China's stipulation on NBA players

[heartsurgeon]

tax rate for someone residing in the U.S. in that income brackett is >50%

whats the big deal? we do it here to everyone who makes over $100,000

 

[Nitemare]

<< tax rate for someone residing in the U.S. in that income brackett is >50%

whats the big deal? we do it here to everyone who makes over $100,000 >>



The fact that China is going to take 50% off the bat and the tax the rest..

 

[TapTap]

He wont last.
He moves like a giraffe on qualudes.

 

[Lucky]

<<

<< tax rate for someone residing in the U.S. in that income brackett is >50%

whats the big deal? we do it here to everyone who makes over $100,000 >>



The fact that China is going to take 50% off the bat and the tax the rest.. >>

\



huh?

 

[Nitemare]

<<

<<

<< tax rate for someone residing in the U.S. in that income brackett is >50%

whats the big deal? we do it here to everyone who makes over $100,000 >>



The fact that China is going to take 50% off the bat and the tax the rest.. >>

\



huh? >>



He's going to be taxed after China gets it's 50% chunk, so if China lays on a 50% tax then they would be getting 75% of his salary right off the bat.

 

[Lucky]

He's going to be taxed after China gets it's 50% chunk, so if China lays on a 50% tax then they would be getting 75% of his salary right off the bat.


Who are you claiming will tax him? The US or china? Of course the US will tax him, he makes his money here. As others have pointed out, the same happens to US citizens overseas. The US taxes folks and (i assume) the country they work in does as well.

If you are talking about how china is taxing him, thats a different matter, and the article itself says It is unclear whether this must be handed over before or after paying U.S. taxes.

 

[Nitemare]

ok, I just thought it would be kind of crappy to only bringing in like 20% of your salary...