Smart Financial Move Dewayne +“$123,000”

Posted: July 13, 2016 in AVC Men's BB 2016-17, AVC Tournament, California Politics, Professionals
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We have been following AVC’s Dewayne Dedmon who plays in the NBA.  He was a hot property this year and two teams were especially interested in signing him to a contract;  Golden State Warriors(Cali) and the San Antonio Spurs(Texas).  Lets presume that both teams offered Dewayne a two year contract for $6,000,000 like the one he signed with the Spurs.  Do you think the tax rate difference between the two states has any impact on Dedmon’s decision where he will play the next two years?  $123,000 gift?  Cali loves to take your money!

STATE TAX
RATE
STATE
TAX PAID
California 10.3% $618,000
Texas 8.25% $495,000
TOTAL $123,000

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