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Kobe - Call me


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2013 Nov 1, 1:48am   2,068 views  4 comments

by control point   ➕follow (0)   💰tip   ignore  

http://espn.go.com/los-angeles/nba/story/_/id/9911541/los-angeles-lakers-paying-kobe-bryant-24-million-lump-sum

So Robert Raiola, a CPA in California, is unaware that Kobe can deduct the California state income taxes paid from his Federal Income.

He says $10.9 million net, a 55% total tax rate. Well by my calculations is $12.2 million net and a 50% total tax rate.

Call me Kobe, I'll split the tax savings with ya.

Comments 1 - 4 of 4        Search these comments

1   HydroCabron   2013 Nov 1, 3:53am  

Wait till the Lakers drop down 4 men on the court.

Thanks, BenghaziCare!

2   dublin hillz   2013 Nov 1, 3:57am  

HydroCabron says

Wait till the Lakers drop down 4 men on the court.


Thanks, BenghaziCare!

Yeah just like when I was at dennys and one person was carrying the food for all them customers. It's almost as of all other employees are now in gulag building the transamerica railway for new passenger high speed rail that will reduce CO2 emmissions assuming that mericans take advantage of this new freedom.

3   RWSGFY   2013 Nov 1, 4:16am  

control point says

So Robert Raiola, a CPA in California, is unaware that Kobe can deduct the California state income taxes paid from his Federal Income.

He says $10.9 million net, a 55% total tax rate. Well by my calculations is $12.2 million net and a 50% total tax rate.

Did you account for AMT?

4   control point   2013 Nov 1, 4:32am  

Straw Man says

Did you account for AMT?

Yes. AMT Fed Tax is $6.8M on 24.3M income. Regular Fed tax owed is $8.3M on $24.3M.

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