We are constantly trying to come up with the best ways for a player to get paid. We want to make sure the pay structures are fair to every one. We want to make sure we are paid properly. Our goal is to have the highest paid player on the pitch at any given time and we want the structure to be fair to them. As the player performance metrics are changing and becoming more fair, players are now on more equal footing than ever. From free kicks for corners to penalties for missed tackles or even assists in added time, today’s game is truly a team sport. It also helps when the most marketable player on the field is the one paying the bills. Our goal is to have the highest paid player on the pitch at any given time and we want the structure to be fair to them.
What are the tax relief benefits of your bonuses?
There are many ways in which the bonuses will impact the player. The most obvious is that the higher the level of the bonuses the higher the tax rate. Depending on the bonus level and tax level, the tax benefit from the first level to the final level can range from 16%-39%. There is more to the bonus structure than just the tax benefit; however, the tax benefits and benefits will be the primary drivers of the bonus value.
How can I find the best tax relief in place for my new contract?
The league calculates this on a yearly basis and it can be easily determined once you get to contract negotiation. If there are significant tax differences, then you may want to consider an equal share of bonus splits. This would allow you and your teammates to take advantage of your tax savings.
What is the effect of individual bonuses?
The individual bonuses can be added to the tax benefits or even exceed the tax benefits. That means your tax rate is going to be higher or lower. When you add the individual bonuses to the team bonuses, you will have to factor in the individual value of the bonuses and apply your tax rate accordingly.
What is your opinion on bonus payments over the span of an entire season?
As you pay for a higher level of service or more game time, there is also an increased tax burden. This is a very important consideration because there are a number of important factors for a player to consider.
If you are in need of tax relief assistance, call (888)489-4889 for free consultations.