*Breaking Down NFL Contracts: How Much Goes to Uncle Sam* NFL contracts may look massive, but players don’t take home the full amount. Here’s a breakdown of where the money actually goes: 1️⃣ Federal Taxes – The IRS takes up to 37% of earnings for top-bracket players. 2️⃣ State Taxes – Varies by location. Players in states like Texas and Florida pay 0%, while California charges up to 13.3%. 3️⃣ Agent Fees – Typically 1-3% of the contract. 4️⃣ NFLPA Dues – Around $15,000 per year for union membership. 5️⃣ 401(k) & Benefits – Players can contribute to retirement plans, with the NFL offering generous matching. 6️⃣ Jock Tax – Players pay taxes in every state they play in during the season. When it’s all said and done, a player earning a $10 million contract might only take home $4-5 million after taxes and fees! #nflcontracts #moneymatters #unclesam #taxes #nflbusiness #nflmoney #athletefinance #showmethemoney