Karlton Dennis
@karltondennis·1.1M subscribers·2.1K videos
A $3.5 Million Signing Bonus and He Kept Half of It
Posted
September 7, 2026
Views
13,972
Likes
536
Comments
14
Engagement
3.94%
September 7, 2026
13,972
536
14
3.94%
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1:50Now Playing$3.5 million signing bonus. After federal tax, state tax, FICA, and the jock tax, you are taking home about half.
That is the moment most athletes find out the IRS was their biggest business partner the whole time.
When athletes travel to compete they get taxed by every state they earn in. That is the jock tax. But there are options. Qualifying a spouse as a real estate professional allows you to accelerate depreciation, create paper losses, and offset W-2 income. Last year we used exactly this strategy with NFL players and produced significant refunds.
Making money without understanding taxes is filling a bucket with a hole in it.
Comment WEALTH if you are earning over $500K to get a free tax consultation to see how you can grow your wealth while legally paying less in taxes with the Tax Alchemy team.
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