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NFL playoffs: Do state taxes affect your team's chances of winning?

Source: https://foxbusiness.com/money/nfl-playoffs-state-taxes-affect-team-success - Jan 10, 2020

The NFL divisional round playoffs kick off this weekend and if your team didn’t make the cut, you may want to blame its home state’s tax rates.

According to a paper by Matthias Petutschnig of the Vienna University of Economics and Business, there is a “significant negative relation” between an NFL team’s success and the income tax rates in the state that the franchise is located in.

Over a 22-year sample period, teams in high-tax states won an average of 0.2 games less per each percentage point of tax differential every season, Petutschnig concluded.

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Category: General Business