LeBron to lose millions to California's income taxes.
Jul 3, 2018 09:54:26 #
gvarner
Loc: Central Oregon Coast
PhotoPhred wrote:
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.
It's human nature. We are so fascinated by our ability to fantasize and place ourselves in virtual reality and to have our heroes that we even pay for it. A film can make 100's of millions of dollars to indulge our fantasies. Why not sports heroes? They are well compensated for the physical torment they dedicate themselves to in order to entertain us. I don't begrudge them their income.
Jul 3, 2018 10:09:12 #
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.
LOL!
Jul 3, 2018 10:10:09 #
CA_CanonUser wrote:
Isn't greed (on the part of both Lebron and California) a wonderful thing??!! My comment is sarcasm by the way.
Greed???
He took 70 million less dollars and will pay more taxes to go to Cali.
Jul 3, 2018 10:47:46 #
He is paid big bucks due to the money he and his image will generate for others through advertising, clothing sales, ticket sales and anything with his name or photo on it. He is a product adults AND children will pay for with and purchase any trinket or food product that is connected to him. Primarily men and boys will be the easy targets. It is all sales & marketing. He is just a well paid marketing tool/pawn. It doesn't need to be a person, sometimes a marketing tool can simply be words like --- "Where's the beef?" or "I'll be back", "Go ahead punk, make my day", "Go for it!". It is all about the money. It has nothing to do with his skill, or sports at all. Just my two cents.
Jul 3, 2018 10:49:34 #
I never liked basketball and stopped watching most sports except for college football. As far as I’m concerned, they are all overpaid
Jul 3, 2018 11:37:35 #
Jul 3, 2018 13:00:42 #
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.
BFD, who cares.
Jul 3, 2018 14:17:23 #
FrankR
Loc: NYC
The NBA guarantees a league average of 15 players on each roster. The average salary for NBA players is $6.39 million. Multiplied by 15, that's $89.46 million. How much is ownership making if they can pay that kind of average salary?
Jul 3, 2018 14:22:41 #
Jul 3, 2018 16:08:59 #
PhotoPhred wrote:
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.
Pro athletes (and actors, for that matter) get the big bucks because they put butts in the seats and sell a lot of products. They are just getting a cut of income they generate. Compare that to CEOs, who often get paid a fortune even if their companies aren't very profitable. They can leave companies they have run into to ground with golden parachutes.
Jul 3, 2018 17:47:54 #
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.
To bad, so sad.... my heart bleeds for him... NOT!
Jul 3, 2018 19:27:21 #
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.
We should start a fund to help the “poor”guy get by.
Jul 3, 2018 20:51:45 #
granbob
Loc: SW Wisc; E Iowa; W Illinois
jccash wrote:
Poor boy... Labron will earn $105,000.00 a day.
And to think I would have been content to just win the Publishers Clearing House $1,000/day for life. I stopped being a professional sports fan years ago when baseball went on strike and it was revealed the average player earned
over $1,000,000/year.
Jul 3, 2018 23:15:06 #
I wish I had to pay a million dollars a year or more in taxes.
Jul 3, 2018 23:46:57 #
He's going to need gardeners and maids for his gated estate and he can save a few bucks in Calif.
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