Tonight's NBA Draft will introduce the best basketball players in the world to many new opportunities. One opportunity these stars may not have been aware of until now, is the "opportunity" to pay the "Jock Tax" in over 20 states.
Below is a look at how much "Jock Tax" the newest NBA stars will owe in the coming future:
Below is a look at how much "Jock Tax" the newest NBA stars will owe in the coming future:
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NOTE: NBA 1st Round Draft Picks are only guaranteed a two year contract but there are team options for the 3rd and 4th year and a minimum salary amount the NBA team must offer that player for their 5th year salary. The above amounts assume each player will be signed through the 5th year of their Rookie-Scale contracts.
NOTE: The tax figures above are estimated under the assumption the athlete lives in a state without an income tax thus only subject to the "Jock Tax".
NOTE: The tax figures above are estimated under the assumption the athlete lives in a state without an income tax thus only subject to the "Jock Tax".
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