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Originally Posted by FreeSafety:
Originally Posted by Green Crustacean:
Originally Posted by YATittle:

I heard House made the move to save on income taxes....

Only on 8 home games and the occasional year they play Tampa Bay, otherwise likely no savings especially when they play in NY and MA.

Huh???

"otherwise likely no savings"... except 7.65% on over half of your income.

 

I'd call that significant savings.

 

8 homes games plus games at the Texans and at the Titans every year, both in states with no income tax. So 10 guaranteed tax free games per year vs Packers players who have to play in WI, MN, IL and MI every year.

 

$6.25M x .625 (for 10 of 16 games) x 7.65% (WI tax)= $298,828.12 per year.

 

"otherwise likely no savings" except for almost $300k more dollars per year.

  

If a player put that extra $200k-300k into a retirement account every year, think of how much better off he'd be in 30 years than the player who paid that same money in to taxes.

 

 

Tax nerds.

Originally Posted by Goalline:
Originally Posted by GBFanForLife:

300K when you make 6.25 million is a drop in the bucket. Just think, for 300K you get the opportunity to lose most of your games.

REALLY? Now I understand why lottery winners go broke 95% of the time.

Yes. Really. I would definitely be able to make it on just $6 million and never be broke for the rest of my life. If someone would give me the 298K right now, I would retire.

 
Originally Posted by Boris:
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Pack CB depth could be hurting if Tramon ends up in NO

Last edited by CAPackfan
Originally Posted by Hungry5:
 
Originally Posted by GBFanForLife:
If someone would give me the 298K right now, I would retire.

 

If you only need another $298k to be able to retire:

a - you are 55 or older and already have close to $1mm in assets

b - you could retire now and don't really need the additional $298k regardless of how old you are

c - internet hubris

 

 

 

 

D. That space under the bridge suddenly opened up again.

Originally Posted by Hungry5:
 
Originally Posted by GBFanForLife:
If someone would give me the 298K right now, I would retire.

 

If you only need another $298k to be able to retire:

a - you are 55 or older and already have close to $1mm in assets

b - you could retire now and don't really need the additional $298k regardless of how old you are

c - internet hubris

 

 

 

 

...and don't live in California.

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