Andrew McCutchen's leaked pay stub

[Mulligan]

Seems the poor guy left his 2 week pay stub in visiting locker room and it went viral. Although he makes more in 2 weeks than I did my last 8-9 years combined, I actually felt sorry for the guy.
Income $820,659.88. Federal Income tax $322,074. State Income $16,775
Medicare $19,775. Also had deducted taxes from various cities ( many places he plays smacks an entertainment tax on them) and $9,855 Pittsburg Professional Athlete Fee.
Anyhow he netted only $427,098.49 for the 2 weeks work. Everyone likes to talk about how great a deal Medicare is. I imagine Mr. McCutchen would have a strong case in disagreeing with that statement!


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[rodi]

At least he's contributing $1500/paycheck to his 401k.

Picture can be found here:
Let's Take A Look At Andrew McCutchen's Pay Stub

[Mulligan]

Quote:

Originally Posted by rodi At least he's contributing $1500/paycheck to his 401k. Picture can be found here: Let's Take A Look At Andrew McCutchen's Pay Stub

Interesting...I only got the newspaper article version. That city entertainment tax is just a flat out money grab and shameful. I dont care how much they make. Big multi million dollar money men and CEO's who fly into a town to conduct business, don't get smacked in the wallet like that.


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[MooreBonds]

Quote:

Originally Posted by Mulligan Interesting...I only got the newspaper article version. That city entertainment tax is just a flat out money grab and shameful. I dont care how much they make. Big multi million dollar money men and CEO's who fly into a town to conduct business, don't get smacked in the wallet like that. Sent from my iPad using Tapatalk

Well, with all due respect, I disagree. The people who fly into town to conduct business are typically signing contracts or selling things ('business to business transactions'). The ballplayers (and comedians, and other people who spend limited time in cities) are earning their salary in that specific city. No different if a contractor does work in another city building a building - they are doing that specific work and earning their money in that city. Their presence in the city isn't an 'accident' (in the sense that they could have easily done their work in their home office in another city) - their presence is absolutely required to earn the money.

However, this will likely all be a moot issue with the recent SCOTUS decision that other states/cities that tax you if you don't live there cannot collect income taxes from you.

[RunningBum]

That first paycheck hurts when they take FICA out of it, before it maxes out.

[MichaelB]

Quote:

Originally Posted by MooreBonds However, this will likely all be a moot issue with the recent SCOTUS decision that other states/cities that tax you if you don't live there cannot collect income taxes from you.

If you earn income in another state or locality they are free to tax you. The SC ruling is about double taxation, so if your state of residence also taxes you on income earned elsewhere it must also credit state income taxes paid elsewhere. My guess would be a city tax won't be eligible for this credit.

Quote:

Originally Posted by RunningBum That first paycheck hurts when they take FICA out of it, before it maxes out.

SS maxes but Meidcare has no upper income limit.

[Mulligan]

Quote:

Originally Posted by MooreBonds Well, with all due respect, I disagree. The people who fly into town to conduct business are typically signing contracts or selling things ('business to business transactions'). The ballplayers (and comedians, and other people who spend limited time in cities) are earning their salary in that specific city. No different if a contractor does work in another city building a building - they are doing that specific work and earning their money in that city. Their presence in the city isn't an 'accident' (in the sense that they could have easily done their work in their home office in another city) - their presence is absolutely required to earn the money. However, this will likely all be a moot issue with the recent SCOTUS decision that other states/cities that tax you if you don't live there cannot collect income taxes from you.

My assumption is the belief they are already paying that income tax also in their residence, thus being a double tax. If my assumption is wrong I would be agreeing with you. The cynic in me proposes that out of town athlete/entertainers have less political influence than CEOs do. In my simple mind they are both coming to town to "perform their job".


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[tulak]

Quote:

Originally Posted by rodi At least he's contributing $1500/paycheck to his 401k. Picture can be found here: Let's Take A Look At Andrew McCutchen's Pay Stub

I wonder why he doesn't contribute the max right away instead of spreading it out through the year. It also looks like he might not get an employer match. Tough life.

[ERhoosier]

I shed NO tears for these major league athletes...or any other top entertainers. They PLAY for a living, and usually in luxurious venues that ordinary taxpayers heavily subsidize.

[Ian S]

Quote:

Originally Posted by ERhoosier I shed NO tears for these major league athletes...or any other top entertainers. They PLAY for a living, and usually in luxurious venues that ordinary taxpayers heavily subsidize.

THANK YOU! Local taxpayers shell out millions to build stadiums, arenas, etc. then after a few years when the team wants something bigger and better, they blackmail the locals into more subsidies to build a new venue by threatening to move. It's a ripoff.

[heeyy_joe]

Well, at least he realized he could afford a haircut.

[Mulligan]

Quote:

Originally Posted by Ian S THANK YOU! Local taxpayers shell out millions to build stadiums, arenas, etc. then after a few years when the team wants something bigger and better, they blackmail the locals into more subsidies to build a new venue by threatening to move. It's a ripoff.

Might be a distinction without difference, but I blame the owners and leagues for this not the players. NFL is the worst though. Hundreds of millions spent on stadiums yet most of their revenue is derived from TV.


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[HFWR]

Take a look at your airline ticket, hotel receipt, rental car receipt, etc. Lots of taxes and fees...

[Mulligan]

Quote:

Originally Posted by HFWR Take a look at your airline ticket, hotel receipt, rental car receipt, etc. Lots of taxes and fees...

That is why they generally don't like to take this things to a public vote as to a certain degree the non interested public subsidizes the smaller fan base. A bit like your tv cable bill if you have it. ESPN is a very expensive channel and is subsidized by the non sport viewers. Sports economics is a very curious model in its self anyways... Viewers complain about high cable bill. Cable company fights with a Fox sports station or other channel broadcasting sports when they demand higher payments. Cable company drops them. Viewers raise hell threaten to cancel and cable company surrenders and pays...Then the monthly bill gets raised to cover the increase rights fees and then customers raise hell about the price increase.


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[aja8888]

I wonder if he actually knows what the 401K deduction is for?