02-09-2022, 11:47 AM
(02-09-2022, 11:43 AM)fredtoast Wrote: Yes, but that does nothing to explain the numbers quoted in this article. Our income taxes are progressive. No way a player would pay $47.7K on the first $75K earned and then just $300 on the next $75K earned ($48K on $150K)
And it is impossible to owe more taxes than income earned*
*(California government is looking into ways to make this possible)