Atlanta United is hosting the Chicago Fire for the second time this year. This means that the state of Georgia will be able to collect state tax obligations from all of the active Chicago Fire players again. These tax contributions are very beneficial to the state of Georgia's economy and can help fund very important public services. Our Atlanta jock tax CPAs have projected the top six earning Chicago Fire 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:
Bastian Schweinsteiger makes~ $6.1MM
Aleksandar Katai makes~ $1.276MM
Dax MacCarty makes~ $712K
Johan Kappelhof makes~ $595K
Michael de Leeuw makes~ $589K
Tony Tchani makes~ $353K
We already know that there are 34 games in the MLS season, and Atlanta United has hosted the Chicago Fire for one of those games so far. Since we know that the Georgia state tax is calculated at 6% we can now project how much the 6 highest Chicago Fire players will owe the state of Georgia.
Bastian Schweinsteiger will owe Georgia ~ $21,529
Aleksandar Katai will owe Georgia ~ $4,505
Dax MacCarty will owe Georgia ~ $2,515
Johan Kappelhof will owe Georgia ~ $2,100
Michael de Leeuw will owe Georgia ~ $2,080
Tony Tchani will owe Georgia ~ $1,247
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 in this website is not all inclusive and such information should not be relied upon as being all inclusive.