Multi State Tax Compliance – Tampa Bay Buccaneers V Atlanta Falcons.jpeg

Georgia State Tax Compliance – Tampa Bay Buccaneers vs Atlanta Falcons

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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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.