Quote:I thought about posting a new thread about State Tax ramifications concerning Alex Mack.


I am not starting a discussion on taxes, if you have strong beliefs on taxes, post in the Sideline. Not here!


 

A casual look shows that in Ohio he may be responsible for:


 

5.92%      State Tax


1.00%      Cleveland


2.25%      Township


1.25%       County/Local


 

This is an average figure based on locations where high income individuals might choose to live.


There is another set of education, property and associated taxes that are more location specific.


 

After speaking with an Enrolled Agent I know in Shaker Heights with first hand knowledge of


NFL Player exposure to taxes, she states that the Jaguars are playing with a 15% advantage over


Cleveland on taxes, fees and additional levy's.


 

That and the fact Mack would prefer to play elsewhere and has an agent who is extremely creative in packaging a deal


to make his client happy would all be advantages to the Jaguars. Her family are legacy ticket holders and she loathes us. Good.


 

SO, by the Jags being patient and seeing what the market would bring, knowing that their intended acquisition would like to move and having
an additional 15% or so to play with while packaging an offer to the total disadvantage of the Browns, with help of his agent is all good. 
I would not care to sit across the poker table with Dave.


 

 Go Jags


 

HeadSlap

 

 

The difference of 15% by an enrolled agent is far from correct, and very misleading.

 

Players pay state taxes in every state they play a game in that collect state taxes. There are four NFL states that do not collect state taxes. Florida, Tennessee, Texas, and Washington. The Jaguar players do benefit by playing both the Texans, and the Titans. When they play the Colts, they pay their portion of the state taxes, and have to file just like any other citizen.

 

Some of the taxes used to approach the 15% in this calculation are also tied to property taxes, which may also vary per being a primary, or secondary resident (or more).

 

All NFL players pay federal taxes, at which point they deduct the state, and local taxes assessed by the states they played in. The NFL players also are able to deduct any other cost of doing business in the state they worked in. I am fairly certain that per diem is adjusted per local cost of living, which is not taxed. Per diem is quite a low amount, and most likely not considered. If Mack plays for Cleveland, he will deduct his state taxes, as well as the taxes of all of the other states he “works” in from his federal tax obligation.

 

I am no tax expert, but I did stay at a holiday inn on business, to which I deducted those cost from my federal taxes.

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