Jock tax: Competing in multiple states means more complex filings. The state of California apparently makes $100 million in taxes from visiting athletes. Typically I’m not to sympathetic about the tax burden of multi-millionaires, but this gets pretty ridiculous. I guess everyone wants to get a piece of the A-Rod deal. (source: TrueHoop)
Hey Steve –
That’s pretty interesting. We deal with a lot of tax issues in the consulting world, working in various cities, which keeps our tax audit department pretty busy. I had no idea this applied to athletes, too.