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Friday, February 15, 2013

Jeff Tedford Highest Paid in California Leaves State for No Tax Reno, Nevada

Jeff Tedford Leaves CA - Does he avoid California's new Millionaire Tax by leaving the state to not work?

I just read that the former University of California Golden Bear head coach, Jeff Tedford, moved to Reno Nevada and is in the process of selling his home in Danville, CA.

Former Cal football coach Jeff Tedford speaks out on his dismissal
Tedford and his wife, Donna, just returned from a 10-day trip to New Zealand. They have moved to Reno and are in the process of selling their home in Danville.
He said he plans to take this next season off, then hopes to coach again.
Tedford's salary of $5M over three years makes him the highest paid person on California's payroll.

Jeff Tedford's Buyout Details
Former Cal football coach Jeff Tedford and the University reached a settlement on the remaining three years of his contract. He’ll receive $5.5 million over the next three years, less if he gets another coaching job that pays him more than $1.5 million per season.
Tedford's "salary" to not work is nearly twice that of the next highest paid employee, From State’s Highest-Paid Employee—an $800,000-a-Year Prison Psychiatrist—Sits Idled by Suspension
The Afghan-educated doctor earned $822,302 in 2011, making him California’s highest-paid state employee.

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