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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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.