0 Members and 2 Guests are viewing this topic.
DC MD and VA have a compact, same with NJ CT and NY. Absent an agreement, you pay state taxes in the state you work https://www.tax.virginia.gov/reciprocity
Just did a quick googleThe deferred money (assuming paid after playing days) isn't treated like working income. More like a signing bonus compared to player salary. So that deferred money is only taxed by the state you live. Not by the state the team is from. And not by states you played games in.It's also not exactly guaranteed. If the team went bankrupt for example, you are SoL
ARTICLE XVI—Deferred CompensationThere shall be no limitations on either the amount of deferred compensation or the percentage of total compensation attributable to deferredcompensation for which a Uniform Player’s Contract may provide.Deferred compensation obligations incurred in a Contract executedafter December 31, 1985 but before September 30, 2002 must be fullyfunded by the Club, in an amount equal to the present value of the totaldeferred compensation obligation, on or before the third January 1 following the championship season in which the deferred compensationis earned. Deferred compensation obligations incurred in a Contractexecuted on or after September 30, 2002 must be fully funded by the81Club, in an amount equal to the present value of the total deferred compensation obligation, on or before the second July 1 following thechampionship season in which the deferred compensation is earned.For purposes of this Article XVI, full funding of the present value ofdeferred compensation obligations shall mean that the Club must havefunded, for the duration of and without interruption in each year, thecurrent present value of the then outstanding deferred payments, discounted by 5% annually. If the prime interest rate in effect at The J.P.Morgan Chase Bank on the immediately preceding November 1 is 7%or higher, the Parties shall meet and confer regarding this Article XVIdiscount rate and may, with due notice to the Clubs, amend such discount rate effective the next succeeding July 1
Who is exempt?Virginia Residents who:Work in the District of Columbia, but do not establish residency in Washington, D.C are exempt from taxation there. These Virginia residents will pay income taxes to Virginia. This applies to individual income tax only, not to the District of Columbia Unincorporated Business Franchise Tax.
I live in VA and work in DC, but do not pay DC income taxes, just VA. I'd imagine the same is true for a Texan. As for a "jock tax," that's some other tax rule that would control and not the basic income tax rule.
do you see texas listed there?
We're talking about Virginia and DC
If the report that Rendon might prefer a higher AAV shorter term deal is true, would you give him, say, 3/125 or a 4/150 with a couple player options instead of a 7/210?
What possible compensation we get from other team signing Rendon?
I think a pick after Competitive Balance Round B, which is a bit more than we got for losing Harper.We pick 22nd next year overall.
For a luxury tax team it's after the fourth round. https://www.mlb.com/news/mlb-qualifying-offer-rules-explained-c259650658
Ah, so there is no "You lost Alfonso Soriano, but you get this prospect named Jordan Zimmermann" reward. Great.
I hope Mark has a napkin inside an envelope ready for Tony.
If all this doesn't make Anthony want to give a little in term or take some deferred money, then I don't much care if he walks. Good for him if he wants to roll in his money playing meaningless baseball for the Rangers for 10 years.
Mark Lerner needs to make a drunk on excitement offer tonight and stick by it tomorrow.
Takes a man to do that. 8 years later I’m still married to her.
Lerner's comments today were not encouraging. "It's up to him now."
We're all gonna miss Ant'ny......other than the 1 or 2 here that has an issue with him grinnin' too much, of course...
