The general population will most likely see all these things listed (minus the stadium and fairgrounds arena) and think they're positive things. Bet this passes.
The general population will most likely see all these things listed (minus the stadium and fairgrounds arena) and think they're positive things. Bet this passes.
No, I didn't know that and we are getting off topic (my almost sole focus is the logrolling aspect) and far outside any area of expertise on my part but I am intrigued. How is it that players on teams outside of OK pay income tax to the State of OK? Lebron James pays income tax to OK for each game played in OKC??? They pay a different amount to each state based on each state's tax rate???
That's how I've had to do it as a consultant/contractor. I routinely have had to file non resident tax returns for other states that I've worked in while a resident of Oklahoma.
^ California (4 teams: LA Lakers, LA Clippers, GS Warriors, Sac Kings).
Ed, I don't believe Texas (3 teams: Dallas Mavs, Houston Rockets, SA Spurs). has income tax. ..
Weird that its this way when the players are employees of the team/city they represent; you'd think they'd just pay tax in that state (if any) and a "use" tax when playing in away games. Weird on the NBA.
Must be a nightmare nonetheless having to file so many state returns. One of the reason's players hawk about "Seattle" as an NBA destination is that like TX we also have no income tax. Oregon (Portland Trailblazers) has no sales tax.
Oklahoma City, the RENAISSANCE CITY!
Quick dive into taxes athletes pay this is from 2017 article but shows how complicated it is. You need a great tax man to decipher and file lol.
Income Taxes For Pro Athletes Are Reminder Of How Complicated U.S. Tax Code Is
Kurt Badenhausen9:20 am
By K. Sean Packard
LeBron James was the highest-paid athlete in the U.S. last year with more than $80 million from salary and endorsements. King James will pay his fair share of taxes, but the level of complication for James and his financial team when they are filing is off the charts since he earned money in at least the 21 states where NBA teams are located.
Athletes file taxes not only in their home state but also in every state—and some cities—in which they play. Not every state uses the same calculation to determine what portion of an athlete’s income to tax, and some use different calculations based on the sport. For example, Pennsylvania taxes baseball, basketball and hockey players on the ratio games in the state over total games played, including pre- and postseason, but they tax football players based on days worked in the state over total days worked. Michigan uses the same method but excludes the preseason. Most other states use the days worked method. Arizona uses that method but excludes days worked in the pre-season (otherwise MLB would be shopping for a new spring training home).
Read the rest here:
https://www.forbes.com/sites/kurtbad.../#5fe8e40c411e
But you don’t get double taxed so if OKC player pays Cali taxes for days played in Cali (worked) those days are deducted here. Its complicated.
And that's why people like me exist.
That is totally off-topic, and really damn fascinating.
God, the accounting that must be required to keep up with it...
Forgive me since the topic has shifted into the tax angle...
Ed you have our support, continue with being the watchdog for our city as it relates to programs & facilities.
True, the NBA franchise is valued at $1.5 billion; that figure only becomes liquid when they sell the franchise. There are groups who would love to own an NBA franchise; Seattle, Vancouver, Virginia Beach-Norfolk & Louisville are all in line waiting for an expansion or relocation franchise.
Keep in mind that The Peake is used for a number of events throughout the year. Thunder as an anchor tenant (first rights on dates) pays $1.6 million annually, an average of $40,000 per event to rent/lease the city's main arena.
Smart cities keep their arenas up-to-date to keep competitive with communities who aspire to covet what we already possess--that's how we obtained the Thunder.
Unless there are reciprocal agreements between two states, you almost always have to pay income tax (and employers must withhold this if you're a W2 employee) to the state in which you're working (unless that state doesn't have income tax). There are some state combinations where you are at the very least subject to double withholding (though you would likely get a credit from the tax you paid to the non-resident state toward your resident state's tax liability)
If you're interested in how non-residents have to pay, here is the OK 2018 non-resident instructions: https://www.ok.gov/tax/documents/511NRPkt-18.pdf
If you own property in Texas as my family does, those property taxes more than make up for the income taxes Oklahomans pay.
Especially, since you can't file for homestead exemption. You pay property taxes for the County (Milam County) & the School District (Cameron Independent School District) on property in Texas. So don't think because Texas doesn't have income taxes that's some kind of gift.
yes and this started with the city of cinncinnait that started imposing thier city income tax (2.1%) on visiting baseball players ...
everywhere in this country you owe income tax based on where you perform the work .. (in most cases states don't know or care) but in the case of athletes this "jock tax" is easy to track and understand ..
We just had some very fine logs to roll with in prior MAPS initiatives—top shelf firewood if you will.
But most of the logs in this round are filled with knots, still damp from the spring rains, and have potential to cause untold damage to our collective fireplace. It only makes sense that the Voters be given the option to pick and choose which logs shall burn.
Pete, is it possible to overlay the projects on a map of OKC? I realize we can’t map sidewalks plus some spend does not have a location picked out yet. Just curious if thats feasible. Some use existing buildings as well. Kind of like you do for other projects. If its too difficult don’t worry either.
mymaps.google.com is pretty easy to use
Maybe that explains why the Packers and Raiders sent skeleton crews to the exhibition game in Manitoba.
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