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Super bowl bonus for players 2016

To determine what Newton will pay California on his Super Bowl winnings alone, we will ignore the four 2016 season duty days and pretend they are being played elsewhere.
Newton is due a 13 million base salary for the 2016 season plus 7 million, which is the deferred part of his.5 million signing bonus from last year's contract.
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The actual figure is 20 million.Seven of those duty days will be in California for the Super Bowl and another four will be in the Golden State for road games against.DAAs AppChoices app here.To avoid personalized advertising based on your mobile app activity, you can install the.Either way, Californias tax man will be dabbing right along with him all the way to the bank.Manning has nothing on the state taxes facing Carolina Panthers quarterback Cam Newton for Super Bowl 50 in Santa Clara, Calif.By clicking continue below and using our sites or applications, you agree that we and our third party advertisers can: transfer your personal data to the United States or other countries, and process your personal data to serve you with personalized ads, subject to your.You can find much more information about your privacy choices in our privacy policy.Luckily, week 17 next season will occur on New Years Day 2017, thus shielding about 765,000 from Californias grasp.Oh yeah, he will also pay the IRS.5 on his earnings.You always have the choice to experience our sites without personalized advertising based on your web browsing activity by visiting the.
In 2014, Manning would have paid New Jersey a 51 rate on his 92,000 earned had the Denver Broncos won Super Bowl.
States tax a player based on their calendar-year income.

If the Panthers win the Super Bowl, Newton will earn another 102,000 in playoff bonuses, but slot machine games for android mobile if they lose he will only net another 51,000.Before we get into the numbers, lets do a quick review of the jock tax rules applied to professional athletes (similar tax rules apply to anyone doing business across state lines, but they are rarely enforced).EU Data Subject Requests.Newton oxo one arm bandit is looking at a tax bill more than twice as much, which will swallow up his entire Super Bowl paycheck, win or lose, thanks to Californias tops-in-the-nation tax rate.3.He can be reached at and on Twitter at @AthleteTax.Lose, and he will pay 137,900 based on an income reduction of 51,000.A previous version of this story was based on Newton's 2016 earnings of 23 million.