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Taxes and Bo's Settlement

mokrycki76

Senior
Gold Member
Oct 15, 2004
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Any tax accountants out there. With 128,000 a month being paid to Bo monthly, does he pay Nebraska taxes on that amount or does he escape Nebraska taxes and have to pay Ohio taxes. If he were working in the state I understand he would have to pay the Nebraska tax, but as part of a settlement not sure how that would work. His monthly state taxes would be 8600 (married and 4 exemptions). Federal tax would be 45,369. Ohio taxes would be 7166/monthly. No social security (he maxed out that area after one month of wages.
 
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