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The Jake Long Thread. [Update] Signing w/ Rams

Discussion in 'Miami Dolphins Forum' started by dgb11112, Mar 13, 2013.

  1. Fin D

    Fin D Sigh

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    Effing Peter King.

    I sent him an email once, the first year he decided to start vilifying the 72 Dolphins champagne toast. I asked why he felates the Pats by touting their team first attitude and how they weren't flashy, blah blah, blah, bullsh|t, bullsh|t, bullsh|t, then turns around and blasts the only team that was so team first they went undefeated and so not flashy their defense was called the no-names.....and he didn't respond. Boston pu$$y.
     
    DPlus47, Justright, TiP54 and 4 others like this.
  2. Sumlit

    Sumlit Well-Known Member

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    Didn't Peter King say the best move of last season was the Jets signing Tony Sparano as Offensive Coordinator?? I think it was him.

    Pretty much the end of the road as far as your credibility is concerned, when you say something like that.
     
  3. CANDolphan

    CANDolphan Well-Known Member

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    He'd pay income tax for all game checks not just home
     
  4. MrClean

    MrClean Inglourious Basterd Club Member

    I've not seen any negative comments here about Jackie tweeting.
     
  5. mommabilly

    mommabilly No riders allowed

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    You may be right. Now that I think of it I grew up in New Jersey and was a teamster. Our barn was in Jersey but we had a lot of guys that worked for us that lived in Brooklyn. You are right, they still had to pay NY State and City taxes every week even though they worked in Jersey. Thats even more he would save then by staying in Miami. Or maybe they took that into account and their offer was a tad more to cover the taxes. At this point who knows.

    I just pray he does not do that thing with the hats on the table like the new recruits do now on national letter of intent day. That has turned into a side show act on LOI day now.
     
  6. mommabilly

    mommabilly No riders allowed

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    I do not know why anyone would knock a players wife LOL that is plain ignorant. Then again Rams fans have been beaten down for years and like rabid zombie people or the walking dead.
     
    ToddPhin likes this.
  7. I thought I read that players had to pay state taxes to each state they play in on sundays.
     
  8. rafael

    rafael Well-Known Member

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    They do, but if you play your home games in a state with no state income tax that's 8 games you pay no state tax on.
     
  9. maynard

    maynard Who, whom?

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    Re: The Jake Long Thread. [Update] Flying Back to Miami

    Right. The same principle is what allowed some players to claim work related injury benefits from the state of California regardless of the team they played for so long as they played games in CA.

    Sent from my Nexus 4 using Tapatalk 2
     
  10. CANDolphan

    CANDolphan Well-Known Member

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    What now? Guys come on. You dont base your taxes on where the acts occur. I'll post the tax code when I'm back home. You pay based on state of residence.
     
  11. Phins_Fan_87

    Phins_Fan_87 Phins and Heat fan Club Member

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    I know 100% that in NBA you pay taxes based on where the game was played. Don't see why it would be different in the NFL
     
  12. CANDolphan

    CANDolphan Well-Known Member

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    Workers comp is entirely different than income tax. Perhaps there is a loop or exception I'm unaware of as I don't deal with personal income tax
     
  13. dolfan22

    dolfan22 Season Ticket Holder Club Member

    The taxes of professional athletes became incredibly complicated in the early 1990s, when aggressive state and local tax collectors began targeting them to pay non-resident income taxes. Technically, all employees who earn money for work done outside their home states have to pay non-resident taxes, but enforcement has focused on millionaire athletes with publicized work schedules to the extent is is commonly called the "jock tax." Although ballplayers can't get out of the state and local taxes they pay while on the road, where they play their home games can make a huge difference. California takes 13.3 percent on income above $1 million, but states like Florida, Nevada and Texas are among seven that take nothing.

    Read more: http://www.foxnews.com/sports/2013/...ating-to-tax-friendlier-states/#ixzz2Nr8Yiuvj
     
  14. CANDolphan

    CANDolphan Well-Known Member

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    I'll have to search the code today
     
  15. mommabilly

    mommabilly No riders allowed

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    10 games, 2 preseason.
     
  16. MrClean

    MrClean Inglourious Basterd Club Member

    Did you have fun at the wedding last night Billy?
     
  17. Desides

    Desides Well-Known Member

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    You aren't grasping the difference between state and federal taxes.

    Florida does not have an income tax. Therefore, for the 8 games Jake Long would play in Florida, he pays no income tax to the state of Florida. He still pays income tax to the federal government. When he goes to play in New Jersey, he pays NJ's income tax for that one game in addition to the federal income tax.

    Therefore, even if the contract offers are exactly the same, Jake takes home more money playing in FL than he does in MO, since MO has an income tax in the bracket that Jake's game check lands in.
     
    Section126 likes this.
  18. Frumundah Finnatic

    Frumundah Finnatic U Mad Miami?

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    Don't forget that Accela trains are God's greatest gift to mankind.
     
    Section126 likes this.
  19. Lloyd Heilbrunn

    Lloyd Heilbrunn Season Ticket Holder Club Member

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    Way to go out on a limb Peter....:huh:
     
  20. WhiteIbanez

    WhiteIbanez Megamediocremaniacal

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    I have to laugh at Jake Long's suitors regardless where he signs.
    Thought all along he would test the market and come back.
    Slow feet and all.
     
  21. CANDolphan

    CANDolphan Well-Known Member

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    I had to stop here and laugh. I'm an attorney who specializes in corporate litigation. I've handled a tax code interpretation as well as a short form merger just this past year. I can promise you that I grasp the difference here.

    Your understanding of state income tax at the personal level is incorrect with regard to the situation at hand here. Now, you file two returns (your resident return and your non-resident return) but that's only if you work in a different state. You're right about that. That's typically if you live in one state but work in another (live in NJ, work in NY. Live in Maryland, work in DC. Etc etc)

    As I said, there might be a separate inclusion for football players/organizations, but it's the same thing as if you were being paid by... let's say FPL. FPL is contracted out to other states quite often. If you were to go to Georgia or Tennessee or Virginia for an extended job site, let's say 3 months... do you really think you'd be subject to state taxes for those 3 months?

    The answer is you wouldn't. Your employer would likely be taxed at that rate (and subsequently thanks to lax Florida tax code would get a massive credit for not only being a business but also outsourcing to another state) but you wouldn't. You'd get your check the same you always have.

    As stated already, and I looked it up after it being linked, there's a special thing in place for professional athletes alone. It's explained here.

    http://www.alpern.com/tax-professional-athletes?print=1

    As it says, generally, as with the default tax code, the player would be required to pay tax (or not pay tax, depending how you look at it) only based on his home team location. There must be a way the NFL is set up and delivers it's payouts that makes this so.

    I mean, the NFL *is* a not for profit organization (I bet most people didn't know that) so I'm curious how they have it set up. I never went the agent route but I have a few colleagues who have - I'll ask them tomorrow.
     
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  22. Desides

    Desides Well-Known Member

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    I have no reason to doubt anything you've written here, and I'm sure that you're correct. (I'll ignore the sarcasm at the beginning.)

    However.

    The structure I've written about, where a player's game check is subject to taxation on whatever state the game is played in, is pretty well documented. That's how it works. The player's game check is subject to all applicable federal taxes (FICA, etc), and then the player also owes that particular state whatever taxes the state normally collects on income. This structure is one of the few reasons through which agents justify their existence; they take care of all this accounting for the player. Therefore, a $10 million offer from a team in Florida and a team in New York are not the same offer; the player will take home more money by taking the $10 million contract offer from the Florida team, since Florida has no state income tax.

    Whether or not the player is smart enough to realize this, and whether or not the agent cares (since the agent gets a percentage of the entire contract), are other stories altogether.
     
  23. CANDolphan

    CANDolphan Well-Known Member

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    I think I went too in depth while you're assuming I'm just not seeing the broad picture. You're discussing an interesting tax exception that is far from the norm, I promise you.

    To say I understand the basic fundamentals of federal vs state income tax is... a bit of an understatement at best. I'm not really sure what you're arguing here, as we're saying the same thing at this point.

    I even pointed out "Yes, turns out there is a special exception, specifically for professional athletes, here it is" and linked to it.

    Also - What sarcasm are you talking about? There was nothing sarcastic in my post- beginning. middle or end.
     
  24. emocomputerjock

    emocomputerjock Senior Member

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    Thats what I call 40% legit-ish guesswork.
     

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