The Seahawks may REGRET winning the Super Bowl because of THIS
From Glenn Beck
Winning the Super Bowl can come with unexpected financial consequences for players, especially when the game is held in California, where the state taxes not just the game earnings but also a portion of the players' entire season salaries based on their time spent in the state. This taxation policy has led some players to effectively lose money on their Super Bowl victory, raising questions about the implications of where the championship is held and players' influence over these decisions.
Key Takeaways
- California's 'jock tax' turns Super Bowl glory into financial folly, proving winning isn't everything if taxes bite back.
- When income is taxed based on presence, existence becomes taxable—a slippery slope to economic exodus.
- High taxes can push athletes away; motivation isn't solely money, but the freedom to keep what they earn.
- Historical patterns show that over-taxation leads to capital flight—California's six-year population decline is a stark reminder.
- If wealth leaves due to oppressive taxes, who remains to pay the bills? A lesson from history we seem to forget.
Mentioned in This Episode
- California (location)
- Valero (company)
- Los Angeles (location)
- New York City, New York (location)
- Clard and Piv (concept)
- Rush Limbaugh (person)
- Sean Hannity (person)