Former Jet wins big on taxes with his trade to Tampa Bay

04/26/2013 | AccountingWEB

Being traded to the Tampa Bay Bucs is the best thing, financially, that could have happened to New York Jets cornerback Darrelle Revis. In New Jersey, he would have to pay 8.97% of his $16 million salary, or $1,435,000, in state income tax. In Florida, all he has to worry about is the jock tax -- a percentage of a player's salary based on the games played in the states that levy this tax -- which will be approximately $89,600.

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