LeBron to lose millions to California's income taxes.
High wage earners in CA pay 9.3% in income taxes. Those earning over a million dollars pay a surcharge of 1% after 1 million dollars. LeBron will pay about 15 million dollars in income tax to California over the next four years. That's on top of a statewide 7.5% sales tax.
My heart goes out to him...………..
Bummer, dude. I can hear the violin music in the background.
--Bob
SteveR wrote:
High wage earners in CA pay 9.3% in income taxes. Those earning over a million dollars pay a surcharge of 1% after 1 million dollars. LeBron will pay about 15 million dollars in income tax to California over the next four years. That's on top of a statewide 7.5% sales tax.
Then there are Federal taxes....He can afford it....
rmalarz wrote:
Bummer, dude. I can hear the violin music in the background.
--Bob
sb
Loc: Florida's East Coast
Oh my God! Should we tell him???? How heartbroken he will be to learn what a terrible mistake he is making!
Obviously he is thinking about life after the NBA. He will be the "king of LA" when he retires, and will have dozens of opportunities to continue a rich and famous life.
SteveR wrote:
High wage earners in CA pay 9.3% in income taxes. Those earning over a million dollars pay a surcharge of 1% after 1 million dollars. LeBron will pay about 15 million dollars in income tax to California over the next four years. That's on top of a statewide 7.5% sales tax.
Poor boy... Labron will earn $105,000.00 a day.
They all make to much money.
Maybe we should start a go fund me to make for the poor guy's losses.. Somebody else gas go first though
Isn't greed (on the part of both Lebron and California) a wonderful thing??!! My comment is sarcasm by the way.
SteveR wrote:
High wage earners in CA pay 9.3% in income taxes. Those earning over a million dollars pay a surcharge of 1% after 1 million dollars. LeBron will pay about 15 million dollars in income tax to California over the next four years. That's on top of a statewide 7.5% sales tax.
He can always look into California's many assistance programs.
I also heard Whoopie Goldberg complaining about have to pay so much in taxes. It's tough being rich.
eagle80 wrote:
They all make to much money.
But he can throw a ball through a hoop! Isn't that worth millions?
jerryc41 wrote:
He can always look into California's many assistance programs.
I also heard Whoopie Goldberg complaining about have to pay so much in taxes. It's tough being rich.
I do not hear her complaining about getting money on welfare though...
I think it's ridiculous what these guys get paid, not just B-ball, all professional athletes. When Police and teachers, and a whole host of other people, health care workers have to work 2 jobs just live above the poverty level. I think he should pay 90% and he would still be a millionaire.
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