Jock Tax

Jock Tax

Did you know as a NFLPA Registered Player Financial Advisor I help my NFL and NBA clients with the "Jock Tax"?

What is the Jock Tax? Professional athletes have one of the most complex tax returns because they are required to pay income taxes in every state and city that levies them where they earned a salary during away games. The "jock tax" enforcement began with California taxing Michael Jordan when the Chicago Bulls beat the Los Angeles Lakers in the 1991 NBA Finals. Athletes are generally going to have the attention focused on them because all of the information is so readily available and public information, taxing authorities can go to the team's Web site and see who played in what games and where the games were played.