Basketball star tax what is the difference between before tax and after tax of NBA star salary

What is the difference between before tax and after tax of NBA stars' salaries
NBA stars' salaries have a pre tax and after tax difference of 10%. In the United States, the taxes that NBA players have to pay include federal tax, state tax and city tax. The tax rates vary from place to place. The Toronto Raptors have to pay the tax according to the Canadian tax rate. In addition, players' agents should draw a commission, usually 3% of their annual salary. In addition, there are endowment insurance expensesZhouqi's annual salary is 20million yuan. After deducting various taxes, how much can he get
Zhouqi's annual salary is 20million yuan. After deducting various taxes, how much can he get? Since the 2019 World Cup, Zhou Qi has been subject to great controversy, but his talent in basketball cannot be denied. His annual salary of 20million is the greatest affirmation of his personal ability. Many netizens are curious. After the annual salary of 20million is deducted from various taxesTax rate on NBA players' wages
In 1946, the owners of eleven ice hockey stadiums and gymnasiums jointly founded an organization called baa. The full name of this organization is the Basketball Association of America. In the 1949-1950 season, baa annexed NBL and changed its name to the current National Basketball AssociationHow high are NBA players' taxes
However, Mirotic finally decided to join Barcelona basketball club in Europe. Although the contract amount was only 26million euros (equivalent to US $29.18 million), and the annual salary was far lower than that of NBA teams, it was not surprising that Mirotic made this decision in combination with the heavy taxes in the United StatesWhat percentage of personal tax should be paid on the salary earned by NBA stars
In the United States, the tax rates vary from state to state. For example, the tax rates in Texas are low. In the NBA, the annual salary is about 20%What is the NBA tax rate? Yao Ming's annual salary is 6million yuan. How much tax does he have to pay
The so-called "athlete tax" is in essence a state individual income tax, that is, the individual income tax levied by the governments of various states on the income of professional athletes who are not residents of the state in the local leagues. The tax is mainly aimed at the four major leagues. Michael Jordan, a famous American basketball player, is the first "victim" of the athlete taxHow much tax do NBA stars have to pay
Another 50% or so
The annual income of a basketball star is 15million yuan. According to the tax law, a 40% tax should be paid
15million yuan. The tax rate should be 45%, not 40%. The tax payable = 1500/12*12*45%-1.5375 = 6734625 yuan. His income is 1500-6734625 yuan = 8265375 yuan
How much money Yao Ming can get in the NBA and how much tax he has to pay
If Yao Ming is selected as an all star three times, his contract will be automatically extended to a lifetime contract. Now two years have passed, Yao Ming has made two All-Star starts, and it will be like finding out what's in his pocket to be an all-star again in the future. These two main contracts alone now bring Yao Ming 12million dollars a year. After tax deduction, net income exceeded $7millionTax rate on players sold
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