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 Post subject: Re: TANAKA
PostPosted: Fri Jan 24, 2014 5:01 pm 
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Frank Coztansa wrote:
That's now. Taxes in IL don't go down.

He also gets something like $100K a year housing allowance, $35K moving allowance, gets to pick his own translator, and who knows what else. The Cubs, Sox, and other teams dodged a bullet.


In truth, the actual tax consequences of that contract are much more complex than what they show. I just get excited to talk about finance/accounting and sports.

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 Post subject: Re: TANAKA
PostPosted: Fri Jan 24, 2014 5:03 pm 
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I'm sure. I'd get a headache just thinking about it. I guess thats why you have all of those offshore accounts huh?

Still though, its tough for me to feel sorry for a guy who is "only" going to clear $90million over the next 7 years.

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 Post subject: Re: TANAKA
PostPosted: Fri Jan 24, 2014 5:03 pm 
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Dr. Kenneth Noisewater wrote:
http://www.atr.org/yankees-pitcher-lose-over-half-million-a8085

Should have signed with the Cubs. If only he'd contacted a few REALLY. SMART. ACCOUNTANTS.
I believe he only pays NYC income tax if he lives in NYC. If he's willing to live next to Girardi in the suburbs he won't need to.

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 Post subject: Re: TANAKA
PostPosted: Fri Jan 24, 2014 5:09 pm 
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Frank Coztansa wrote:
I'm sure. I'd get a headache just thinking about it. I guess thats why you have all of those offshore accounts huh?

Still though, its tough for me to feel sorry for a guy who is "only" going to clear $90million over the next 7 years.


My wife used to do the taxes for a few NFL guys. With the different states they were playing in and the nexus issues, those returns were like a stack of encyclopedias. MLB would be 2 or 3 times worse with the number of states being played in.

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