AK back in the NBA. Where?

Moderators: Inigo Montoya, FJS

Narf
Head Coach
Posts: 6,550
And1: 882
Joined: Sep 05, 2009

Re: AK back in the NBA. Where? 

Post#41 » by Narf » Fri Jul 27, 2012 9:26 pm

State + federal + payroll taxes
I didn't do the calculations so you might be right. 35% income tax + 7.85% state taxes on what's left = about 40% total taxes on the top tax bracket.

Edit
So why don't I do the calculations.
4 million euros adjusted to net dollars = $4,924,000
Divided by 0.6 = $8.2 million per year.
Yep, not $9 mil ;)

The big difference is Euros are paid after taxes, NBA players are paid before taxes
User avatar
countrybama24
Rookie
Posts: 1,182
And1: 25
Joined: Jan 05, 2010

Re: AK back in the NBA. Where? 

Post#42 » by countrybama24 » Fri Jul 27, 2012 10:56 pm

Narf wrote:State + federal + payroll taxes
I didn't do the calculations so you might be right. 35% income tax + 7.85% state taxes on what's left = about 40% total taxes on the top tax bracket.

Edit
So why don't I do the calculations.
4 million euros adjusted to net dollars = $4,924,000
Divided by 0.6 = $8.2 million per year.
Yep, not $9 mil ;)

The big difference is Euros are paid after taxes, NBA players are paid before taxes


Touché. F*ckin Obama.
User avatar
The59Sound
Head Coach
Posts: 6,363
And1: 917
Joined: Jul 01, 2010
   

Re: AK back in the NBA. Where? 

Post#43 » by The59Sound » Fri Jul 27, 2012 11:17 pm

Taxes under Obama are at their lowest rates in 30 years.
User avatar
countrybama24
Rookie
Posts: 1,182
And1: 25
Joined: Jan 05, 2010

Re: AK back in the NBA. Where? 

Post#44 » by countrybama24 » Fri Jul 27, 2012 11:24 pm

I was hoping someone would pick up the sarcasm without the green font. I've found it quite amusing to blame everything on Obama recently. Like I had to go to wake up for work this morning, thanks a lot Obummer!
User avatar
The59Sound
Head Coach
Posts: 6,363
And1: 917
Joined: Jul 01, 2010
   

Re: AK back in the NBA. Where? 

Post#45 » by The59Sound » Fri Jul 27, 2012 11:28 pm

countrybama24 wrote:I was hoping someone would pick up the sarcasm without the green font. I've found it quite amusing to blame everything on Obama recently. Like I had to go to wake up for work this morning, thanks a lot Obummer!


It's getting bad out there for me to have assumed your remark was sincere. :)
Narf
Head Coach
Posts: 6,550
And1: 882
Joined: Sep 05, 2009

Re: AK back in the NBA. Where? 

Post#46 » by Narf » Sat Jul 28, 2012 1:27 am

No worries mate, I got it.
And let's face it, it's still Bush's fault.

Return to Utah Jazz