How high are taxes for NBA players?

For example, Curry's current annual salary is $40.36 million, but the salary he can get in the end is only about 15 million, and the remaining $2,500 or so is basically taxes.

Very high. NBA players in the United States are subject to very high personal income taxes. The actual amount received is only about 40% of the annual salary.

It is very high, and the salary they receive is only about one-third of the salary, and the rest is taxed.

How much can an NBA star earn, and why can a team pay high wages.

NBA players are particularly taxed, and each state has a different tax rate, but they all pay most of the tax.

The main slag paid by players is personal income tax, which varies from country to country. Individual income tax in some European countries is as follows: a:

The annual income of the UK deducts 4385 pounds of "tax-exempt income", and the rest of the part: 0 1520 pounds tax rate 10% 1521 28400 pounds silver mining tax rate 22% tax rate above 28400 pounds 40% The income level of Premier League players is basically in the third category, then the tax rate of Premier League players is 40%, of course, if you deduct 4385 pounds, it is less than 40%, but for the Premier League with a weekly salary of hundreds of thousands, £4,385 is probably only equivalent to three hours of their wages, so it's negligible. Two:

Italy: Personal annual income less than 7,500 euros: tax exemption between 7,500 and 33,000 euros, tax rate 23% above 33,000 euros, tax rate 33% Professional players should belong to the third tier, 33%, decent, not high or low.

Three: Spain: The exact personal income tax rate in Spain was not found, but a useful data was found:

Migrant workers pay 25% of the personal income tax, here migrant workers refer to people who do not have Spanish nationality but have long-term stable jobs in Spain, so it seems that foreign players who play in La Liga also belong to this, only need to pay 25% tax, is it really so little? I checked a data, Real Madrid once gave Zidane an annual salary of 6 million euros after tax, which was 8 million before tax, and it was really only 25%, it seems that for foreign players, playing in La Liga is indeed the most cost-effective. Frontal Core Four:

GermanyGermanyGermany's personal income tax rate is very complicated, I was not interested in looking at it carefully, so I looked at a data that is useful to us, that is, the highest grade is basically this grade for professional players, so it seems that half of the income of Bundesliga players has to be used to pay taxes, which is indeed heavy enough. Five: France used to say that the French league rate is high, so it can't attract high-level players, I have always thought it is strange, because in my impression, the northern European countries, as well as Germany and the United Kingdom, are typical high-tax and high-welfare countries, France does not seem to belong to the high-tax countries in Europe, and I only found out after checking:

It is true that the average personal income tax in France is not as good as in the UK, but the tax rate for professional sports athletes is specially regulated and has reached a higher level than in Germany!

The NBA player tax is subject to the NBA luxury tax.

The initial tax rate was one dollar of luxury tax paid to the Union for every dollar above the tax line. The money will be distributed to teams whose total salaries do not exceed the luxury tax. In 2011, the coalition amended the rules for the luxury tax.

Beginning in the 2013-2014 season, the more exceeded, the higher the tax rate, and a higher repeat offender tax rate will be applied to teams that have exceeded the salary cap in each of the previous five seasons.

The NBA stipulates that 48 percent of the league's total revenue is the "salary cap" and 55 percent of the total revenue is the luxury tax threshold.

The "salary cap" for the 1999 and 2000 seasons was $35.5 million, and the luxury tax was $40.67 million. If a team ignores its existence and crosses it, then the team suffers severe punishment. The first penalty is that the money in escrow is not returned to the athletes, and the second penalty is that the team has to pay a dollar in luxury tax for every dollar spent above 55%.

NBA star salaries have a 10% difference before and after taxes.

In the United States, NBA players are not required to pay federal, state, and city taxes, and the tax rates vary from place to place, and the Toronto Raptors players are taxed at the Canadian rate. In addition, the player's agent takes a commission, which is generally 3% of the annual salary. In addition to this, there is also the cost of pension insurance, which is capped at $10,000 this year.

According to NBA regulations, 10% of the player's annual salary must be handed over to a third party for safekeeping, and the part that was kept in the previous season will be returned at the beginning of each season, so this year's 10% should be deducted when calculating, and last year's 10% should be added. After the return of 10%, there is also the remaining distribution of Min Hail, the total amount is 100 million, and each player can be compensated according to the established proportion.

Summary. After investigation, Johnson's annual salary is about $23.18 million, and the actual salary after tax deduction is $12.5 million, which is the first in the league. In second place is Dwight Howard in Texas, whose annual salary is $21.44 million, and he actually gets $12.37 million after tax deductions.

After paying taxes, how much will the NBA players be paid this year?

After investigation, Johnson's annual salary is about $23.18 million, and the actual salary after tax deduction is $12.5 million, which is the first in the league. In second place is Dwybhut Howard, who is in Texas, with an annual salary of $21.44 million and a tax deduction of $12.37 million.

I'm talking about the annual salary of NBA players after taxes this year.

This year is not over yet, how can it be calculated?

And what about last year. It's from above.

Summary. Hello! Let's say a player's salary is $30 million a year.

After collecting the taxes, about $25 million went to him. The income is still very expensive, very expensive. I hope mine is helpful to you, and if you can, hope to give a thumbs up.

After paying taxes, how much will the NBA players be paid this year?

Hello! Let's say a player's salary is $30 million a year. After collecting the taxes, about $25 million went to him.

The income is still very expensive, very expensive. I hope my letter fight is helpful to you, and if you can, I hope to give it a slippery compliment.

How many players in the NBA for the new season are $20 million after taxes.

There are just a few, Harden, Durant, James, Irving, Curry.

How much are they respectively.

You can have more than $20 million in your own hands.

<> Wei Shao and Wall.

They're all premium contracts, and that's what they look like. More than 20 million.

The annual salary of NBA players is pre-tax, and Americans are used to paying their own taxes.

The United States is still quite strict about the tax deduction for high-paying occupations, and November 15 of each year is the first pay day of the new season for NBA players.

According to the relevant regulations of the NBA, the date of the league to pay the salary is the 1st and 15th of each month, starting from November 15 of each year, the player who signs the contract under the latest collective bargaining agreement will receive 24 salaries a year by default, if the player's salary exceeds the league's base salary, you can negotiate with the team to receive the full year's salary in 12 installments within 6 months, or 36 times in 18 months, but if you are fined for absenteeism in training, you will be fined for technical (malicious) fouls, Expulsion from a game is punishable, a delegation to refuse to go to the league is fined, and more serious is a ban, with a player deducted one-tenth of his total annual salary for the year for each game he or she is suspended, and the "income" from these fines and bans will be used for charity activities through the league and the players' union.

The salary is before tax, but the salary paid to the player's salary card is already after tax, and the salary of NBA players is paid in 15 times after the start of the season, directly to the player's salary card.