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originally posted by: OccamsRazor04
a reply to: gottaknow
Commercials were really crappy this year. I found last year's better.
originally posted by: ketsuko
a reply to: ReadLeader
www.forbes.com...
Here you go. Basically, even if he wins, Cam Newton will be almost completely underwater on taxes to California.
ftw.usatoday.com...
Win on Sunday, and Newton will pay California a total of $159,560 in taxes in 2016. Lose, and he will pay $159,200, based on an income reduction of $51,000.
It continues:
The result: Newton will pay California 99.6% of his Super Bowl earnings if the Panthers win. Losing means his effective tax rate will be a whopping 198.8%. Oh yeah, he will also pay the IRS 40.5% on his earnings.
Now, you can argue that Cam certainly makes more than his teammates, but this is just talking about the static team bonuses every player gets just for playing in the game. But the only way that his teammates get much relief is if they make little enough to squeak into a lower bracket.
originally posted by: buster2010
originally posted by: ketsuko
a reply to: ReadLeader
www.forbes.com...
Here you go. Basically, even if he wins, Cam Newton will be almost completely underwater on taxes to California.
ftw.usatoday.com...
Win on Sunday, and Newton will pay California a total of $159,560 in taxes in 2016. Lose, and he will pay $159,200, based on an income reduction of $51,000.
It continues:
The result: Newton will pay California 99.6% of his Super Bowl earnings if the Panthers win. Losing means his effective tax rate will be a whopping 198.8%. Oh yeah, he will also pay the IRS 40.5% on his earnings.
Now, you can argue that Cam certainly makes more than his teammates, but this is just talking about the static team bonuses every player gets just for playing in the game. But the only way that his teammates get much relief is if they make little enough to squeak into a lower bracket.
He wouldn't be underwater if the deadbeat paid his bills. He makes over 20 million a year and has a problem paying over a hundred grand in taxes. Cry me a river.