Official 2015 Free Agency/Contract Extension Thread

[ThunderDan]

True and false. Yes for people making "normal" money. But when you hit AMT level (as all pro athletes likely do) - those deductions often don't exist.

Sales/Property taxes are much higher in states without income tax - but these guys aren't buying 10M homes (yearly) to account for the difference.

Sorry, but you are mistaken on the AMT. The majority of athletes earning W-2 wages would not be in the AMT unless they have other sources of income from very specific sources. The AMT top tax rate is 28% and the top athlete's are paying 39.6%. The regular tax is much higher than the AMT amount.

The sad part of the AMT is it hits the people making 200K-500k which is not the original intent of the law.