Nico to UCLA?

[DaddyChad]

UCLA SCORED >20 in only 2 games last year. lol

But but high powered offense with many weapons….

 

[dduncan4163]

I’d venture to say that team nico had blown right thru the vast majority of that $$$.

Stupid is as stupid does.

 

[LWSVOL]

I’d venture to say that team nico had blown right thru the vast majority of that $$$.

Stupid is as stupid does.

quite possible

 

[volfannga]

he walked away from Tennessee with 6 million so he isn't hurting....

Only if daddy and his football friend did not spend it already. That's more than most people make in a lifetime so your comment should be spot on.

 

[tbh]

Natural Born Samoans are exempt from Taxes.....

That said...the young'un slid out in Long Beach, CA.

 

[claimjumper steve]

Wish him nothing but the worst.

I'm tired of hearing stories about the pajama fairy!

 

[Smokymtnbullet]

So we get Aguilar by default

 

[DirtyDawg]

I'd pay money to see Daddy Nic's face after taxes on that first LA paycheck.

Is it possible for him to claim residency elsewhere than the LA area and escape the LA taxes? Just curious, I’ve no knowledge of this but it would make sense that an NIL group paying him might be able to find some way to help him escape those high taxes. Although, he is California resident anyway right?

As said, I’ve no knowledge on how this situation works bc I’ve never made anywhere close to this type of money in 1year, but in my experience big money usually finds a way to mitigate financial loss through taxes.

 

[Vol1976]

Thanks for the correction. Long day for this old man.

S'ok

 

[Bigorangefaninga]

Is it possible for him to claim residency elsewhere than the LA area and escape the LA taxes? Just curious, I’ve no knowledge of this but it would make sense that an NIL group paying him might be able to find some way to help him escape those high taxes. Although, he is California resident anyway right?

As said, I’ve no knowledge on how this situation works bc I’ve never made anywhere close to this type of money in 1year, but in my experience big money usually finds a way to mitigate financial loss through taxes.

He can possibly do what Dodgers have done and see if they can defer his money and at that point when it is paid live in a more conducive state with taxes. That’s one reason Ohtani did what he did. Once he actually gets his money he will prob be far away from Cali

 

[NATHAN05]

Bruh.

Lol......common put down amongst Gen X kids. Generally said after a friend did something dumb and eats the ground, commonly associated with riding bikes, running through the woods, or playing other games that today would be outlawed by helicopter karens.

 

[Vol1976]

But this is not the case for American Samoans. As US nationals, they are not subject to worldwide taxation while living in American Samoa, or anywhere else.

Sure, if an American Samoan as a US national lives in, say, California, he or she will pay all the applicable federal and state taxes, just like any other US resident.

However, if they leave the United States, they stop being subject to IRS jurisdiction altogether. That means US nationals (who are not citizens) can have a tax-free and reporting-free life if they move to one of the many countries with no income tax, or a territorial tax.

And again, that’s a critical distinction from US citizens, who remain under Uncle Sam’s tax jurisdiction no matter where they live. This Unique Loophole Exempts 100,000 Americans from Taxes | Schiff Sovereign.

The money is Nico's, not Daddy's. The question would be, "where is Nico's official residency, and what are California's laws?" Nico was born in Cali, as someone else pointed out. And some states tax whatever money you earn or receive within their borders whether you are a citizen or not. I think you're talking federal income tax here. Not state.

 

[Vol1976]

That said...the young'un slid out in Long Beach, CA.

You are right! Thanks for the info!

 

[NCFisher]

The money is Nico's, not Daddy's. The question would be, "where is Nico's official residency, and what are California's laws?" Some states tax whatever money you earn or receive within their borders whether you are a citizen or not. I think you're talking federal income tax here. Not state.

I know; mine replied to the claim that Samoans, natural born or not, are simply exempt from taxes regardless of where they live.

 

[VolGirl81]

He was the best available player in the portal.

Oh I get that but best is not always what you get!

 

[OrangeInKy]

Lol......common put down amongst Gen X kids. Generally said after a friend did something dumb and eats the ground, commonly associated with riding bikes, running through the woods, or playing other games that today would be outlawed by helicopter karens.

I remember “smoothe move Ex Lax”

 

[OrangeVolMan]

First, they are not going to defer any of the money to avoid taxes. His family needs the money to live on. The money is earned in California and he will be living there. He’s going to have to CA state taxes.

 

[NATHAN05]

I remember “smoothe move Ex Lax”

Lol.......actually that sounds more on point. What a great era to grow up in.

 

[vols1071]

Hope it works out for Nico... I think the majority of his whole career even choosing Tennessee wasn't his choice... Hope he works out and it goes to where toilet water goes for his dad and "team"

 

[Hulavol]

They are in the big ten now I believe. Some pretty decent teams there.

Ohio State will break his helmet.

 

[n_huffhines]

Good luck to Nico. Kid got some bad advice. Life lessons learned. Hopefully, his Dad learned something, too.

 

[Matt2496]

 

[B81]

Just for fun, i looked up the ucla head coaches salary. He is set to make 3 mill plus a few incentives. I doubt nico gets more.

 

[DaddyChad]

Good luck to Nico. Kid got some bad advice. Life lessons learned. Hopefully, his Dad learned something, too.

you’re giving daddy too much credit. I doubt he has the self awareness to realize he screwed up nor the intelligence to correct course.

 

[Vol4LIFE85]

So when they planning on calling home and begging for forgiveness to come back?