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Taxation Issues for Athletes

Taxation Issues for Athletes. DeLong Grant Law Partners. Direct Taxes. Definition Levied directly on athletes Examples Performance income tax Athletic property tax. Indirect Taxes. Definition Tax imposed on performance rights Tax on athletic property Examples Personal property tax

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Taxation Issues for Athletes

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  1. Taxation Issues for Athletes DeLong Grant Law Partners

  2. Direct Taxes • Definition • Levied directly on athletes • Examples • Performance income tax • Athletic property tax

  3. Indirect Taxes • Definition • Tax imposed on performance rights • Tax on athletic property • Examples • Personal property tax • Sales tax on commission income • Value-added tax on half-time entertainment

  4. Jock Tax • Definition • Income tax imposed on visitors who earn money in other cities or states • Targeted are wealthy, high-profile professional athletes • Examples • Tax on earned income per state/venue • Tax on paid public appearances • Deductions for charity appearances

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