Income and Investments The Taxing Life of a Pro Athlete Read the Article Open Share Drawer Share this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Pinterest (Opens in new window)Click to print (Opens in new window) Written by Published Dec 9, 2011 - [Updated Dec 12, 2011] 0 min read While most pro athletes probably don’t sign their contracts based on how much of their salaries would be taxed by individual states, it may cross their minds. Let’s take a look at how individual states may tax income of a pro athlete. [tt_share_code url=”http://blog-turbotax-intuit-com-develop.go-vip.co/wp-content/uploads/2011/12/110927-turbotax-taxing-life-of-a-pro-athlete.png” width=”620″ height=”2922″ title=”pro athlete taxes” alt=”pro athlete taxes”] Previous Post What is an IRS 1099 Form? (Definition & Form Differences) Next Post A Complete Guide to Tax Loss Harvesting Written by More from 9 responses to “The Taxing Life of a Pro Athlete” The Redskins don’t play in Washington State… Reply Just a small clarification, a Washington Redskins football player plays in DC, not WA, and therefore has an 8.5% tax (rather than 0). Reply The Redskins are associated with Washington DC, where there’s an 8.5% state income tax, NOT in Washington state where there is none. They play in Maryland, which has a 5.5% state income tax. Reply The Washington Redskins play in the state of Maryland, not in the state of Washington. They would owe Maryland taxes. Reply Colorado an Wyoming are switched in the map. Reply This article states that the Washington Redskins owe no taxes in Washington state. This is only true for one main reason: they are not based in Washington State. Having grown up in the Washington, DC Metropolitan area, I can assure the writer of this article that the Washington they refer to is Washington, DC…unless there are two NFL Redskins teams… Reply Since when did Colorado and Wyoming move? Reply I’m not an American but when I went to sleep last night Wyoming was below Montana. Reply Since when does NH have a state income tax? Reply Leave a ReplyCancel reply Browse Related Articles Crypto Understanding Crypto and Capital Gains Work 7 Things You Need to Know About the New Business Report… Work Using Form 8829 to Write-Off Business Use of Your Home Tax Tips Roth 403(b) vs. Roth IRA: Which Should You Invest In? Life Interest Rates, Inflation, and Your Taxes Investments Essential Tax Tips for Maximizing Investment Gains Uncategorized TurboTax is Partnering with Saweetie to Elevate Hoop Dr… Business Small Business Owners: Optimize Your Taxes with a Mid-Y… Small Business The Benefits of Employing Your Children and the Tax Bre… Income and Investments Are Olympics Winnings Taxed?
Just a small clarification, a Washington Redskins football player plays in DC, not WA, and therefore has an 8.5% tax (rather than 0). Reply
The Redskins are associated with Washington DC, where there’s an 8.5% state income tax, NOT in Washington state where there is none. They play in Maryland, which has a 5.5% state income tax. Reply
The Washington Redskins play in the state of Maryland, not in the state of Washington. They would owe Maryland taxes. Reply
This article states that the Washington Redskins owe no taxes in Washington state. This is only true for one main reason: they are not based in Washington State. Having grown up in the Washington, DC Metropolitan area, I can assure the writer of this article that the Washington they refer to is Washington, DC…unless there are two NFL Redskins teams… Reply