The Atlanta Hawks are hosting the Detriot Pistons tonight. This means that the state of Georgia will be able to collect state tax obligations from all of the active Detriot Pistons players. These tax contributions are very beneficial to the state of Georgia's economy and can really boost the state’s community impact. Our Atlanta sports tax CPAs have projected what the top six earning Detriot Pistons players approximate Georgia state tax obligations.
What is the NBA athlete state tax obligation formula?
[(The player’s bi-weekly pay) / (number of games played during the pay period) * (state tax percent)]
According to Spotrac.com the 6 top-earning players and their salaries are:
Blake Griffin currently makes about $32MM
Andre Drummond currently makes about $25MM
Reggie Jackson currently makes about $17MM
Jon Leuer currently makes about $10MM
Langston Galloway currently makes about $7MM
Ishmael Smith currently makes about $6MM
NBA teams are paid bi-weekly so that is roughly 13 checks in a season. In order to complete the tax calculations, we also need to know how many games are played during that pay cycle. Let’s assume that the Pistons are being paid today for the 7 games they played over the last 2 weeks. Since we know that the Georgia state tax is calculated at 6% we can now configure how much the 6 highest Detriot Pistons players will approximately owe the state of Georgia.
Blake Griffin will owe Georgia approximately $20,373
Andre Drummond will owe Georgia approximately $16,148
Reggie Jackson will owe Georgia approximately $10,821
Jon Leuer will owe Georgia approximately $6,350
Langston Galloway will owe Georgia approximately $4,444
Ishmael Smith will owe Georgia approximately $3,809
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