California says “Welcome Super Bowl! Welcome NFL players! Please hand over your earnings prior to leaving” [Darleen Click]
California takes the approach to state income taxes the way the Feds tax businesses. If you do any business in California, earn any income in this state, you will be taxed based on your entire yearly earnings.
Remember when Peyton Manning paid New Jersey nearly $47,000 in taxes two years ago on his Super Bowl earnings of $46,000? Manning has nothing on the state taxes facing Carolina Panthers quarterback Cam Newton for Super Bowl 50 in Santa Clara, Calif. Newton is looking at a tax bill more than twice as much, which will swallow up his entire Super Bowl paycheck, win or lose, thanks to California’s tops-in-the-nation tax rate of 13.3%.
Before we get into the numbers, let’s do a quick review of the jock tax rules applied to professional athletes (similar tax rules apply to anyone doing business across state lines, but they are rarely enforced). States tax a player based on their calendar-year income. They apply a duty day calculation which takes the ratio of duty days within the state over total duty days for the year. That ratio is then multiplied by the player’s salary to arrive at a state’s allocable income. […]
Skip ahead two years and now Manning is back in the Super Bowl against the highly-talented and highly-compensated Cam Newton, who signed a five-year, $103.8 million contract extension in June. Newton has already earned $58,800 so far this year for week 17 of the 2015 season and $71,000 in playoff bonuses. Newton is due a $10 million signing bonus and $13 million in base salary for the 2016 season, which he will receive the full amount during the regular season. Luckily, week 17 next season will occur on New Year’s Day 2017, thus shielding about $765,000 from California’s grasp.
If the Panthers win the Super Bowl, Newton will earn another $102,000 in playoff bonuses, but if they lose he will only net another $51,000. The Panthers will have about 206 total duty days during 2016, including the playoffs, preseason, regular season and organized team activities (OTAs), which Newton must attend or lose $500,000. Seven of those duty days will be in California for the Super Bowl and another four will be in the Golden State for road games against St. Louis Los Angeles and Oakland next season. […]
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.
“Sarah, meet your baby brother.”
She smiled at the small being at her side, loved him instantly, whispering to him “I’ll never let anything bad happen to you. Cross my heart!”
Sarah bravely protected him from closet monsters, later coaching him through algebra and offering him insight into the female brain (which confused him more than algebra).
Caught up in a life she refused to share, Sarah rarely called. Until tonight. From the hospital where the doors were locked and her wrists were bandaged.
He gently stroked her hair “I’ll never let anything bad happen to you. Cross my heart.”
Now, your turn.
Because if you don’t ruin the oil and coal industries, how ever are you going to both reward your Greenies and curb the independence of your
President Barack Obama will propose a $10 per barrel charge on oil to fund clean transportation projects as part of his final budget request next week, the White House said Thursday.
The proposal — which follows the passage of a bipartisan transportation bill last year — would have difficulty clearing the Republican-controlled Congress.
Oil companies would pay the fee, which would be gradually introduced over five years. The government would use the proceeds to fund high-speed railways, autonomous cars and other travel systems, aiming to reduce emissions from the U.S. transportation system.
“By placing a fee on oil, the President’s plan creates a clear incentive for private sector innovation to reduce our reliance on oil and at the same time invests in clean energy technologies that will power our future,” the White House said in a statement.
Yes, Obama has seen our future, and it’s 1700.
As if there was any doubt that the racialist multicultural chic of ‘diversity’ was about politics not ethnicity …
With Senator Ted Cruz taking nearly 28 percent of the vote and Senator Marco Rubio getting 23 percent, each vastly surpassed the results for any other Latino candidate in any previous United States presidential contest.
How is that not being celebrated as historic or at least worth a headline for a day or two?
The answer is not that complicated: Neither Mr. Cruz nor Mr. Rubio meets conventional expectations of how Latino politicians are supposed to behave.
And this difference is most evident in our sexual natures:
This aspect of male sexuality is difficult for most women to understand. Your husband can be the most loving, attentive and kind person you know, yet his eyes may linger just a few seconds too long on the cute waitress who comes to your table. His head may swivel a few degrees too much while he stands a big straighter when a young woman in a bikini walks by as you two are walking down the beach.
And as women, this makes us feel insecure – we think there is some sort of comparison going on and we’ll be found wanting. Yet this isn’t generally true.
By the constant political drum-beat of men and women as fungible, the Left contributes to the breakdown of individual relationships, where honestly discussing our differences would help to avoid misunderstandings.
But considering the anti-family tenets of Leftism, this may be a feature, not a bug.
… but control of your cell-phone …
A New York lawmaker has proposed a bill that would ban iPhones from being sold in the state, unless Apple provides special “back doors” that would allow law enforcement to spy on users.
That’s a double dose of the Nanny State: setting rules for what can be bought and sold, while giving the government an easier way to spy on residents’ everyday activities.
The bill is sponsored by State Assemblyman Matthew Titone, D-Staten Island, and it would mandate that iPhones and other cell phones sold in New York be “capable of being decrypted and unlocked.” The bill has support, perhaps unsurprisingly, from Manhattan District Attorney Cyrus Vance and other law enforcement groups in the state. […]
Apple’s newest iPhones come with default encryption settings and would be banned from the state by the legislation unless Apple created new software for phones sold in New York. Google has followed suit and offers data encryption as an option on some newer devices.
Those default settings help protect iPhone users from unwanted hacks — from malicious hackers, government spies or law enforcement agents.
If the bill passes, Apple would face fines of $2,500 for every device sold in New York.
The Stasi would be proud.