Back on February 10, I noted that a lot of the teams Tom Brady might leave Massachusetts for were places with zero state and local income tax. That means a lot for someone who makes as much money as Brady. I wrote then:
States go after athletes with so-called "jock taxes," so Brady can wind up paying state tax when he plays away games in other states, anyway, but a zero state income tax versus 5.05% on home games could amount to more than half a million dollars a year for a guy like Brady.
I'm not saying it's the only factor. But it seems to be part of the conversation. Top talent, like capital, flows to where it is well treated.
Sure enough, it looks like Brady is going to end up with the Tampa Bay, Florida, Buccaneers. Florida has no state income tax.
 The GOAT, or Greatest Of All Time. |
