Here's a pic of a big-time pro athlete's paystub...

[Reasonable Doubt]

Andrew McCutchen from the Pirates

 

[Jadow]

glad to see he's saving for retirement.

 

[Printer Bandit]

<insert mayweather's check>

/thread

 

[mikeymikec]

Christ, are American paychecks always that complicated?

When I was in employment, IIRC the paycheck basically looked like:

Gross pay
Tax (PAYE - pay as you earn)
National insurance contributions (NHS healthcare in the UK)
Pension contributions
Net pay

 

[pete6032]

Christ, are American paychecks always that complicated?

When I was in employment, IIRC the paycheck basically looked like:

Gross pay
Tax (PAYE - pay as you earn)
National insurance contributions (NHS healthcare in the UK)
Pension contributions
Net pay

It's like that because he has to pay income taxes to multiple States since he generated income in each state in which he played his games.

 

[Ventanni]

Christ, are American paychecks always that complicated?

When I was in employment, IIRC the paycheck basically looked like:

Gross pay
Tax (PAYE - pay as you earn)
National insurance contributions (NHS healthcare in the UK)
Pension contributions
Net pay

They're really not, but different states, counties, and cities have different taxes. Since he's a sports player and travels around like he does, he incurs the tax rates of the city/state (or both) that he plays in.

And you're a Brit! Don't they, like, tax your left hand turn signals and all sorts of stuff?

 

[mikeymikec]

Ah.

And you're a Brit! Don't they, like, tax your left hand turn signals and all sorts of stuff?

I'm assuming that there's something semi-serious in here but I have no idea what it might be

 

[Ventanni]

I'm assuming that there's something semi-serious in here but I have no idea what it might be

I think my attempt at humor fell flat this time.

 

[xSauronx]

Christ, are American paychecks always that complicated?

When I was in employment, IIRC the paycheck basically looked like:

Gross pay
Tax (PAYE - pay as you earn)
National insurance contributions (NHS healthcare in the UK)
Pension contributions
Net pay

do you think a pro athlete with many sports related taxes and deductions would have a paycheck similar to the average american? take a good look at the line items.

 

[kranky]

I don't begrudge pro athletes their salaries, but it's funny to me that on top of their salary (minimum salary $500K/year), major league baseball players get an additional $100.50 per day for meals when they are on the road. This amount is adjusted annually for inflation.

 

[core2slow]

$1500 for his 401k contribution lol, though in sure he has other investment revenues...

 

[z1ggy]

2.2M YTD D:

Damn it's only May. I assume he only gets paid during the season then?

And regarding the 401k comment from the commenter above.... He's obviously maxing his 401k contribution per year, and probably (hopefully....) putting a bunch more into other mutual funds, etc.

 

[CraKaJaX]

I could get used to that...

If predator can make 2.2M YTD, I can too. Right?

 

[mikeymikec]

do you think a pro athlete with many sports related taxes and deductions would have a paycheck similar to the average american? take a good look at the line items.

I think there are some key differences between how tax is handled in the UK and US. For starters, I'm not aware of anything that would suggest that a sports player would get additional tax because they went to another county to play a match or three. Secondly, 'local' taxes like council tax (which pays for local services like say the emergency services, refuse collection etc) are handled separately from one's paycheck, and the amount of tax one pays is determined by the local council's expenses and the size of house one lives in (in that council's jurisdiction).

Aside from that, not that I have any knowledge on this topic but I'd expect a UK football (Americans: soccer) player to have a fairly similar-looking paycheck to someone working in McDonalds (except the figures obv). The footballer's tax return would be a different story of course; in the UK one has to file a tax return if their income is complicated (self-employed for example, or many different sources of income/investments) or over an (above average) amount.

 

[Scarpozzi]

$1500 for his 401k contribution lol, though in sure he has other investment revenues...

401k contributions are capped around $18k, so that makes sense if he's paid monthly.

 

[Newell Steamer]

Looks like my weekly check,.. if you cleaved off 75% from what I actually make.

 

[Lonyo]

Christ, are American paychecks always that complicated?

When I was in employment, IIRC the paycheck basically looked like:

Gross pay
Tax (PAYE - pay as you earn)
National insurance contributions (NHS healthcare in the UK)
Pension contributions
Net pay

NI isn't for the NHS, it's for pensions and other benefits.

 

[Fanatical Meat]

Its wrong to have this posted

 

[Homerboy]

Its wrong to have this posted

While very interesting to see, I agree. This is wrong to post/share.

 

[SearchMaster]

What the heck is the "Pittsburgh Professional Athlete Fee"? It's under Deductions not Taxes.

 

[mizzou]

I don't begrudge pro athletes their salaries, but it's funny to me that on top of their salary (minimum salary $500K/year), major league baseball players get an additional $100.50 per day for meals when they are on the road. This amount is adjusted annually for inflation.

It is pretty funny when you think about it. Those must seem like pennies.

Also, 50% in taxes and deductions

 

[rudder]

Getting hit with taxes in each city he plays in.... but whats a few thousand dollars here and there.

 

[swilli89]

I think there are some key differences between how tax is handled in the UK and US. For starters, I'm not aware of anything that would suggest that a sports player would get additional tax because they went to another county to play a match or three. Secondly, 'local' taxes like council tax (which pays for local services like say the emergency services, refuse collection etc) are handled separately from one's paycheck, and the amount of tax one pays is determined by the local council's expenses and the size of house one lives in (in that council's jurisdiction).

Aside from that, not that I have any knowledge on this topic but I'd expect a UK football (Americans: soccer) player to have a fairly similar-looking paycheck to someone working in McDonalds (except the figures obv). The footballer's tax return would be a different story of course; in the UK one has to file a tax return if their income is complicated (self-employed for example, or many different sources of income/investments) or over an (above average) amount.

While very interesting to see, I agree. This is wrong to post/share.

No, this is right. Let the masses see what the elevated human race makes, so that their discontent may be stirred and the revolution sparked. Only I'm western culture is it taught that it's "ok" to make unlimited money, that you "earned it". If you really search deep down, it's not Ok to have this much wealth for contributing nothing to society while many state and cannot feed or educate their children.

When the revolution does happen, in 30 to 40 years, the uber rich will be rooted out of their keeps and made to answer for their gluttony.

 

[MongGrel]

<insert mayweather's check>

/thread

Were many zeros involved.

 

[Engineer]

Getting hit with taxes in each city he plays in.... but whats a few thousand dollars here and there.

You do understand that only the portion of his income in each state is taxed in those states, right? It's not taxing the full amount of his earning in each state.

I've been on contract jobs for other states and part of the contract was to pay those state taxes on the portion earned in their state. Didn't have to pay home state taxes on that money earned there.