NBA tax Luxurytax: as the name suggests

How about NBA luxury tax
Luxurytax: as the name suggests, if your consumption belongs to luxury, you will be subject to luxury tax. The NBA stipulates that 48% of the league's total income is "salary cap", and 55% of the total income is the boundary of luxury tax. Luxury tax: according to NBA regulations, 48% of the league's total income is "salary cap"How much tax should NBA players pay
As long as employees are required to pay taxes, and as high-income employees, the amount of taxes paid by players will be relatively large. It is unknown how much NBA players pay taxes, but it can be calculated according to the current payment method of personal income tax in China, and an unexpected result can be obtainedHow high are NBA players' taxes
According to the federal law of the United States: if the annual salary exceeds $432000, you will have to pay up to 39.6% of the federal tax! In the NBA, the contracts of players at the base salary are more than 430000. Therefore, we can say that all NBA players' income should be sold to the stateWhat percentage of the annual salary do NBA players pay
If the player's salary exceeds 141250 to 307050, part of the tax shall be paid.35 if the player's salary exceeds 307050, part of the tax shall be paid.38.6 in addition to these taxes, the player shall pay taxes ranging from 1% to 11% in each state, and some states do not need to pay them. If an NBA player gets a four-year 80million contractNBA luxury tax ranking this season! Warriors ranked second with 1987 million and rockets ranked 14.45 million. What about the Lakers
With such a lineup, under the leadership of Zhan Mei, the Lakers won the 17th championship in the history of the team without paying a luxury tax. According to statistics, the Lakers are still the fifth team in the history of the NBA to win the championship without paying a luxury tax. Lakers
Inventory of NBA luxury tax
The NBA's luxury tax payment limit for the 2007-08 season is $67.865 million. Basket world predicts that the luxury line will only increase to $70million next season. If the forecast is accurate, nine teams including the Celtics, Mavericks, rockets, Lakers and Suns will pay luxury tax next season. According to the analysis of basket worldHow much tax should players pay for their annual income in NBA
In addition to these taxes, players have to pay taxes ranging from 1% to 11% in each state, and some states do not have to pay them. If an NBA player gets a four-year 80million contract and is suspended due to injury in the third year, his salary will not be missed. But if he retires, with medical certificates, his salary will be paid by insuranceHow much tax should NBA players pay
As long as employees are required to pay taxes, and as high-income employees, the amount of taxes paid by players will be relatively large. It is unknown how much NBA players pay taxes, but it can be calculated according to the current payment method of personal income tax in China, and an unexpected result can be obtainedWhat does luxury tax mean in the NBA
The team must not spend more than that on its players. And if you exceed the salary cap, you will have to pay NBA luxury tax to the league. The luxury tax means that this is the core of more than 55%. The salary cap is soft. If the team owner takes out more than 55% of the league's total income, he will have to pay a luxury tax. If you ignore its existence, you willIs the "luxury tax" mandatory in the NBA
As we all know, NBA players' wages are very high. But in order to maintain normal order, the NBA introduced the salary cap system