Published • loading... • Updated
Super Bowl LX Players Lose Thousands to California's 'Jock Tax' on Athlete Income
California's jock tax reduces Super Bowl LX players' bonuses by nearly half, leaving winners with about $86,000 and losers with $49,800 after taxes, experts said.
- On February 8, Super Bowl LX at Levi's Stadium in Santa Clara, California triggered the state's jock tax, exposing players to significant tax bills based on their duties there.
- Most jock taxes use a 'duty day' standard where duty days include teams' practices, meetings, travel, and media day, and liability is based on earnings multiplied by the duty-day ratio in the state.
- After accounting for jock taxes, Degner said, 'What that means here is that the winning team, their take-home pay will be approximately $86,000. If you're on the losing side, the take-home would be about $49,800'.
- Players often must file in multiple states, facing 10 or more taxing jurisdictions and layered jock taxes from both states and cities, so teams are advised to secure sharp financial and tax advisors.
- Jock taxes apply across the NFL season, and Jeffrey Degner, research fellow, said players’ take-home pay is smaller after jock taxes and other state and federal liabilities.
Insights by Ground AI
Podcasts & Opinions
13 Articles
13 Articles
Players who participated on Sunday in the Super Bowl in Santa Clara must comply with a state levy that applies to professional athletes
No More Super Bowls for California – Seahawks QB Will Reportedly Owe Money for Winning a Ring Thanks to State's Insane Tax Laws
There is something uniquely broken about a system where winning the Super Bowl can end up costing you money. That is reportedly the reality for Seattle Seahawks quarterback Sam Darnold after Sunday night. According to a Monday report from the New York Post, Darnold will actually owe the state of…
Sam Darnold’s insane California tax bill stunningly exceeds Super Bowl winnings
Because of California tax laws, Seahawks quarterback Sam Darnold will reportedly owe more than the $178,000 check he earned for helping lift Seattle to a 29–13 victory over the Patriots.
·New York, United States
Read Full Article
Coverage Details
Total News Sources13
Leaning Left1Leaning Right5Center4Last UpdatedBias Distribution50% Right
Bias Distribution
- 50% of the sources lean Right
50% Right
C 40%
R 50%
Factuality
To view factuality data please Upgrade to Premium
