Tonight, LeBron announces his decision. My bet? Miami, for two reasons:
It’s indicated that Chris Bosh is going there, and also that Bosh wanted to play with LeBron. My guess is that LeBron indicated he’d announce he’ll go there, but wanted Bosh to keep it hush hush. When LeBron announces it, so will Bosh.
The second reason? Taxes. It’s mentioned that LeBron will have to settle for $16.56 million per year in Miami, $1million less than NY, but NYC and NYS have crushing taxes, likely to be 15% combined in 2011. Why pay that? Like when Tiger Woods(and many other golfers & tennis players) who move to Florida when they go pro, it’s a big incentive. And endorsements make taxes even greater. Just a hunch, but we’ll soon know. Here are the states without income taxes… Nine states have no state income tax: Alaska, Florida, Nevada, South Dakota, Texas, Washington and Wyoming. The states of New Hampshire and Tennessee tax their residents only on income earned through interest and dividends. However, as this article shows, states are getting their cut. Unreal. Still, half home games, some in Texas and Washington help cut down the bite.