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Tax Calculation
Posted: Wed Jul 19, 2017 3:56 am
by Wizenheimer
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
Re: Tax Calculation
Posted: Wed Jul 19, 2017 4:50 am
by DBoys
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.
Re: Tax Calculation
Posted: Mon Jul 24, 2017 5:41 am
by DoItALL9
Thanks for throwing that last tidbit in there. Good to know
Re: Tax Calculation
Posted: Sat Oct 7, 2017 9:37 pm
by Breeze_56
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,
Re: Tax Calculation
Posted: Sun Oct 8, 2017 12:24 am
by Smitty731
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#Q14This lays out the way it works under the new CBA.