IRS to Tom Brady: Nice Trophy. What's that Worth?

Capitol Confidential ^ | 2/6/2015 | Tom Gantert

[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.

[US_MilitaryRules]

Glad you posted that. What a moron to think they walk out on the field and play like pro’s with no practice or studying. And the game is only 60 minutes? lol I could have swore the game was on for about 4 hours! lol Yes they make a lot of money, but so do other people. Me? I don’t watch very many sports. I taped the SB and watched it in about 45 minutes. Only football game I watched all year. My favorite sport is Supercross and Motocross.

[Gargantua]

Be careful... I was already kicked off a thread for arguing the Patriots' innocence in this.

Frikken imbeciles.

[Gargantua]

"...and Merlin goofing off playing catch with empty Beer Kegs."

An "empty" beer keg weighs about 50-lbs. I'd have paid to watch that!

[edzo4]

Well they can all suck my overinflated balls. But I understand their problem, they have to believe new england cheated the alternative is they just have to accept that their team sucks. Tom Brady has more playoff wins (21) than some teams have playoff wins in their entire existence for example Seattle which has only won 14 playoff games

[Gargantua]

We, as Patriot's fans, have to understand that one-and-a-half decades of absolute domination by an unprecedented perennial powerhouse will elicit both the type of predictable venom that we see from the pitiable fans of lesser teams, and the hard-earned accolades justifiably heaped on our lads by the informed cogniscenti.

We all got a cross to bear...

LMAO!!!! GO PATS!

[dfwgator]

According to Kanye, Brady should have given the trophy to Russell Wilson.