Collecting state tax obligations is vital to a state’s financial standing. States utilize tax obligations to fund public sectors like education, health care, transportation, correctional facilities, etc. So when an elite MLB team like the Miami Marlins travel to Georgia to face the Atlanta Braves the state is able to collect state tax obligations from all of the active roster Miami Marlins players. Since the Miami Marlins are in Georgia for four days so we decided to estimate how much the state of Georgia will collect from the top 6 earners of the Miami Marlins.
An athlete's state tax obligation formula is: [(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:
Martin Prado makes~ $13.5mm
Starlin Castro makes~ $10.8mm
Wei-Yin Chen makes~ $10mm
Brad Ziegler makes~ $9mm
Justin Bour makes~ $3.4mm
Dan Straily makes~ $3.3mm
An MLB season consists of approximately 162 games each year. Since we are aware that the Georgia state tax is currently at 6% we have all the data we need to estimate how much the top 6 earning Miami Marlins players will owe the state of Georgia.
Martin Prado will owe Georgia ~ $10,000
Starlin Castro will owe Georgia ~ $8,042
Wei-Yin Chen will owe Georgia ~ $7,407
Brad Ziegler will owe Georgia ~ $6,667
Justin Bour will owe Georgia ~ $2,519
Dan Straily will owe Georgia ~ $2,500
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.