Should Atlanta taxpayers rejoice when football teams like the Tampa Bay Buccaneers face the Atlanta Falcons in Georgia?
Atlanta taxpayers should absolutely celebrate when NFL teams come to Georgia to face the Atlanta Falcons. This is because the state of Georgia will be able to collect tax obligations from all of the active members of the Tampa Bay Buccaneers roster. States traditionally use tax contributions to fund public services like education, healthcare, transportation expenses, etc. Even though the federal government allocates funds to assist with these expenses it is still not enough assistance to completely fund these public services. Our Atlanta sport tax CPAs have projected the top six earning Tampa Bay Buccaneers 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 highest earning players and their salaries are:
Mike Evans makes~ $18.258MM
Gerald McCoy makes~ $12.750MM
Jason Pierre-Paul makes~ $12.5MM
Ryan Jensen makes~ $12MM
DeSean Jackson makes~ $11MM
Lavonte David makes~ $8.750MM
An NFL regular season spans over 17 weeks and includes about 16 games. Georgia state tax is currently at 6% so we have all the data needed to estimate the top 6 earning Tampa Bay Buccaneers players Georgia state tax obligations.
Mike Evans will owe Georgia ~ $68,468
Gerald McCoy will owe Georgia ~ $47,813
Jason Pierre-Paul will owe Georgia ~ $46,875
Ryan Jensen will owe Georgia ~ $45,000
DeSean Jackson will owe Georgia ~ $41,250
Lavonte David will owe Georgia ~ $32,813
The state of Georgia will approximately receive $282,219 from the top 6 earning Tampa Bay Buccaneers players alone. Taking into account that each NFL team is allowed to have roughly 53 active players on their roster per season; the state of Georgia will get to collect more than $600K to help maintain Atlanta public services!
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