A look at the tax implications of each of Dwight Howard’s options
Forbes had a great analysis of this topic some weeks ago, but here’s another one I saw tweeted by Darren Rovell last night, in chart form. It was created by CPA Robert A. Raiola.
the tax implications of each of Howard's options
Raiola concludes that with a jock tax of approximately $536,550/year, after factoring in the state tax distinction, Howard would be left with a net of almost $12.6 million for each of four years, if joining the Houston Rockets. “That’s a gain for Howard of $653,340 of net income, each year, even on a much lower annual salary.”
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