The 154 million question is: How much is the move to LA really costing James?
But man, those beaches are beautiful.
He paid Ohio and Akron taxes for four years on tens of ala gap discount code millions of dollars of salary and endorsements that could have been treated as Florida income.Should we lock up fewer people for marijuana?Trump could have used a dubious tactic called a 'stock-for-debt' swap to avoid paying taxes on as much as 916 million in income for years.Trump used real estate deductions to pay no federal income taxes in 19, according to Trump tax returns submitted years ago to New Jersey regulators.James will pay at least that rate on all income if he keeps his home in the Buckeye State, and he will pay higher when he has games or practices in higher-tax states.
Endorsements and investments are also state-income-tax-free in Florida.
Another factor they may or may not have discussed is that there is no state income tax in Florida, so all home games, practice days and days off would be taxed at 0 at the state level.
Will he become a California resident?In their first general-election debate, Democratic nominee Hillary Clinton speculated about Trump, maybe he doesnt want the American people all of you watching tonight to know that hes paid nothing in federal taxes.But in signing with the Lakers, he will pay Californias.3 rate on the bulk of his salary for practice and game days in California.DC Report, a nonprofit news site he runs, and on msnbc's The Rachel Maddow Show.The return shows Trump and wife Melania paid most of their income taxes as an alternative minimum tax.LeBron James of the Cleveland Cavaliers with Lonzo Ball of the Los Angeles Lakers in December.That netted the state nearly.7 million in tax revenue for July 2017 its first month of recreational sales.Much of those losses came from a deduction offered to real estate developers, like Trump, allowing them to subtract from their income on the basis that buildings depreciate in value over time.