If this is your first time stopping by, here are some other articles to get you caught up to speed in the series on the impact state income taxes could have on NCAA recruiting.
This is double what the average NCAA football or basketball player would owe.
Both Washington and WSU should send their legislature a big thank you note as their state’s lack of an income tax will cause those two teams to owe an average of $184 in state income taxes for football players and $964 for basketball players. Those two schools who have previously lost many battles against fellow PAC 12 powerhouses now can offer their football players $14,433 more than the flashy jerseys at Oregon once could and $33,876 more than the PAC 12’s California teams can. That’s a difference in salary nearly the size of an entire median income level in the US.
The PAC 12 not only holds the title for highest state taxes owed in both football and basketball but also holds the title for the most dramatic variation in state tax bills among their own programs.
This article only discusses state income taxes. College athletes would also be subject to federal and local income taxes. Provisions in the federal tax code allow for the deduction of state and local income taxes for certain income thresholds. Given this potential deduction on federal taxes, the variance in total income taxes owed may not be as drastic between conferences and schools. However, for simplicity sake - this article solely focuses on state income taxes.
Estimated football and basketball salaries provided by CNBC's Mark Koba (@MarkKobaCNBC).
- Estimated football salary: $178,000
- Estimated basketball salary: $375,000