Super Bowl players bank extra cash thanks to low Texas taxes
Players in the Super Bowl get a break on taxes since the game was in Houston this year. Since people pay taxes not just where they live, but also where they work, the players must pay in the state where the game is played. Since Texas has no income tax, they’ll get a break this year. Last year, high taxes in California meant players forked over massive amounts to the state.
What’s that mean for each player’s bank account? The NFL pays every player on the Patriots $107,000. The Falcons will get checks for $53,000. They won’t pay any state income tax on that. By comparison, last year’s Super Bowl was in the Bay Area, and players paid California’s 13.3% state income tax on their Super Bowl paychecks.
Governor wants to show you the money
Governor Greg Abbott’s office proposes growing its Texas incentives funds by almost $200 million. The money would go to provide incentives for companies that relocate to the Lone Star State; $40 million for the governor’s university research initiative, which is used to recruit university faculty; and $56 million for film and video game marketing.
Diabetes has become one of America’s most expensive diseases
In terms of personal health care spending, diabetes tops the nation’s list of 155 chronic conditions, hitting $101.4 billion in 2013. According to the American Diabetes Association, average medical expenditures for people with diabetes are an estimated 2.3 times higher than for those without it. The cost of insulin has soared in the past 20 years as well.
Changes wanted on travel restrictions
Several technology companies plan to send a letter to President Donald Trump, urging his administration to follow through on proposed changes to a travel ban on seven mainly Muslim nations. The tech companies expected to sign the letter include Apple, Facebook, Google, Twitter, Microsoft and Yahoo. Read more...
Google has a setback in court
A judge reportedly ruled Friday that Google has to comply with an FBI search warrant seeking customer emails stored on a foreign server. That goes counter to a ruling last year in which a federal appeals court said Microsoft did not have to hand over data stored on its servers in Ireland. The FBI warrant in question stems from a domestic fraud investigation, according to Reuters.