EPTNBA 2013-14 Season - Page 75
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seiferoth10
3362 Posts
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MassHysteria
United States3678 Posts
And I am a little undecided on this signing still. I mean in a vacuum it isn't bad (when I look at it in a business sense from the Lakers), they show loyalty, etc. And Kobe really is worth that much and more (he also made $3 mil in his first 3 seasons, so for his career he will still make less than deserved). It also solidifies the Lakers brand. By attaching themselves to Kobe's name in emerging Asian/world markets, it is a good move in that sense. As for Kobe, I never blame a player for signing for the most he can. I would not hold that against him. And Kobe brings in more $$ than Duncan and Parker combined so not a good comparison in the pure $$ sense, but I see your point about the salary cap Doraemon. I commend players when they take less to make a better team, but in a way they have been stuck by "the man" and I never really like it. I just don't understand how this all fits into the Lakers' salary-cap plans yet. It might very well be they have a viable plan, it just isn't revealed to us yet. We will have to see how this comes about in the next few seasons. This was definitely not all based on basketball reasons of course. | ||
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Doraemon
Australia14949 Posts
On November 26 2013 10:18 Dogfoodboy16 wrote: What people dont realise is that Kobe is going to be taxed SIXTY PECENT by the state of California. just fyi, no one getting paid that much pays the top income tax bracket EVER. the highest tax bracket here in australia is about 43%, with some simple tricks you can reduce this to ~25% easily, talking from experience. | ||
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Dogfoodboy16
364 Posts
On November 26 2013 10:48 MassHysteria wrote: I am sure Kobe has good accountants that know how to funnel his money so he doesn't end up paying that much in taxes. That's just an argument against the Lakers when it comes to signing players, but the truth is that there are ways around it. There is more than one reason Kobe spends so much on the homeless in LA and other charities. And I am a little undecided on this signing still. I mean in a vacuum it isn't bad (when I look at it in a business sense from the Lakers), they show loyalty, etc. And Kobe really is worth that much and more (he also made $3 mil in his first 3 seasons, so for his career he will still make less than deserved). It also solidifies the Lakers brand. By attaching themselves to Kobe's name in emerging Asian/world markets, it is a good move in that sense. As for Kobe, I never blame a player for signing for the most he can. I would not hold that against him. And Kobe brings in more $$ than Duncan and Parker combined so not a good comparison in the pure $$ sense, but I see your point about the salary cap Doraemon. I commend players when they take less to make a better team, but in a way they have been stuck by "the man" and I never really like it. I just don't understand how this all fits into the Lakers' salary-cap plans yet. It might very well be they have a viable plan, it just isn't revealed to us yet. We will have to see how this comes about in the next few seasons. This was definitely not all based on basketball reasons of course. I just dont understand why people are going after Kobe for not taking a pay cut. He did take a paycut. From 31 million this year to 24 million the next 2 years. Its not his fault their is a cap. | ||
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Jerubaal
United States7684 Posts
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wei2coolman
United States60033 Posts
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icystorage
Jollibee19350 Posts
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Jerubaal
United States7684 Posts
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Doraemon
Australia14949 Posts
On November 26 2013 11:21 Jerubaal wrote: I think that, despite what MSNBC would have you believe, this theory that somehow the plutocracy wave their magic wands and avoid paying tens of millions in taxes, especially for a transparent salary like an athlete, is overblown. transparency doesn't mean anything, it's about redistribution. | ||
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DystopiaX
United States16236 Posts
On November 26 2013 10:53 Dogfoodboy16 wrote: I just dont understand why people are going after Kobe for not taking a pay cut. He did take a paycut. From 31 million this year to 24 million the next 2 years. Its not his fault their is a cap. Because he could have taken even less, like Duncan-esque money. He's not worth 24 mill a year. People are going after Kobe especially because his whole image is based off his competitiveness and how he just wants to win championships, yet a signing like this, that basically prevents the Lakers from fielding a championship-contending team, shows that he isn't really about that. | ||
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Jerubaal
United States7684 Posts
On November 26 2013 11:25 Doraemon wrote: transparency doesn't mean anything, it's about redistribution. Of course it does. If a businessman with fingers in many pies submits a tax return, he may have many different sorts of types of earnings and it might not be easy to track down everything he may be apart of. Kobe's salary is on many websites, clear for all to see. Now that doesn't account for endorsement deals and whatever. | ||
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RowdierBob
Australia13537 Posts
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Jerubaal
United States7684 Posts
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iamho
United States3347 Posts
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usedtocare
United States243 Posts
On November 26 2013 07:54 Dogfoodboy16 wrote: The new owner of the Sacramento Kings was interviewed by 60 Minutes yesterday. Interesting Watch. Starts at 2:20 I was so hoping for Cousins to Celtics but unfortunately that deal fell through. Fuck this new owner! | ||
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Jerubaal
United States7684 Posts
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seiferoth10
3362 Posts
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andrewlt
United States7702 Posts
On November 26 2013 11:25 Doraemon wrote: transparency doesn't mean anything, it's about redistribution. Jerubaal is correct. Tax loopholes happen when businesses have revenues in multiple states or countries, have revenues and expenses where the timing can be fudged or have assets they can write up/down. Even the greatest accountants can't do much with salary from a single employer. Now his endorsements are another thing entirely, since he can negotiate when and how he gets paid. The federal 39.6% rate has to be paid by all players. It's the 13.3% California tax that is extra for players in the state. That tax is deductible from the federal portion to minimize the hit. I'm not quite sure how the AMT plays into it. Of course, local endorsement and business opportunities offset the extra taxes. | ||
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rei
United States3594 Posts
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Jerubaal
United States7684 Posts
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