Do you dream of one day earning big sums of money? Perhaps
you are even envious of the salaries of people like famous actors or
professional football players. Did you ever stop to think, however, about the
amount of taxes these types of people, football players especially, have to
pay?
NFL players are some of the most taxed people in America. In
fact, they often have to pay top taxes- often as much as 50% at both the
federal and local levels. It gets worse too. A lot of these players have to pay
taxes not just to the state where their home/home team is based but also to any
states in which they’ve played a game throughout the year. This means filing
lots of different and complicated tax returns and basically makes for a pretty
darn miserable tax season.
Some NFL players have it worse than others too. For example,
those who play for one of California’s teams have to pay the highest
state-level tax thanks to the state’s harsh tax code. Regardless of where a
team is based, though, its members are going to have to pay a lot in taxes,
which is one of the few downsides to being an NFL star.
Really, though, it all evens out in the end. Of course, if
you’re making millions, you’re going to have a higher tax bill. That’s just the
way it goes. And, really, at the end of the day, wouldn’t you gladly pay high
taxes for a millionaire paycheck and NFL fame? Yeah, we thought so!