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Reply to "MLB Draft - Signing Bonus"

bacdorslider posted:
4T2 posted:

I would love to have to worry about how it gets taxed...

-42

I used to think the same thing... but when it happens it's no fun

...or when it is not taxed:  no fun.

Son certainly didn't get a multi-million bonus, but what he did get was not taxed at the state level.  I did a quick calculation, printed off a state tax payment coupon, and had to ask son for a HUGE check to cover state taxes.  He was not pleased.  Oh, to be thrown in to adulthood!  

 

Last edited by keewart
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