eco's bones
Registered User
I am not sure there is a state tax bracket that hits 11%, and there are some states with no tax at all. Not sure what kind of refunds are offered at the highest bracket, but I am sure there are plenty of strategies for these guys to use.
I also understand/agree about not taking anything for granted, but still, suggesting 62k makes up for 12.34m in any way at all is kind of insane.
Well he played in Detroit--which has had a depressed economy going back decades. And then in Los Angeles which is expensive and California has gone bankrupt a couple times and living in NYC is pretty expensive. Other than that a couple months in Dallas. That was his NHL career. The 50% for taxes might be a bit exaggerated but it's probably not that far off.
Young kids and money managers. I mean--really you're a big shot now to all your friends and you've got a bank account for the first time in your life--and don't know any better--you buy all kinds of ****. That was part of the point of it. But really--even older people--it's a bore to be thinking about money all the time.
Generally I think they get their escrow money back. I'm thinking there's a couple times that they didn't and it might have been around the lockouts and it was a big point of contention. Maybe I'm remembering it wrong. The agent-management fees he claims doesn't really pass the smell test. I wouldn't think that would go much past 10%. All in all though after reading that I got the idea that some of these guys really aren't making as much as I thought.