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Posted

Ooof. I always wonder. Do the bills have to overpay bc of New York taxes. Why isn’t there an adjustment for teams for cap. Seems like a competitive advantage for teams in states w forgiving tax laws

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Posted
  On 2/25/2023 at 12:54 PM, balln said:

Ooof. I always wonder. Do the bills have to overpay bc of New York taxes. Why isn’t there an adjustment for teams for cap. Seems like a competitive advantage for teams in states w forgiving tax laws

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I don't think that is what is happening with Poyer, but the general point is one I have wondered about too. I don't know enough about the US tax system though to really understand whether it is significant.

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Posted

Poyer is done. He’s played great for us, a true warrior. 

 

But he’s an aging vet playing through multiple injuries who’s looking to get paid. I get it from his point of view, but unless he comes back on a somewhat team friendly deal I can’t see us retaining him.

 

 

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Posted
  On 2/25/2023 at 1:02 PM, GunnerBill said:

 

I don't think that is what is happening with Poyer, but the general point is one I have wondered about too. I don't know enough about the US tax system though to really understand whether it is significant.

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To keep it simple, NY state income tax is 10.9%, Florida is 0.  That's a pretty significant difference

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Posted
  On 2/25/2023 at 1:10 PM, Gunsgoodtime said:

To keep it simple, NY state income tax is 10.9%, Florida is 0.  That's a pretty significant difference

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I'm sure at this point in his career he wants to go to a team he thinks has a shot at winning it all. He played against Miami 3xs this year. Read between the lines. 

 

A Poyer on a Miami team certainly bolsters their chances to dethrone the Bills. 

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Posted
  On 2/25/2023 at 1:02 PM, GunnerBill said:

 

I don't think that is what is happening with Poyer, but the general point is one I have wondered about too. I don't know enough about the US tax system though to really understand whether it is significant.

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There are 50 different income state tax codes. They range from a top rate of zero percent in several states to 13.3% in California.  In NYS the state income tax on $10MM would 964,000.  I Florida, it would be zero.  That might make a difference in decision making. 

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Posted
  On 2/25/2023 at 1:14 PM, newcam2012 said:

I'm sure at this point in his career he wants to go to a team he thinks has a shot at winning it all. He played against Miami 3xs this year. Read between the lines. 

 

A Poyer on a Miami team certainly bolsters their chances to dethrone the Bills. 

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They was very close to doing it last year

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Posted
  On 2/25/2023 at 1:14 PM, newcam2012 said:

I'm sure at this point in his career he wants to go to a team he thinks has a shot at winning it all. He played against Miami 3xs this year. Read between the lines. 

 

A Poyer on a Miami team certainly bolsters their chances to dethrone the Bills. 

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I don't think Poyer is walking because he thinks Miami is better than Buffalo. He is walking because the Bills don't want to pay him. 

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Posted
  On 2/25/2023 at 1:15 PM, Chaos said:

There are 50 different income state tax codes. They range from a top rate of zero percent in several states to 13.3% in California.  In NYS the state income tax on $10MM would 964,000.  I Florida, it would be zero.  That might make a difference in decision making. 

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 I wonder how roster bonuses and signing bonuses get taxed by state.  If they have residence in Florida - I wonder if thats zero tax.

Posted
  On 2/25/2023 at 1:17 PM, JimBob2232 said:

 I wonder how roster bonuses and signing bonuses get taxed by state.  If they have residence in Florida - I wonder if thats zero tax.

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It is taxed based on where you earn the Money.  NYS certainly taxes the bonuses for Bills players.

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Posted
  On 2/25/2023 at 1:08 PM, RunTheBall said:

Poyer is done. He’s played great for us, a true warrior. 

 

But he’s an aging vet playing through multiple injuries who’s looking to get paid. I get it from his point of view, but unless he comes back on a somewhat team friendly deal I can’t see us retaining him.

 

 

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I agree with this. It's a shame, he put everything on the line for this team, but father time is undefeated, its a shame that team two years ago was sabotaged by it's own coaching staff with seconds left.

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Posted
  On 2/25/2023 at 1:14 PM, newcam2012 said:

I'm sure at this point in his career he wants to go to a team he thinks has a shot at winning it all. He played against Miami 3xs this year. Read between the lines. 

 

A Poyer on a Miami team certainly bolsters their chances to dethrone the Bills. 

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and Fangio is a great DC

Posted
  On 2/25/2023 at 1:22 PM, Chaos said:

It is taxed based on where you earn the Money.  NYS certainly taxes the bonuses for Bills players.

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https://www.hodgsonruss.com/media/publication/434_How States Handle Signing Bonuses for Athletes.pdf

 

This is a very interesting article.  BLUF - it appears that signing bonuses are taxed based on your residency at the time they are paid.  So an athlete with residence in florida will not pay tax on a signing bonus.   Interesting....they even use a NY example in this article with court cases to support it. 

 

Intresting.  Im sure NFL players, teams and their agents and CPAs are all over the legalities of htis.

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Posted
  On 2/25/2023 at 1:15 PM, Chaos said:

There are 50 different income state tax codes. They range from a top rate of zero percent in several states to 13.3% in California.  In NYS the state income tax on $10MM would 964,000.  I Florida, it would be zero.  That might make a difference in decision making. 

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This would be true only if rich people didn’t have tax professionals on their payroll who know how to exploit the code to where they pay less tax than an E-1 in the military.  No I’m not kidding.  My active duty Navy cousin paid $1,300 to the federal government and $600 to the state.  

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Posted
  On 2/25/2023 at 1:47 PM, TheWeatherMan said:

This would be true only if rich people didn’t have tax professionals on their payroll who know how to exploit the code to where they pay less tax than an E-1 in the military.  No I’m not kidding.  My active duty Navy cousin paid $1,300 to the federal government and $600 to the state.  

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I’m not sure I understand. Do you think your cousin paid a lot? Or a little? 

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