The Dallas Cowboys have come to Atlanta to take on the Atlanta Falcons tonight. Whether or not the Falcons come out victorious the state of Georgia will celebrate today. This is due to the state of Georgia being able to collect state tax obligations from all of the active Dallas Cowboys players. These tax contributions are very beneficial to the state of Georgia's economy and to help maintain public services. Our Atlanta sports tax CPAs have projected what the top six earning Dallas Cowboys players approximate Georgia state tax obligations.
An athlete’s state tax obligation formula: [(The athlete's salary) / (number of games in the season that is played in the state) * (state tax percent)]
According to Spotrac.com the 6 top-earning players and their salaries are:
- Tyron Smith currently makes about $17.5MM
- DeMarcus Lawrence currently makes about $17.1MM
- Sean Lee currently makes about $11MM
- Tyrone Crawford currently makes about $9.1MM
- La’el Collins currently makes about $7.9MM
- Ezekiel Elliott currently makes about $6.8MM
An NFL regular season is active for 17 weeks and includes about 16 games. Georgia's state tax is currently at 6% so we have all the information needed to estimate the top 6 earning Dallas Cowboys players Georgia state tax obligations.
- Tyron Smith will owe Georgia ~ $65,794
- DeMarcus Lawrence will owe Georgia ~ $64,286
- Sean Lee will owe Georgia ~ $41,344
- Tyrone Crawford will owe Georgia ~ $34,125
- La’el Collins will owe Georgia ~ $29,719
- Ezekiel Elliott will owe Georgia ~ $25,524
This blog article is not intended to be the rendering of legal, accounting, tax advice or other professional services. Articles are based on current or proposed tax rules at the time they are written and older posts are not updated for tax rule changes. We expressly disclaim all liability in regard to actions taken or not taken based on the contents of this blog as well as the use or interpretation of this information. Information provided on this website is not all-inclusive and such information should not be relied upon as being all-inclusive.