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Old 08-17-2003, 09:15 PM  
KRL
Entrepreneur
 
Join Date: Oct 2002
Location: USA
Posts: 31,429
Jock and CEO Taxes

Reading in this week's Business Week Magazine that twenty states now have special tax laws to nail the incomes of pro athletes and other high income people who earn money when they play or do business in their particular state.

Tim Duncan who led the San Antonio Spurs to the NBA championship, for example, will have to shell out $288,000 to states where he isn't even a resident this year on his $12 Mil salary.

Apparently now, with states looking for every dollar they can, they might start enforcing these special tax collections on CEO's when they travel into a state to do business deals.

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