Source: Harbaugh Chargers Contract—16 Million per yeat
January 30th, 2024 at 11:11 PM ^
man that must be nice.
January 30th, 2024 at 11:21 PM ^
A handsome reward for all the blood, yeat, and tears.
January 30th, 2024 at 11:33 PM ^
Cali taxes will halve that. 8 mil take home still isn't bad tho lol
January 30th, 2024 at 11:49 PM ^
California taxes aren’t as bad as their reputation. Yes, the marginal income tax is high and the sales tax is high, and come to think of it, the gas taxes are high… What was I saying? Oh yeah, the property taxes aren’t too bad. My house in California is worth 4x more than my mom’s house in Michigan, but she pays higher property taxes.
January 31st, 2024 at 12:37 AM ^
lol... "my total tax burden is twice his, but at least the property tax portion is low!" ...
January 31st, 2024 at 9:07 AM ^
Anyone who laughs at property taxes must not live in Chicago. It's a good chunk of my tax burden.
January 31st, 2024 at 9:35 AM ^
Chicago is a "good chunk" of the entire state of Illinois tax burden.
February 1st, 2024 at 6:37 AM ^
Huge net outflow of taxes from Chicago / suburbs to subsidize the rest of the state. South / West Illinois are huge leeches of our Chicago taxes. Property taxes are rough, but for anyone making over $200k, you’re far happier with the 5% income tax. NY gets boned on both ends.
January 31st, 2024 at 9:36 AM ^
Well in that case, I'm here to make Chicagoans feel better. NYC suburb here, not living in a mansion by any stretch: 45k per year in property taxes. I just got nauseous typing that.
January 31st, 2024 at 10:25 AM ^
Wait. Did I read that right? Your property tax bill is $45K a year? Forty-five thousand dollars? Every year? For a non-mansion in the burbs?
January 31st, 2024 at 11:07 AM ^
Daaaaayum. I have a house with two acres outside of Tampa and I pay a 9th of that. Plus no state income taxes.
January 31st, 2024 at 11:36 AM ^
January 31st, 2024 at 12:09 PM ^
I have a condo in Hawaii and I pay about 1/8 of that.
January 31st, 2024 at 3:46 PM ^
Hawaii has no snow to clean up?
January 31st, 2024 at 11:55 AM ^
It KILLS me that it's the case. 45 fucking K a year. Just in property taxes. Only about 3,500 sq ft, half an acre. This is common here. I'm thinking about moving back to Michigan but A2 is routinely 25k a year in taxes too now. Crazy.
January 31st, 2024 at 12:40 PM ^
So, you move to Michigan and give the $20K in savings to our NIL fund. Sounds like win-win to me!
January 31st, 2024 at 2:29 PM ^
Even a little bit outside Ann Arbor it's nothing like that. My ~$400,000 home (3200 sq ft, 3 acres, 60 years old) does about $3800 a year in property taxes just outside Saline. I'm a 15 minute drive from Briarwood, 20 minutes to downtown.
Yes, A^2 is insane, just not as batshit crazy as Chicago.
January 31st, 2024 at 3:48 PM ^
We have a 2700 sq ft 3 bedroom house on a standard Chicago lot (I'm looking in my neighbor's windows as we speak) and we pay around $25,000/year.
January 31st, 2024 at 11:07 AM ^
And if you work in the city, you have to pay city tax, too. Chicago isn't that high, but it's close.
January 31st, 2024 at 3:51 PM ^
Pro-tip: go to Afghanistan and get blown up. No more property tax.
January 31st, 2024 at 12:48 AM ^
LOL...only 12.3% after 698K. Add federal, state and Medicare and more than half his income goes to taxes.
JH may be taking deferred compensation and will be in a more tax friendly state down the road. Some of that income may be put into certain retirement plans but funding amounts there are limited to about 300K annually.
He will be paying dearly for the sunshine.
January 31st, 2024 at 6:52 AM ^
Let’s be honest though. January in Michigan is the absolute best time to lure someone to live in southern California.
This is why I propose that all contract negotiations for Michigan coaching positions should take place in July in Traverse City.
January 31st, 2024 at 4:04 AM ^
California is awful because of human instituted and mandated things like this.
January 31st, 2024 at 7:34 AM ^
California is actually pretty awesome in a ton of ways, PARTICULARLY if you have money
January 31st, 2024 at 5:51 AM ^
According to this, Michigan has the 5th lowest state-local tax burden of states and California the 5th highest. My guess is both Ann Arbor and Los Angeles would be above their state averages with property taxes which are included.
8.6% vs 13.5% on average.
January 31st, 2024 at 7:10 AM ^
Maybe Spanos whispered to Harbaugh that he plans to move the team to Oklahoma (tax burden ranking #10). Rename the team the Gamblers and hire Jerry Argovitz to be the GM.
January 31st, 2024 at 8:46 AM ^
And from what I understand, no state inheritance tax. With money like that, it makes a difference.
January 31st, 2024 at 10:17 AM ^
Yes they are and I have lived here my whole life and own a business. Only way to not get hosed is to die the Otani tax approach.
January 31st, 2024 at 1:05 PM ^
Skirt! Skirt!
Oh, You cappin'!
January 31st, 2024 at 5:35 PM ^
You would think with the tax revenue that California brings in they would use some of that to make sure their roads are in tip top shape for when you need to evacuate due to annual cataclysmic wildfires.
January 31st, 2024 at 12:12 AM ^
Sounds like you’ve been watching too much Fox News. California taxes are higher than average but not nearly as high as you think, especially when you factor in that wages are higher than in most every other state.
January 31st, 2024 at 12:16 AM ^
Housing costs are also much higher.
January 31st, 2024 at 12:26 AM ^
Much higher? Try way more fucking higher.
A nice house in say Birmingham, Michigan might go for what these days?
4 br, 2 ba, 2,000 sf is what, anywhere from 500k to a million depending on the condition of the house?
That same house in SoCal is 2 to 3 million. It's expensive as fuck out here.
January 31st, 2024 at 12:30 AM ^
Birmingham is much higher than that.3000 square houses can go for $4 million.
January 31st, 2024 at 12:34 AM ^
Hmm, I've been gone a long time. In that case that same house can be double that out here.
January 31st, 2024 at 12:42 AM ^
Oakland County is our Orange County. Well that and the lakeside towns from Traverse City area on up.
January 31st, 2024 at 11:24 AM ^
Most of Orange County is way less expensive than the west side in LA. Plus, its Orange County, where they roll up the sidewalks by 8:00pm, and there are like 2 flights a day from John Wayne so travel can be painful.
I doubt that 3,000 feet in Oakland County costs anywhere near the $2,000/ft you pay in LA's better neighborhoods for "turnkey" tear downs where it's probably more cost effective to just scrape the house (leaving one wall up to try and minimize reassessment for tax purposes) and start over than it is to remodel.
Every time I return to MI, I double take when reviewing any receipt. It's so much cheaper in MI for everything that I feel like I'm stealing, and I question my life choices.
January 31st, 2024 at 8:42 AM ^
That would be an exceptional house in Birmingham. On average they go for around $400 a square foot. Really high for Michigan but way less than the California prices being stated.
Overall though, even if Jim is "only" taking home $8 million a year after taxes, what does it really matter? And thats on top of all the other money he made as a pro QB and then a high level coach at Stanford, SanFran and Michigan. I would think money and taxes are the least of his worries.
January 31st, 2024 at 11:02 AM ^
Sal, that's not accurate.
On the nicest streets, houses are going for $400-800 per square foot, depending on a variety of factors. The higher end ($600-800 per sq ft) would be very large (6K sq ft or larger) brand new custom homes.
Maybe there are some condos going for $1,000 per square foot or more...but not any single family homes.
January 31st, 2024 at 12:54 PM ^
Birmingham here, housing costs vary extremely from $350k-$10mm and everything in between
January 31st, 2024 at 1:05 AM ^
That house is 300k in Georgia.
January 31st, 2024 at 2:59 AM ^
85k in Ohio
January 31st, 2024 at 5:33 AM ^
Yeah but what is the lot rent?
January 31st, 2024 at 8:27 AM ^
Nothing when you sleep in your cab.
January 31st, 2024 at 2:42 PM ^
400 if you keep the wheels on
January 31st, 2024 at 7:39 AM ^
Leaves more money to pay the football team
January 31st, 2024 at 11:13 AM ^
$400K where I'm at.
But 85 is a funny joke.