West Coast Trip Costing Cam Over $200K

[Kevin Greene]

Welcome to California!

Quote

Panthers quarterback Cam Newton doesn't live in California, but he's going to be playing a lot of taxes there when Uncle Sam comes calling in April.

The Panthers' decision to stay out west after the team's 35-32 loss to the Raiders on Sunday is going to cost Newton more than $200,000 in taxes. Under California law, any athlete who works in the state can be taxed on the income they earn while working there.

By the time 2016 is over, Newton will have played three games in California, which means three game checks will get hit by California's state income tax of 13.3 percent.

First, Newton and the Panthers played in Super Bowl 50. That was followed up this season by the Panthers game in Oakland against the Raiders. The Panthers also played at Los Angeles in early November. That means Newton will be paying some serious taxes for a three-game swing where the Panthers went 1-2.

Certified public accountant Robert Raiola told ESPN.com that he estimates that Newton will have a total of $220,000 in taxes withheld from his paycheck for those three games, which means that's one less fun hat he's going to be able to buy thanks to Carolina's games in California.

 

 

[Jangler]

Are you allowed to take a knee on paying taxes?

[arbnranger]

Ouch.

I don't care how rich you are 200k is a lot of money. 

[Mother Grabber]

that's how all states work. 

[Kevin Greene]

2 minutes ago, Mother Grabber said:

that's how all states work. 

Not all at California's tax rate.

[Mother Grabber]

there's 4 teams that pay that rate on at least half of their games.

[Kevin Greene]

Just now, Mother Grabber said:

there's 4 teams that pay that rate on at least half of their games.

Are any of them Cam? Confused what your problem is.

[Jangler]

3 minutes ago, Mother Grabber said:

that's how all states work. 

lol California is broke. Needs the dues.

 

Man, paying 60% to live in Cali...let a socialist society rein.

[arbnranger]

1 minute ago, Jangler said:

lol California is broke. Needs the dues.

 

Man, paying 60% to live in Cali...let a socialist society rein.

Prop 64 should give California some breathing room and turn a few red numbers black. But then again, they may spend all that new revenue as well. 

[countryboi]

if you are paying 200k in income taxes.....its because you are making a poo ton of money. im sure he will drown his sorrows in 100 dolllar bills. 

[Chaos]

This on top of the damages and liability for trashing that luxury home in CA? Cam about to become property of Cali.

Sent from my SAMSUNG-SM-G900A using CarolinaHuddle mobile app

[Still Brooklyn]

Maybe you should start a Go Fund Me for Cam, OP.

[t96]

6 minutes ago, countryboi said:

if you are paying 200k in income taxes.....its because you are making a poo ton of money. im sure he will drown his sorrows in 100 dolllar bills. 

Poor way to try to justify outrageous tax rates.

[countryboi]

1 minute ago, thomas96 said:

Poor way to try to justify outrageous tax rates.

im not justifying anything you going to pay income tax its going to suck.....you may as well make a ton of money so it sucks less.