Last Updated: June 18, 2014By Tags: , , ,

As tax season enters full bloom, [John Karaffa, president of ProSport CPA, a Virginia-based firm that represents nearly 300 professional athletes] expects to see an uptick in the number of clients who will consider leaving California. Under a hypothetical calculation, the tax difference for a single professional athlete making roughly $10 million a year between being a resident of California versus Florida is around $800,000 annually.

Read More