Florida texas may attract athletes after tax law change

Teams in Texas, Florida, Nevada and Washington state may have become more attractive destinations for free agents following the enactment of tax law changes. That has a huge impact for athletes with seven- and eight-figure salaries. That is down from For baseball, the AL West becomes the most attractive for tax status. That means a player on one of those teams would play 99 or of games in states with no tax. Rangers President of Baseball Operations Jon Daniels calls the tax advantage "more of kind of a side benefit than a feature.

Some have been more focused on the sticker prices, especially agents that are paid on the gross," he said. I think when it's pushed too heavily it can be a turnoff. Agents will also seek tax-equalization language in the event of a trade. Knowing the Marlins have frequently sold off stars, Dee Gordon, Wei-Yin Chen and Christian Yelich had tax equalization provisions as part of their multiyear contracts with Miami. California has the highest state tax ina New York has a top tax rate of 8.

That wipes out the entire savings of the federal rate cut. A player who maintains an offseason residence in Florida or one of the other states with no tax — Alaska, South Dakota and Wyoming are in that group — would benefit by having more of his money paid in a signing bonus rather than salary that is attributable to a specific game.

Under the new law, union dues and agent commissions are no longer deductible. An agency employee said players had called at the behest of their financial advisers asking if they could pre-pay commissions before Dec. The employee spoke to The Associated Press on condition of anonymity because he was not authorized to make public statements. Owners and management feared a provision in the original version approved by the House of Representatives, which would have prohibited the use of tax-free municipal bonds for stadium financing.

That was dropped from the final legislation. Continue Reading Below.That has a huge impact for athletes with seven- and eight-figure salaries.

florida texas may attract athletes after tax law change

Geography, family comforts, playing time and winning remain the most important factors for many. But the teams in states with a higher percentage of take-home pay make their advantage known. That is down from For baseball, the AL West becomes the most attractive for tax status.

That means a player on one of those teams would play 99 or of games in states with no tax. Deals in all four major North American leagues are evaluated for their tax implications. Already complex, negotiations could become even more nuanced. Agents will also seek tax-equalization language in the event of a trade. Knowing the Marlins have frequently sold off stars, Dee Gordon, Wei-Yin Chen and Christian Yelich had tax equalization provisions as part of their multiyear contracts with Miami.

California has the highest state tax ina New York has a top tax rate of 8. That wipes out the entire savings of the federal rate cut.

A player who maintains an offseason residence in Florida or one of the other states with no tax — Alaska, South Dakota and Wyoming are in that group — would benefit by having more of his money paid in a signing bonus rather than salary that is attributable to a specific game.

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Under the new law, union dues and agent commissions are no longer deductible. An agency employee said players had called at the behest of their financial advisers asking if they could pre-pay commissions before Dec. The employee spoke to The Associated Press on condition of anonymity because he was not authorized to make public statements. Owners and management feared a provision in the original version approved by the House of Representatives, which would have prohibited the use of tax-free municipal bonds for stadium financing.

Texas, Florida May Attract Athletes After Tax Law Change

That was dropped from the final legislation. Florida, Texas may attract athletes after tax law change.

florida texas may attract athletes after tax law change

Big league teams in Texas, Florida, Nevada and Washington state may have become more attractive destinations for free agents following the enactment of tax law changes. Connect with the definitive source for global and local news.

The Associated Press. All rights reserved.That has a huge impact for athletes with seven- and eight-figure salaries. That is down from For baseball, the AL West becomes the most attractive for tax status.

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That means a player on one of those teams would play 99 or of games in states with no tax. Agents will also seek tax-equalization language in the event of a trade. Knowing the Marlins have frequently sold off stars, Dee Gordon, Wei-Yin Chen and Christian Yelich had tax equalization provisions as part of their multiyear contracts with Miami.

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California has the highest state tax ina New York has a top tax rate of 8. That wipes out the entire savings of the federal rate cut.

A player who maintains an offseason residence in Florida or one of the other states with no tax - Alaska, South Dakota and Wyoming are in that group - would benefit by having more of his money paid in a signing bonus rather than salary that is attributable to a specific game. Under the new law, union dues and agent commissions are no longer deductible. An agency employee said players had called at the behest of their financial advisers asking if they could pre-pay commissions before Dec.

The employee spoke to The Associated Press on condition of anonymity because he was not authorized to make public statements. Owners and management feared a provision in the original version approved by the House of Representatives, which would have prohibited the use of tax-free municipal bonds for stadium financing.

That was dropped from the final legislation. Manage Newsletters. Click to Read More and View Comments. Click to Hide. May Cheryl K. Happening Now. Donald Trump. Joe Biden. Joseph R. Electoral College.

White House. Home Sports Baseball Florida, Texas may attract athletes after tax law change. Sign up for Daily Newsletters Manage Newsletters. Please read our comment policy before commenting.That has a huge impact for athletes with seven- and eight-figure salaries.

That is down from For baseball, the AL West becomes the most attractive for tax status. That means a player on one of those teams would play 99 or of games in states with no tax. Agents will also seek tax-equalization language in the event of a trade. Knowing the Marlins have frequently sold off stars, Dee Gordon, Wei-Yin Chen and Christian Yelich had tax equalization provisions as part of their multiyear contracts with Miami. California has the highest state tax ina New York has a top tax rate of 8.

That wipes out the entire savings of the federal rate cut. A player who maintains an offseason residence in Florida or one of the other states with no tax — Alaska, South Dakota and Wyoming are in that group — would benefit by having more of his money paid in a signing bonus rather than salary that is attributable to a specific game. Under the new law, union dues and agent commissions are no longer deductible.

An agency employee said players had called at the behest of their financial advisers asking if they could pre-pay commissions before Dec. The employee spoke to The Associated Press on condition of anonymity because he was not authorized to make public statements. Owners and management feared a provision in the original version approved by the House of Representatives, which would have prohibited the use of tax-free municipal bonds for stadium financing.

florida texas may attract athletes after tax law change

That was dropped from the final legislation. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed. Katie Johnston reports. More Chilly Weather Any way you slice it, it's cold today.

Florida, Texas may attract athletes after tax law change

Bundle up! The teenager was killed. DFW Weather. Many trees live well past years and some easily get to years old, growing the entire time. Geography, family comforts, playing time and winning remain the most important factors for many. But the teams in states with a higher percentage of take-home pay make their advantage known. Already complex, negotiations could become even more nuanced.That has a huge impact for athletes with seven- and eight-figure salaries.

Geography, family comforts, playing time and winning remain the most important factors for many. But the teams in states with a higher percentage of take-home pay make their advantage known.

That is down from For baseball, the AL West becomes the most attractive for tax status. That means a player on one of those teams would play 99 or of games in states with no tax.

Rangers President of Baseball Operations Jon Daniels calls the tax advantage ''more of kind of a side benefit than a feature. Some have been more focused on the sticker prices, especially agents that are paid on the gross,'' he said. I think when it's pushed too heavily it can be a turnoff. Deals in all four major North American leagues are evaluated for their tax implications. Money doesn't always dictate the decision, according to Boras and others. Already complex, negotiations could become even more nuanced.

Agents will also seek tax-equalization language in the event of a trade.

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Knowing the Marlins have frequently sold off stars, Dee Gordon, Wei-Yin Chen and Christian Yelich had tax equalization provisions as part of their multiyear contracts with Miami.

California has the highest state tax ina New York has a top tax rate of 8.

florida texas may attract athletes after tax law change

That wipes out the entire savings of the federal rate cut. A player who maintains an offseason residence in Florida or one of the other states with no tax - Alaska, South Dakota and Wyoming are in that group - would benefit by having more of his money paid in a signing bonus rather than salary that is attributable to a specific game.

Under the new law, union dues and agent commissions are no longer deductible. An agency employee said players had called at the behest of their financial advisers asking if they could pre-pay commissions before Dec.This copy is for your personal non-commercial use only. That has a huge impact for athletes with seven- and eight-figure salaries.

Geography, family comforts, playing time and winning remain the most important factors for many. But the teams in states with a higher percentage of take-home pay make their advantage known. That is down from For baseball, the AL West becomes the most attractive for tax status.

That means a player on one of those teams would play 99 or of games in states with no tax. Deals in all four major North American leagues are evaluated for their tax implications.

What the passing of the U. Analysis Trump gets his first big legislative victory. It could still end up a political defeat. Agents will also seek tax-equalization language in the event of a trade. Knowing the Marlins have frequently sold off stars, Dee Gordon, Wei-Yin Chen and Christian Yelich had tax equalization provisions as part of their multi-year contracts with Miami.

California has the highest state tax ina New York has a top tax rate of 8. That wipes out the entire savings of the federal rate cut. A player who maintains an off-season residence in Florida or one of the other states with no tax — Alaska, South Dakota and Wyoming are in that group — would benefit by having more of his money paid in a signing bonus rather than salary that is attributable to a specific game.

Under the new law, union dues and agent commissions are no longer deductible. An agency employee said players had called at the behest of their financial advisers asking if they could prepay commissions before Dec. The employee spoke to The Associated Press on condition of anonymity because he was not authorized to make public statements. Owners and management feared a provision in the original version approved by the House of Representatives, which would have prohibited the use of tax-free municipal bonds for stadium financing.

That was dropped from the final legislation. Copyright owned or licensed by Toronto Star Newspapers Limited. All rights reserved. To order copies of Toronto Star articles, please go to: www.

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