What do you think of Sean Payton moving to Dallas?

Danno · 02-08-2011, 02:39 PM

Originally Posted by AsylumGuido

Scott van Pelt made a great observation on his show today. There are no state taxes in Texas. If he maintains a Texas based home as a primary residence (ie. kids in school and such) his tax savings would be huge.

He still has to pay Louisiana Income Tax due his employer being located in Louisiana.

gocowboysgo · 02-08-2011, 03:03 PM

I doubt he's leaving the Saints anytime soon. Maybe when the Saints championship window closes he leaves for a front office job in Dallas, but the Saints window is a long way from being over,

AsylumGuido · 02-08-2011, 03:50 PM

Originally Posted by Danno

He still has to pay Louisiana Income Tax due his employer being located in Louisiana.

Actually, his employer is incorporated in Texas.

New Orleans Saints Football in Metairie, LA is a private company categorized under Football Clubs. Our records show it was established in 1985 and incorporated in Texas. Current estimates show this company has an annual revenue of $20 to 50 million and employs a staff of approximately 100 to 249.

I would think a loop-hole most likely appears if the corporation you work for is incorporated Texas and your principal residence is Texas. It has been several years since I studied tax law, but there is probably a very defensible precedent.

Danno · 02-08-2011, 03:56 PM

Originally Posted by AsylumGuido

Actually, his employer is incorporated in Texas.

New Orleans Saints Football in Metairie, LA is a private company categorized under Football Clubs. Our records show it was established in 1985 and incorporated in Texas. Current estimates show this company has an annual revenue of $20 to 50 million and employs a staff of approximately 100 to 249.

I would think a loop-hole most likely appears if the corporation you work for is incorporated Texas and your principal residence is Texas. It has been several years since I studied tax law, but there is probably a very defensible precedent.

I read elsewhere that since the check is cut in Louisiana, it counts as Louisiana income. Not sure if thats correct, but its what I read.

AsylumGuido · 02-08-2011, 04:05 PM

Originally Posted by Danno

I read elsewhere that since the check is cut in Louisiana, it counts as Louisiana income. Not sure if thats correct, but its what I read.

Checks can be cut anywhere. Many corporations outsource payroll services. Workers in Colorado, commuting from Wyoming, could be getting paid working for a Michigan firm with payments coming from a California bank on checks generated at a New Jersey human resources firm.

Lots of gray involved.

Beastmode · 02-09-2011, 09:30 PM

Originally Posted by Danno

He still has to pay Louisiana Income Tax due his employer being located in Louisiana.

He also still owns a home in La. I'm not sure about Dallas but here in Houston the property taxes are high. At the end of the day he's not saving any money just creating more expense, especially with flying back and forth. The only thing I can imagine going through his head is that he's positioning himself for the Cowboys position. I think he knows Garrett will have limited success and the job will be his for the taking and a huge salary increase.

Budsdrinker · 02-09-2011, 09:50 PM

Originally Posted by Danno

He still has to pay Louisiana Income Tax due his employer being located in Louisiana.

The property taxes in Texas is higher than Louisiana so actually with the combined taxes it will cost him more of his salary to live in Texas. But it doesn't bother me that he wants to move back to the Dallas area. His family gave Louisana a shot but I guess his wife is more high maintenance than what Mandeville could offer. That golfing community in Dallas is pretty swanky.

Danno · 02-10-2011, 07:20 AM

Originally Posted by Budsdrinker

The property taxes in Texas is higher than Louisiana so actually with the combined taxes it will cost him more of his salary to live in Texas.

Just curious, how much of an increase will his property taxes be, and how much of a decrease will he receive in not paying State taxes?

Budsdrinker · 02-11-2011, 08:31 PM

Originally Posted by Danno

Just curious, how much of an increase will his property taxes be, and how much of a decrease will he receive in not paying State taxes?

Depending on the school district he's in. School district tax is the highest tax on the property tax. Basically it's about 2% of the value of your house. At least it is for us.

View Poll Results: What do you think of Sean Payton making Dallas his home base?
It doesn't bother me.	24	50.00%
It bothers me.	19	39.58%
I'm not sure.	5	10.42%
Voters: 48. You may not vote on this poll

02-08-2011, 02:39 PM	#1
Danno Truth Addict Join Date: Dec 2003 Location: Spanish Fort, AL (via NO and B/R) Posts: 24,750	Originally Posted by AsylumGuido Scott van Pelt made a great observation on his show today. There are no state taxes in Texas. If he maintains a Texas based home as a primary residence (ie. kids in school and such) his tax savings would be huge. He still has to pay Louisiana Income Tax due his employer being located in Louisiana.

02-08-2011, 03:03 PM	#2
gocowboysgo Rookie Join Date: Oct 2010 Posts: 13	I doubt he's leaving the Saints anytime soon. Maybe when the Saints championship window closes he leaves for a front office job in Dallas, but the Saints window is a long way from being over,
gocowboysgo Rookie Join Date: Oct 2010 Posts: 13

02-08-2011, 03:50 PM	#3
AsylumGuido 10000 POST CLUB Join Date: Sep 2007 Location: Bossier City, LA Posts: 26,543	Originally Posted by Danno He still has to pay Louisiana Income Tax due his employer being located in Louisiana. Actually, his employer is incorporated in Texas. New Orleans Saints Football in Metairie, LA is a private company categorized under Football Clubs. Our records show it was established in 1985 and incorporated in Texas. Current estimates show this company has an annual revenue of $20 to 50 million and employs a staff of approximately 100 to 249. I would think a loop-hole most likely appears if the corporation you work for is incorporated Texas and your principal residence is Texas. It has been several years since I studied tax law, but there is probably a very defensible precedent.

02-08-2011, 03:56 PM	#4
Danno Truth Addict Join Date: Dec 2003 Location: Spanish Fort, AL (via NO and B/R) Posts: 24,750	Originally Posted by AsylumGuido Actually, his employer is incorporated in Texas. New Orleans Saints Football in Metairie, LA is a private company categorized under Football Clubs. Our records show it was established in 1985 and incorporated in Texas. Current estimates show this company has an annual revenue of $20 to 50 million and employs a staff of approximately 100 to 249. I would think a loop-hole most likely appears if the corporation you work for is incorporated Texas and your principal residence is Texas. It has been several years since I studied tax law, but there is probably a very defensible precedent. I read elsewhere that since the check is cut in Louisiana, it counts as Louisiana income. Not sure if thats correct, but its what I read.

02-08-2011, 04:05 PM	#5
AsylumGuido 10000 POST CLUB Join Date: Sep 2007 Location: Bossier City, LA Posts: 26,543	Originally Posted by Danno I read elsewhere that since the check is cut in Louisiana, it counts as Louisiana income. Not sure if thats correct, but its what I read. Checks can be cut anywhere. Many corporations outsource payroll services. Workers in Colorado, commuting from Wyoming, could be getting paid working for a Michigan firm with payments coming from a California bank on checks generated at a New Jersey human resources firm. Lots of gray involved.

02-09-2011, 09:30 PM	#6
Beastmode 5000 POSTS! + Join Date: Jul 2010 Posts: 9,126	Originally Posted by Danno He still has to pay Louisiana Income Tax due his employer being located in Louisiana. He also still owns a home in La. I'm not sure about Dallas but here in Houston the property taxes are high. At the end of the day he's not saving any money just creating more expense, especially with flying back and forth. The only thing I can imagine going through his head is that he's positioning himself for the Cowboys position. I think he knows Garrett will have limited success and the job will be his for the taking and a huge salary increase.
Beastmode 5000 POSTS! + Join Date: Jul 2010 Posts: 9,126

02-09-2011, 09:50 PM	#7
Budsdrinker A Cajun Transforming TX Join Date: Jul 2007 Location: The Woodlands, Texas Posts: 2,787	Originally Posted by Danno He still has to pay Louisiana Income Tax due his employer being located in Louisiana. The property taxes in Texas is higher than Louisiana so actually with the combined taxes it will cost him more of his salary to live in Texas. But it doesn't bother me that he wants to move back to the Dallas area. His family gave Louisana a shot but I guess his wife is more high maintenance than what Mandeville could offer. That golfing community in Dallas is pretty swanky.

02-10-2011, 07:20 AM	#8
Danno Truth Addict Join Date: Dec 2003 Location: Spanish Fort, AL (via NO and B/R) Posts: 24,750	Originally Posted by Budsdrinker The property taxes in Texas is higher than Louisiana so actually with the combined taxes it will cost him more of his salary to live in Texas. Just curious, how much of an increase will his property taxes be, and how much of a decrease will he receive in not paying State taxes?

02-11-2011, 08:31 PM	#9
Budsdrinker A Cajun Transforming TX Join Date: Jul 2007 Location: The Woodlands, Texas Posts: 2,787	Originally Posted by Danno Just curious, how much of an increase will his property taxes be, and how much of a decrease will he receive in not paying State taxes? Depending on the school district he's in. School district tax is the highest tax on the property tax. Basically it's about 2% of the value of your house. At least it is for us.