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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?

To: Original Mad Dog who wrote (20387)1/9/2003 12:59:15 PM
From: Libbyt  Read Replies (1) | Respond to of 57110
 
a big issue in recent years about taxing professional athletes for their road games

IMO all of these questions, and different views expressed recently just highlight the reasons to have an excellent accountant, and attorney.

Many people try to answer some of these complex tax or legal questions without professional help. It would seem that many times paying for the best advice possible is worth the cost. Sometimes the expense of professional advice "pays for itself" with savings made by making the right tax choices.

The phrase "you get what you pay for" IMO is true in many different situations!



To: Original Mad Dog who wrote (20387)1/9/2003 1:09:09 PM
From: Lazarus_Long  Read Replies (1) | Respond to of 57110
 
There was an article about that recently, but I don't remember where.

How'd you like to be a pro athlete? You could end up owing tax to the 25 or 30 states plus the Feds!

This concept is also being extended to entertainers. You're the Stones playing in NYC? Cough up to NY state AND NYC.

Oh, yes, I think your example should settle this "the money is taxed where it's earned" issue.


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