Buffalo Bills safety Jordan Poyer has spent the last six years with the Bills, but is on the verge of becoming a Free Agentand says he would love to go to a state that doesnt take half my money.
Its crazy to me how taxes work, he explained on his podcast. Some people will say, oh, youre already making X amount of money where taxes even, no, taxes play a big part in all of our lives.
Poyer isnt the only football player to complain about New York State taxes recently.
When Tyreek Hill left the Kansas City Chiefs and signed with the Miami Dolphins last year, it turned some heads. The deal made the three-time All Pro the leagues highest paid receiver, with a four-year, $120 million contract.
But beyond the deal itself, there was bonus money for Hill. The New York Jets were interested in Hill as well as the Dolphins. But the player revealed that moving to New York would have come with $3.2 million in taxes this year.
It was very close to happening, Hill said about the Jets last year. Just those state taxes man. I had to make a grown-up decision.
By playing in Florida, he didnt have to worry about state and local taxes. And thats putting nearly $3 million additional dollars in his pocket each year, calculates Jared Walczak, vice president of state projects at the Tax Foundation.
Its not just athletes that are looking for refuge from tax bills. Wealthy Americans are migrating to Florida at a rate thats quadruple that of other states. Other popular destinations with no state income tax include Texas (a distant second in the migration list), Tennessee and Nevada.
Thats not lost on other states. At least 27 states that do charge taxes are considering cuts this year, while others including Kansas, Michigan, Minnesota, Vermont, and Wisconsin, are debating exempting some retirement income from being taxed.
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