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ODD MAN OUT: Why Coach Kiffin Will Stay

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owlmart said

owlfan1 said

California has the highest state income tax at 13.3%, followed by Hawaii at 11%, Oregon at 9.9%, Minnesota at 9.85%, and Iowa at 8.89%. Saving 13.3% on a $1 million salary is a nice perk of living in Florida.

GO OWLS!!!
Posted On: Nov 22nd 2017, 9:41 AM #373932
Point taken, but conceivably he'd be earning a lot more in California.

Posted On: Nov 22nd 2017, 10:23 AM #373936

To try to keep it apples to apples.  To "NET" $1 mill in Florida he has to make $1.67.  To "NET" $1 mill in CA he has to make $2.128.  Rough estimate.
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One thing no one had discussed is our OC or DC could be offered by a P5 university. No doubt these guys are doing a good job. It maybe in a year but losing them is a high probability at some point. They would probably take over the same job with significantly larger pay. 

FAU - THE REAL SLEEPING GIANT
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illinoisowl said

One thing no one had discussed is our OC or DC could be offered by a P5 university. No doubt these guys are doing a good job. It maybe in a year but losing them is a high probability at some point. They would probably take over the same job with significantly larger pay.

Posted On: Nov 22nd 2017, 10:43 AM #373938

They both have clouds of controversy hanging over their heads.  Don't see them leaving on their own quite yet.  Chris Kiffin is NCAA related; Briles is public perception.  Once cleared how long does C Kiffin need to be at DC before being offered a P5 DC?  This is his first year, has he done enough?

And again, enjoy the day stop worrying about tomorrow.  Success means you will get poached probably.
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Congress Math Maybe said

owlmart said

owlfan1 said

California has the highest state income tax at 13.3%, followed by Hawaii at 11%, Oregon at 9.9%, Minnesota at 9.85%, and Iowa at 8.89%. Saving 13.3% on a $1 million salary is a nice perk of living in Florida.

GO OWLS!!!
Posted On: Nov 22nd 2017, 9:41 AM #373932
Point taken, but conceivably he'd be earning a lot more in California.

Posted On: Nov 22nd 2017, 10:23 AM #373936

To try to keep it apples to apples.  To "NET" $1 mill in Florida he has to make $1.67.  To "NET" $1 mill in CA he has to make $2.128.  Rough estimate.
Posted On: Nov 22nd 2017, 10:39 AM #373937

That's not rough…That's wayyyyy off.  

If you make 1,700,000 in California, you would pay $509,000 in federal taxes and $200,000 in state taxes.
If you make 1,400,000 in Florida, all else equal, you would pay $390,000 in federal taxes



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Maybe said

illinoisowl said

One thing no one had discussed is our OC or DC could be offered by a P5 university. No doubt these guys are doing a good job. It maybe in a year but losing them is a high probability at some point. They would probably take over the same job with significantly larger pay.

Posted On: Nov 22nd 2017, 9:43 AM #373938

They both have clouds of controversy hanging over their heads.  Don't see them leaving on their own quite yet.  Chris Kiffin is NCAA related; Briles is public perception.  Once cleared how long does C Kiffin need to be at DC before being offered a P5 DC?  This is his first year, has he done enough?

And again, enjoy the day stop worrying about tomorrow.  Success means you will get poached probably.
Posted On: Nov 22nd 2017, 9:55 AM #373939

Notice I didn't say NOW. I said maybe in a year.
BTW, register on the board.

FAU - THE REAL SLEEPING GIANT
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Typing slow for Owlmart:

 I said to NET $1 mill

Florida:  Gross $1,667,000 x 40% tax rate = $666,800 in taxes or NET $1,000,0000

CA Gross $2,128,000 x 13% state rate = 276,640
                               x 40% fed tax rate = 852,200
total tax $1,127,840 or NET 1,000,000
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illinoisowl said

One thing no one had discussed is our OC or DC could be offered by a P5 university. No doubt these guys are doing a good job. It maybe in a year but losing them is a high probability at some point. They would probably take over the same job with significantly larger pay. 
Posted On: Nov 22nd 2017, 10:43 AM #373938

I forget who it was, but some of us were talking about that on an earlier thread. I think it's a good chance that those guys could get hired away sooner than later, especially Briles. He isn't nearly as risky as his dad, and his offenses are hot right now. I think he could easily get hired by whoever is the new coach at UF or UCLA. Or Kiffin might even bring him plus the family where he ends up.
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Typing slow for owlmart said

Typing slow for Owlmart:

 I said to NET $1 mill

Florida:  Gross $1,667,000 x 40% tax rate = $666,800 in taxes or NET $1,000,0000

CA Gross $2,128,000 x 13% state rate = 276,640
                               x 40% fed tax rate = 852,200
total tax $1,127,840 or NET 1,000,000
Posted On: Nov 22nd 2017, 1:06 PM #373944

Again.  You are wrong and have no idea how taxes or math works.  If you gross $1,700,000 in California, you NET $1,000,000 (see above for the arithmetic) If you gross $1,400,000 in Florida you NET $1,000,000 (again, see above).  
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owlmart said

Typing slow for owlmart said

Typing slow for Owlmart:

 I said to NET $1 mill

Florida:  Gross $1,667,000 x 40% tax rate = $666,800 in taxes or NET $1,000,0000

CA Gross $2,128,000 x 13% state rate = 276,640
                               x 40% fed tax rate = 852,200
total tax $1,127,840 or NET 1,000,000
Posted On: Nov 22nd 2017, 1:06 PM #373944
Again.  You are wrong and have no idea how taxes or math works.  If you gross $1,700,000 in California, you NET $1,000,000 (see above for the arithmetic) If you gross $1,400,000 in Florida you NET $1,000,000 (again, see above).

Posted On: Nov 22nd 2017, 1:11 PM #373946

Top tax bracket 39.6%.  1,400,000 would be 510,218.6.  which is not netting $1,000,000

1,667,000 would be 615,950 in taxes which would be netting $1,000,000.

If I ever become a millionaire you will have to tell me how to pay 28% in taxes.
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tell us your secret said

owlmart said

Typing slow for owlmart said

Typing slow for Owlmart:

 I said to NET $1 mill

Florida:  Gross $1,667,000 x 40% tax rate = $666,800 in taxes or NET $1,000,0000

CA Gross $2,128,000 x 13% state rate = 276,640
                               x 40% fed tax rate = 852,200
total tax $1,127,840 or NET 1,000,000
Posted On: Nov 22nd 2017, 1:06 PM #373944
Again.  You are wrong and have no idea how taxes or math works.  If you gross $1,700,000 in California, you NET $1,000,000 (see above for the arithmetic) If you gross $1,400,000 in Florida you NET $1,000,000 (again, see above).

Posted On: Nov 22nd 2017, 1:11 PM #373946

Top tax bracket 39.6%.  1,400,000 would be 510,218.6.  which is not netting $1,000,000

1,667,000 would be 615,950 in taxes which would be netting $1,000,000.

If I ever become a millionaire you will have to tell me how to pay 28% in taxes.
Posted On: Nov 22nd 2017, 1:19 PM #373947

Wow, so say people who make under $400,000 pay 35% and those over pay 40%, you really think someone who makes $395,000 nets more than someone who makes $401,000?  Taxes are PROGRESSIVE in the US.  Nobodies effective tax rate is 53% that sounds ridiculous.  You should pay me tuition because your professors failed you.

2016-2017 Tax Brackets | Bankrate.com
State taxes: California

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