Teams playing in Super Bowl XLVIII will have to pay what is called a jock tax. Essentially it’s a commuter tax for doing work, in this case playing the game, in New Jersey.
If Manning continues to play for the Broncos, New Jersey would tax his income for next year — even though he hasn’t earned it yet.
“If Manning is able to play next season, his New Jersey income tax would be $46,989 on $92,000 for winning the Super Bowl, or 51.08%. If they lose and he is able to play in 2014, he will pay New Jersey $46,844 on his $46,000, which amounts to a 101.83% tax on his actual Super Bowl earnings in the state—and this does not even consider federal taxes!,” Packard writes.
Another reason why I'd never move anywhere near that sh**hole... f***in thieves.
Who's making money off the Super Bowl? Apparently not the players. I'll admit that the endorsements are key for specific players and it starts with the Quarterbacks. There's money to be made but having to fork over more cash than the NFL pays to a player in the big dance in the form of taxes is absurd.
I can explain it to you but I can't understand it for you.
"Any man who thinks he can be happy and prosperous by letting the Government take care of him; better take a closer look at the American Indian." - Henry Ford
Corruptissima re publica plurimae leges; When the Republic is at its most corrupt the laws are most numerous. - Publius Cornelius Tacitus
