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Message: [QUOTE="Alsacs, post: 1081428, member: 652"] Not sure ANY ACCOUNTANT CAN CHANGE THIS. As a resident of New York City, Anthony would pay a top state tax rate of 8.82% and an additional 3.876% NYC tax on all of his contract earnings. That’s over 12.6% in state and city tax Anthony will pay on a $129 million deal, shaving over $16.25 million off the top and reducing the pre-federal tax value of the max contract to $112.75 million. Of course, Anthony’s estimated annual endorsement earnings of $8 million would also be subject to this 12.6% state and city tax. Take 12.6% for state and city taxes, and returning to NY would net Anthony $87.4 million before federal taxes without the Bush tax breaks would reduce the 87.4 million down to 69 million after the federal government got their cut. My point is these athletes probably gross half of whatever they sign for because of taxes unless they sign in Florida or Texas. [/QUOTE]