michael Jordan is one of the most influential basketball players of all time, as he became one of the most famous athletes of all time during his time with the Chicago Bulls.
Jason Feingertz is a Tax attorney Hunton Anderson Kurth. Jason represents clients in tax planning, audit defense, and tax litigation in various industries. Jason also advises clients on federal income tax issues in mergers and acquisitions, including tax-free reorganizations.
get to $111,000. there is a special tax on athletes. it s called the jock tax. jock tax? i didn t want to get into this. why? i know how you feel about taxes. it also effects those who work in other states for example bolder and fresher venues. that s why we don t do jersey venues. we did in atlantic city let me get this straight. i m not an athlete. if an athlete comes to jersey and makes money in a game. they have to pay 9% extra on top of all the other? absolutely. it all started years ago with michael jordan california beat the lakers. tax charge michael jordan taxes. for coming on in there. coming in and ripping the lakers. peyton manning if he wins the game could pay more in taxes to jersey theoretical