Tuesday, April 16, 2013

You think YOUR taxes are complicated.....?

If you think your taxes are complicated, look at the computations which need to be made by professional athletes playing in multiple states and cities.  With few exceptions, players owe taxes in every state where they play, and additionally in some of the cities in which they play!  A Red Sox player might end up paying 17 different tax bills, including federal & state taxes.  These articles will give you an idea of tax nightmares, from Forbes, the Boston Globe and the Pittsburgh Post-Gazette.