Tax Calculation

Wizenheimer
RealGM
Posts: 35,489
And1: 7,328
Joined: May 28, 2007

Tax Calculation 

Post#1 » by Wizenheimer » Wed Jul 19, 2017 3:56 am

I apologize if this has been asked and answered before...

but I've read in different places that under the new CBA the luxury tax calculation has been changed and will be based upon the total salary a team pays during the season, not just their payroll snapshot at the end of the regular season

if that bad information? Has the calculation remained the same?

thanks
DBoys
Starter
Posts: 2,094
And1: 221
Joined: Aug 22, 2010

Re: Tax Calculation 

Post#2 » by DBoys » Wed Jul 19, 2017 4:50 am

I haven't seen info of such an adjustment being made to the calculation of Team Salary for tax calculation. (Could have missed it, but don't think I did, and don't see it in my notes.)

You may be thinking of the revised calculation of Team Salary for the purpose of meeting minimum Team Salary, which will be adjusted in the fashion you mention.
DoItALL9
Lead Assistant
Posts: 5,682
And1: 1,272
Joined: Oct 08, 2016
       

Re: Tax Calculation 

Post#3 » by DoItALL9 » Mon Jul 24, 2017 5:41 am

Thanks for throwing that last tidbit in there. Good to know
Breeze_56
Ballboy
Posts: 11
And1: 3
Joined: Oct 02, 2017
 

Re: Tax Calculation 

Post#4 » by Breeze_56 » Sat Oct 7, 2017 9:37 pm

DBoys wrote:You may be thinking of the revised calculation of Team Salary for the purpose of meeting minimum Team Salary, which will be adjusted in the fashion you mention.


Reference? I was unaware of this change,
Smitty731
Retired Mod
Retired Mod
Posts: 21,364
And1: 24,662
Joined: Feb 09, 2014
       

Re: Tax Calculation 

Post#5 » by Smitty731 » Sun Oct 8, 2017 12:24 am

Breeze_56 wrote:
DBoys wrote:You may be thinking of the revised calculation of Team Salary for the purpose of meeting minimum Team Salary, which will be adjusted in the fashion you mention.


Reference? I was unaware of this change,


http://www.cbafaq.com/salarycap.htm#Q14

This lays out the way it works under the new CBA.

Return to CBA & Business