If you’re single and in the highest tax bracket it’s 12.3%. So (hypothetically) if USC offered 3 million and UT offered 2 million he’d still be making significantly more (631,000 more) at USC
My humble opinion. Fans having the opinion that they would rather have Freeman than Ament is going to be looked back on as amazing humor one day. Especially because he was more prepared thanks to playing 1 season of D2 basketball.![]()
Correct. California taxes are higher for sure, but not quite as bad as they are made out to be. I’d say 95% of people don’t fully understand how tax brackets work.Presumably he’d be taxed less than that.
Without looking I’m confident it’s a progressive tax meaning the 12.3% would only apply on income earned over a certain figure etc…
So I’d assume he is likely only paying like $250k in California taxes
They're called the "Legions of the Miserable" for a reasonSeriously. A consensus Top 3-5, expected one and done lottery pick who also happens to come from a family of humble, hard-working very moral people or a guy who had to go D2 out of HS, portal after a year and chooses Bruce Pearl over Rick Barnes because of "possibly having to compete for a starting spot". And people prefer the second guy? Funny
Anything over $1.4 m is taxed at the highest rate of 12.3% in California.Presumably he’d be taxed less than that.
Without looking I’m confident it’s a progressive tax meaning the 12.3% would only apply on income earned over a certain figure etc…
So I’d assume he is likely only paying like $250k in California taxes
I have standards, Bat.
Thank you for that, I’m certainly not an accountant, but I live in a no state tax state (Texas) and I don’t think people realize that unless you’re making 10’s of millions a year it’s really not a big deal.Presumably he’d be taxed less than that.
Without looking I’m confident it’s a progressive tax meaning the 12.3% would only apply on income earned over a certain figure etc…
So I’d assume he is likely only paying like $250k in California taxes
Anything over $1.4 m is taxed at the highest rate of 12.3% in California.
It’s the luxury tax on the yacht that will take him down.Right. Only his income over the $1.4m is taxed at that rate. His income under that is taxed at lower rates per bracket. Which I presume that’s what you are saying and you understand.
I did the math it’s closer to $300k he’d owe. Big savings if he got married though. (Or maybe he is already. Who knows)
If he shot 48% from the 3, then he should have been the first pickup... Do whatever is necessary to get this kid... we're building the other pieces, it would be awesome to pick up a 3 sniper...Any news on potential visitors this week? I’d love for us to land Chaikin. 48% from 3 with multiple years left to play would be huge for us.