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NFL Star WR Tyreek Hill Reveals He Chose Miami Dolphins Over Signing With the New York Jets Because of Florida Has No State Income Tax 

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Thu, 06 Oct 22 6:17 PM | 28 view(s)
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Heh... just think about the implications if New York/New Jersey and California teams start losing top prospects because of tax rates! But it makes perfect sense. For every million dollars a player earns, those two states pocket $107,000 and $130,000 respectively.

October 6, 2022

NFL Star WR Tyreek Hill Reveals He Chose Miami Dolphins Over Signing With the New York Jets Because of Florida Has No State Income Tax

by Heather Hamilton, Social Media Reporter
WashingtonExaminer.com


Miami Dolphins star wide receiver Tyreek Hill said his decision to play in Florida and not sign with the New York Jets wasn’t sports-related but rather one that came down to economics.

Hill was traded from the Kansas City Chiefs to the Miami Dolphins during the off-season but was pursued by the New York Jets.

“It was very close to happening,” Hill told reporters during a media briefing. “Just those state taxes, man.”


While the Jets are a New York-based team, their stadium is in East Rutherford, New Jersey, 5 miles from New York City. Because of the stadium’s location, Hill would be required to pay a 10.75% income tax, which applies to those making more than $5 million.

Florida, however, does not have an income tax. Hill said his decision to stay with the Dolphins came down to what Florida had to offer.

“You know, I had to realize I had to make a grown-up decision,” Hill added. “And now, here I am in the great city of Miami. You know, great weather, great people. Beautiful people, I feel like. So here I am.”

In addition to Florida, the five states with NFL teams that do not have state income taxes include Tennessee, Texas, Nevada, and Washington. California-based single players who are in the $1,000,000 tax bracket pay the highest state income tax at 13.3%.

http://www.washingtonexaminer.com/policy/economy/state-taxes-nfl-star-florida-new-york-jets




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Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months


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