Monday, April 11, 2011

1486 - HB 470

House bill 470 in Missouri, a bill that levels the playing field..... sort of. There is a bill in the Missouri house right now that is going to tax non resident professional athletes 2% 'performance' tax and divvy it up among arts councils and various other entities.

It's sort of like a hotel tax on the pro's that come to town to play. Who cares, right? We all know we really don't care when the Millionaires fight with the Billionaires during contract negotiations. But now the B's are going to screw the M's by having their duly bought and paid for reps make a law to tax their earnings. Of course the B's aren't going to have to pay a penny extra. Sounds fair to .... the B's right?

Of course nonresident could mean the home town players too if they don't live here. I'm mean if you're going to screw with the players lets not leave anyone out.

If you want to try and figure out this gobbledygook, give it a shot. Maybe I missread something. HB470

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But if this stuff really doesn't intrest you, you can go look at picture of the Philly naked bike ride.

 

4 comments:

Bilbo said...

"Performance Tax?" How much will underperforming players have to pay ... 1%? Will a player having a great year have to pay more? This whole discussion is too taxing, and makes my head hurt. My wallet, too.

Schmoop said...

That has been brought up here from time to time in Ohio, but has never come to fruition. Cheers Mike!!

Jay said...

There are a lot of states that have a "performance tax." Some states, like NY or Cali it even applies to stand up comics and musical acts who put on shows.

Mike said...

B - Make other people pay for the stuff you want. It's the American way.

MM - Maybe this will fail too.

J - Or maybe it's time for payback.