Is mike under any delusion

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problem 1: As to those states that impose an income tax, comment on the following:

a. "Piggyback" approach and possible "decoupling" from this approach.

b. Deductibility of Federal income taxes.

c. Credit for taxes paid to other states.

problem 2: Mike Barr was an outstanding football player in college and expects to be drafted by the NFL in the first few rounds. Mike has let it be known that he would prefer to sign with a club located in Florida, Texas, or Washington. Mike sees no reason why he should have to pay state income tax on his player's salary. Is Mike under any delusions? Explain.

Reference no: EM132793309

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