Posted on 02/06/2015 1:24:20 PM PST by MichCapCon
Former University of Michigan quarterback Tom Brady recently won his fourth Super Bowl, named MVP, and was rewarded with a lot of gifts. Brady even gave one of them to a teammate. But nothing is free, even when it’s free.
Americans for Tax Reform estimated that Brady’s Super Bowl success will cost him $42,000 just in federal taxes.
Here’s their breakdown:
Brady was awarded a 2015 Chevy Colorado truck valued at $34,000. He pays 39.6 percent of that in income tax or $13,500.
Brady reportedly gave the truck to teammate Malcolm Butler, who made a game-saving interception. That’s another $5,000 for a gift tax. That’s $18,500 in federal taxes on the truck, which was valued at $34,000.
Finally, Brady got a $97,000 check for winning the Super Bowl. That’s also taxed at 39.6 percent, plus he will pay a 3.8 percent Medicare tax. The NFL will pay for half of the Medicare tax, according to Americans for Tax Reform.
ForTheRecord says: While Brady may like his footballs deflated, his tax bill for the game was certainly inflated.
Unless, of course, they're lying about the Patriots. Then, you just suck on it like you do your life partner.
the article mentioned in comment 5. The only ball that was 2 psi under was the ball handled without supervision by the colts.
My electrical engineer friend meets w/ Clients in Cali for a day - goes home to Utah and performs calcs, amends tenative electrical plans for safety, code compliance, etc. and stamps them and e-mails them back.
Lo and Behold ! demands from CA Dept of Revenue he pay them money based on his Cali client-issued 1099.
His accountant and he routinely tell ‘em to go pound sand.
He’s not in jail yet.
(some days I wish he was)
“These guys have to be paid $100 million, just to make $20 million.”
God,the scrimping and saving you would have to do with that abysmal salary. :-)
.
So to look at it only as a 60 min paycheck is extremely shortsighted and unfair.
Somebody’s gotta pay for food stamps and the EIB cards.
Somebody’s gotta pay for food stamps and the EIB cards.
OK, I laughed at that.
It’s still just a game, and they still really only “work” about half the year (in the old days they didn’t make enough and had to do blue-collar jobs part of the year). Then they only can do it for maybe 20 years.
Same way I view just about all athletes.
Must be nice to play around.
You would have to marry a supermodel.
In a free market economy, they are paid whatever the market assesses is their value. Being that these ball players, who have a limited career span, earn billions of dollars for their team owners, networks, and other ventures, and the fact that their mere existence as premier athletes produce tons of revenue indirectly via jobs for regular Joe types, I’d say they earn their money, and don’t begrudge them a penny.
I actually understated the “residency” requirement.
You only need to be “present” in California for 6 months a year to be tax eligible.
And, if you spend one minute of one day there, that counts as a whole day.
So, if you have friends, family, or a sweetheart in California, fly in late Friday, fly out early Monday, that’s four days.
And if you’re making sales calls or consulting, the same rules apply, which might be part of the reason why your friend is being harassed.
Back in the 60’s, my Friends Father ran a Beer Distributorship in Southern California.
He was friends with Merlin Olsen. Merlin would work for him in the Off Season to make some extra money.
Back then the Paychecks weren’t all that big. Merlin needed to make some extra cash.
I still remember watching my Friends Father, a big old dude who also had played College Football, and Merlin goofing off playing catch with empty Beer Kegs.
Merlin was the nicest guy you could ever meet.
Nice try. But an old article doesn’t change the new facts.
From the article you didn’t read :
First, at a press conference last Thursday in Phoenix, NFL vice president of officiating Dean Blandino spilled the beans that the PSI of the 12 Patriots footballs were never recorded by referee Walt Anderson. Blandino said that balls were measured, and if they were under the low threshold of 12.5, they were simply pumped up with some air. So instantly, the report by ESPN’s Chris Mortensen that said 11 of the 12 footballs were a full 2 PSI under the threshold was essentially debunked. How could Mortensen have that information if nobody could have that information? (The answer, of course, is that a source who desperately wanted such misinformation out there gave him the “scoop.”)
Secondly, NFL Network’s Ian Rapoport reported the morning of the Super Bowl that just one of the 11 footballs was 2 PSI under the limit, while the other 10 were “just a tick” under the 12.5 threshold. Rapoport’s report was crucial for a number of reasons. For one, he is paid by the NFL, and so he can’t afford to be wrong. If his report, which makes Roger Goodell’s bloodthirsty office look like a bunch of clowns, turns out to be wrong, how much longer would the league keep him on the payroll? Second, the phrasing of the footballs of being “just a tick” under the limit is at once believable, because that’s how non-technical measurements would be recorded, and also because footballs which were originally inflated near the lower limit would likely lose some air pressure after two hours outside in January.
And the patriots won another Superbowl suck it hater.
Why don’t you go repost Brian Williams story about getting shot down again obviously you believe reposting an old inaccurate article is some kind of proof
Hey did you hear Dan rather has memos that prove George bush wasn’t in the national guard.
That's precisely why he can afford to be wrong. He's paid by the NFL, so his job is to get whatever result the NFL wants.
Of course, the NFL would not mention this until the SB was over, or dominating the news, it was keeping the questionable calls off the front burner.
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