{"id":17386,"date":"2013-03-07T17:45:08","date_gmt":"2013-03-07T22:45:08","guid":{"rendered":"http:\/\/cfif.org\/v\/freedom_line_blog\/?p=17386"},"modified":"2013-03-07T17:45:08","modified_gmt":"2013-03-07T22:45:08","slug":"tax-bite-makes-nfl%e2%80%99s-highest-paid-second-in-net-income","status":"publish","type":"post","link":"https:\/\/cfif.org\/v\/freedom_line_blog\/17386\/tax-bite-makes-nfl%e2%80%99s-highest-paid-second-in-net-income\/","title":{"rendered":"Tax Bite Makes NFL\u2019s Highest Paid Second in Net Income"},"content":{"rendered":"

Fresh off his Super Bowl win, Baltimore Ravens quarterback Joe Flacco signed a contract extension worth $120.6 million, making him the highest paid player in the National Football League.<\/p>\n

But as Americans for Tax Reform<\/a> points out, that\u2019s just on paper.\u00a0 After state and local taxes are factored in, Flacco actually makes less take home pay than the New Orleans Saints\u2019 Drew Brees.<\/p>\n

Reason TV<\/a> ran a similar commentary when NBA star LeBron James left his hometown Cleveland Cavaliers to play for the Miami Heat.\u00a0 Because Florida doesn\u2019t have an income tax, some tax experts predicted that James could have a higher net income playing for the Heat even if the value of his contract was less than what he could make as a Cavalier.<\/p>\n

While there\u2019s no indication that professional athletes are making contract decisions based solely on a team\u2019s state and local tax rates, it would certainly make sense in the long run.<\/p>\n

After all, according to ATR\u2019s analysis, after taxes Brees is projected to make $470,000 more every year than Flacco.\u00a0 At $470,000 a year, that\u2019s $2.82 million in extra taxes over the course of Flacco\u2019s new contract.<\/p>\n

With that kind of contribution to the city and state, Ravens fans should count any Super Bowl repeat as icing on the cake.<\/p>\n","protected":false},"excerpt":{"rendered":"

Fresh off his Super Bowl win, Baltimore Ravens quarterback Joe Flacco signed a contract extension worth $120.6 million, making him the highest paid player in the National Football League. But as Americans for Tax Reform points out, that\u2019s just on paper.\u00a0 After state and local taxes are factored in, Flacco actually makes less take home […]<\/p>\n","protected":false},"author":9,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[104,1629,105],"class_list":["post-17386","post","type-post","status-publish","format-standard","hentry","category-posts","tag-americans-for-tax-reform","tag-reason-tv","tag-tax"],"_links":{"self":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/17386","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/comments?post=17386"}],"version-history":[{"count":7,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/17386\/revisions"}],"predecessor-version":[{"id":17393,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/17386\/revisions\/17393"}],"wp:attachment":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/media?parent=17386"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/categories?post=17386"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/tags?post=17386"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}