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To: MinorityRepublican

Washington State has no state income tax. California has a marginal state income tax rate of over 13% for high income earners. Well duh, of course the Kings will move to Seattle.


8 posted on 01/21/2013 12:00:07 PM PST by forgotten man (forgotten man)
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To: forgotten man

If you go back and review how the Sonics left...no one in the city government cared to launch a new arena. They were playing in a place that needed massive renovation...which wasn’t going to occur, and the city felt that they weren’t drawing any tax revenue or money for town.

After the Sonics left, then the town realized that they had screwed up and there was a base of income related to basketball.


11 posted on 01/21/2013 12:23:26 PM PST by pepsionice
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To: forgotten man
Washington State has no state income tax. California has a marginal state income tax rate of over 13% for high income earners. Well duh, of course the Kings will move to Seattle.

Professional athletes are taxed depending on which state each game is played in; ie what percentage of their income was generated by each game. They pay A LOT of states every year. So, with the high income players, this will have minimal impact on CA tax receipts. The support staff, on the other hand (coaches, trainers, etc) almost always reside where the team calls home and pays taxes accordingly.

15 posted on 01/21/2013 12:48:53 PM PST by RobertClark (It's 106 miles to Chicago, we got a full tank of gas, half a pack of cigarettes, it's dark and we'r)
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