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Post by hangonsloopy on Jun 4, 2024 19:11:01 GMT -5
correct. Texas makes it up with their crazy property taxes, which don’t affect you if you’re renting so And they would still have to pay taxes on the other states they play in. Depending on how the games are split up, it might not make a big difference. Huh?
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Post by genisvel on Jun 4, 2024 19:14:31 GMT -5
And they would still have to pay taxes on the other states they play in. Depending on how the games are split up, it might not make a big difference. Huh? I think they are assuming that the matches that will be played outside of Texas, players will be charged taxes based on where matches are played.
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Post by n00b on Jun 4, 2024 19:43:14 GMT -5
And they would still have to pay taxes on the other states they play in. Depending on how the games are split up, it might not make a big difference. Huh? You can google 'jock tax' if you want. In theory, athletes from the Dallas team will have to pay Georgia taxes for the matches played in Atlanta. Really annoying for athletes not making 7 figures that need to file state tax returns for 6 or 7 different states.
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Post by Norah Sus on Jun 4, 2024 19:45:21 GMT -5
You can google 'jock tax' if you want. In theory, athletes from the Dallas team will have to pay Georgia taxes for the matches played in Atlanta. Really annoying for athletes not making 7 figures that need to file state tax returns for 6 or 7 different states. A nightmare to be on the administrative side, too. One of my first jobs out of college was processing payroll for the Minnesota Wild and man, what a nightmare. Some payroll softwares have their own sports-geared environments specifically to make multi-state income tax deductions easier to process.
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Post by hangonsloopy on Jun 4, 2024 19:57:09 GMT -5
You can google 'jock tax' if you want. In theory, athletes from the Dallas team will have to pay Georgia taxes for the matches played in Atlanta. Really annoying for athletes not making 7 figures that need to file state tax returns for 6 or 7 different states. I just googled it. That's insane.
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Post by bbg95 on Jun 4, 2024 21:17:25 GMT -5
I think they are assuming that the matches that will be played outside of Texas, players will be charged taxes based on where matches are played. Right. And it's not an assumption. As others have mentioned, out-of-state (and even out-of-city) taxes on pro athletes are a real thing.
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Post by badgerbyproxy on Jun 4, 2024 21:34:39 GMT -5
You can google 'jock tax' if you want. In theory, athletes from the Dallas team will have to pay Georgia taxes for the matches played in Atlanta. Really annoying for athletes not making 7 figures that need to file state tax returns for 6 or 7 different states. Like I get the reason behind it, but yikes that’s gotta be hell filing like 18 different state income taxes 😭
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Post by Norah Sus on Jun 5, 2024 3:11:39 GMT -5
You can google 'jock tax' if you want. In theory, athletes from the Dallas team will have to pay Georgia taxes for the matches played in Atlanta. Really annoying for athletes not making 7 figures that need to file state tax returns for 6 or 7 different states. Like I get the reason behind it, but yikes that’s gotta be hell filing like 18 different state income taxes 😭 Nah, just gotta pay the right service to do it for you; the athletes generally aren’t taking that upon themselves. (At least with pro hockey players - I’ve talked to several of their accountants before who needed some info and/or clarification on what was done, etc.)
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Post by vbfamily on Jun 5, 2024 3:17:21 GMT -5
Like I get the reason behind it, but yikes that’s gotta be hell filing like 18 different state income taxes 😭 Nah, just gotta pay the right service to do it for you; the athletes generally aren’t taking that upon themselves. (At least with pro hockey players - I’ve talked to several of their accountants before who needed some info and/or clarification on what was done, etc.) Yep, but for pro volleyball players making the minimum in the states...ugh....
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Post by avid 2.0 on Jun 5, 2024 15:25:13 GMT -5
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Post by avid 2.0 on Jun 5, 2024 16:12:06 GMT -5
It was interesting. (looks like he represents Hentz, Dixon, and MBH and like 10+ LOVB players)
He lives in San Diego and went to Mojo matches. but hates how PVF isnt in contact with him and wont get in contact with him (compared to LOVB, which has been upfront from the get go) basically told his clients he wouldn't advise them to go to PVF (Due to their non-athlete friendly contracts)
Other tidbits that were interesting (I didnt go through the whole convo)
not all LOVB players are on two year contracts.
AU is targeting (or has signed) quite a few LOVB players.
LOVB has a five year plan in place (mentioned PVF's were set for 2 or 3) and they may expand by 2 or 3 teams in the next season or two. (or would like to)
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Post by GoGophs on Jun 5, 2024 19:20:47 GMT -5
Under LOVB's current model, can they only expand to places that have club teams to support them?
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Post by avid 2.0 on Jun 5, 2024 19:23:10 GMT -5
Under LOVB's current model, can they only expand to places that have club teams to support them? only? no but likely? yes. it'd save them some facility costs (id assume) but i guess maybe not if they have to upgrade the facilities. but its probably in their own interest to go into cities with their club teams in them.
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Post by bbg95 on Jun 5, 2024 19:31:18 GMT -5
Under LOVB's current model, can they only expand to places that have club teams to support them? only? no but likely? yes. it'd save them some facility costs (id assume) but i guess maybe not if they have to upgrade the facilities. but its probably in their own interest to go into cities with their club teams in them. Also, part of LOVB's model is to have the pros train at the same facility as the club players. Given that, a city without an existing LOVB club seems unlikely. They appear to have clubs in 22 states, so there should be no shortage of expansion options for a couple more teams.
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Post by maigrey on Jun 5, 2024 20:58:02 GMT -5
I think they are assuming that the matches that will be played outside of Texas, players will be charged taxes based on where matches are played. Right. And it's not an assumption. As others have mentioned, out-of-state (and even out-of-city) taxes on pro athletes are a real thing. It’s actually on anyone who works outside of their home state; when I worked at a larger corporation we had to mark our location in the payroll system if we were not in our ‘home’ location (i.e. traveling for business). I ended up having to do 3 state taxes one year because of that, and yes, it’s annoying
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