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While "jock taxes" date to the 1960s, states started aggressively taxing the income of non-resident athletes in 1991, [1] when California imposed the tax on the earnings of Chicago Bulls players who traveled to Los Angeles to play the Lakers in that year's NBA Finals.
While an NFL player's income guarantees a certain level of financial security, there's at least one day of the year that they don't get to enjoy: tax day.
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At 7.25%, California has the highest minimum statewide sales tax rate in the United States, [8] which can total up to 10.75% with local sales taxes included. [9]Sales and use taxes in California (state and local) are collected by the California Department of Tax and Fee Administration, whereas income and franchise taxes are collected by the Franchise Tax Board.
Median household income and taxes State Tax Burdens 2022 % of income. State tax levels indicate both the tax burden and the services a state can afford to provide residents. States use a different combination of sales, income, excise taxes, and user fees. Some are levied directly from residents and others are levied indirectly.
The United States tax code is anything but simple.The instructions for the standard 1040 tax form alone are more than 100 pages long, and good luck getting through them in one sitting.
Taxation in California (1 C, 28 P) G. ... Jock tax; M. McCulloch v. ... State income tax; State tax levels in the United States; T. Tax Increment Reinvestment Zone ...