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There are numerous benefits to being a professional athlete, including the financial windfall that players receive. The reality of earning a large salary, however, means that you are in a high tax bracket. Athletes are often amazed by how much money the government takes directly from their paycheck. In today's complicated structure, it is vital to have experts overseeing an athlete's finances to protect him to the fullest extent.
At PMC, we have the top accountants in the country overseeing our client's finances. They are specialized in handling high net worth individuals and provide superior service on all taxation and estate planning matters. They stay abreast of the constantly evolving laws and search for ways to minimize your tax burden and maximize your overall net worth. It is our job to know and understand the different tax and estate planning codes in every city, state and country. Establishing residency in certain areas can save an individual significant taxable dollars as well as decisions regarding owning vs. renting property. At PMC we realize the weight of these decisions and how they will impact on our clients. PMC not only fights to get you the highest salary, we also work to make sure you keep that money.
For our clients playing overseas, the ultimate tax plan is to have the club pay all of a player's personal income taxes. While this is not possible in the U.S., it is something that can be negotiated for in Europe. We have secured tax-free deals for clients playing in Europe in the past, and we stress the importance of this clause with all European teams. We also secure homes and automobiles at the expense of the club for our clients in Europe. This allows all our clients to retain their entire gross pay from their salaries. |
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