Re: Monta Ellis
Read through entire thread to see if anyone mentioned reason besides Kings dysfunction that Ellis opted for Indiana. State Taxes! Indiana's state income tax is FLAT 3.4% of a taxpayers federal adjusted gross income. California State income tax is certainly not flat but graduated up to whopping 13.30% for incomes over $1M plus sock it to 'em hard millionaires additional tax of around $110,000 . Thus Mr. Ellis might have looked at that stark comparison and simply opted to work in a low taxes state (Indiana) instead of outrageously high tax California. Would be saving approximately $170K on his state income taxes annually. Of course if Monta Ellis was employed in any one of the current ten US states with zero state income tax he would have made out even better (Tennessee, Texas, Florida, etc.). Either way, dysfunction, reputation, high tax situation - sadly adds up to strike three for many FAs looking at Kings franchise.