How STATE TAXES Are Deciding Where Top NFL Talent Signs

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Some states have significantly higher income taxes than others. When it comes to recruiting top NFL talent, state income tax rates can be a significant factor. Some notable figures in sports have recently spoken about how state income taxes can impact whether or not a player will sign for a specific sports franchise.

In this video, tax expert Karlton Dennis explains exactly how high state income taxes have been impacting the NFL and what key sports figures such as Bill Belichick, the legendary former Patriots’ coach have said about them. He also explains how high state income taxes have impacted athletes in other professional sports leagues.

More and more professional athletes have been speaking out about taxes and trying to make moves to reduce their tax burden. If you are a professional athlete who needs help dramatically reducing your tax bill, then feel free to get in touch with my team by clicking the link above to book a professional tax consultation.

CHAPTERS:
0:00 Intro
0:40 Bill Belichick’s Comments on State Taxes and the Patriots
2:56 Successful People Often Avoid High Tax States
4:20 Tom Brady and State Taxes
5:42 Other NFL Players Moving to Florida
7:20 Is This Happening in Other Sports?
8:26 Free Agents
9:50 Subscriber Question
10:30 Outro

*Disclaimer: I am not a financial advisor nor am I an attorney. This information is for entertainment purposes only. It is highly recommended that you speak with a tax professional or tax attorney before performing any of the strategies mentioned in this video. Thank you.

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