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07-08-2010, 04:53 PM
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#1
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Just another Facist
Join Date: Mar 2002
Location: Now in Houston
Posts: 52,860
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Lebron and the 12 million in taxes
He is a damn fool if he doesn't go to Miami
http://www.businessandmedia.org/arti...708120415.aspx
“If LeBron James goes to the Miami Heat instead of the [New York] Knicks, blame our dysfunctional lawmakers in Albany, who have saddled top-earning New Yorkers with the highest state and city income taxes in the nation, soon to be 12.85 percent on top of the IRS bite,” the Post said.
The tax savings for James in Miami over New York City would be staggering, according to the Post’s analysis.
“On a five-year contract worth $96 million -- what he'd get from the Knicks or the Heat -- LeBron would pay $12.34 million in New York taxes.” Florida has no state income tax.
New Jersey and Ohio, the other reported frontrunners to attract James, also have state income taxes, but they are not as his as in New York. Based on a $96 million contract, James would pay $5.69 million in state taxes if he re-signed with the Cleveland Cavaliers. If he signed with the New Jersey Nets, James would pay $10.32 million in state taxes."
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07-08-2010, 05:35 PM
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#2
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Join Date: Mar 2001
Location: Reno, NV
Posts: 16,931
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Can't you guys get the city to make a deal?
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07-08-2010, 06:13 PM
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#3
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Registered User
Join Date: Apr 2005
Location: melbourne fl
Posts: 479
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I can't believe he has a one-hour special just to tell us what team he goes to--maybe in the fall we can do this for Brett Favre --one hour to tell us if he is playing...I will not be watching....my money is on him staying in Cleveland -if he wants the championship he has to go with Miami.......
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07-08-2010, 06:42 PM
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#4
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intus habes, quem poscis
Join Date: Jan 2004
Location: Brooklyn NY
Posts: 9,776
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Quote:
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Originally Posted by Fwizard
I can't believe he has a one-hour special just to tell us what team he goes to--maybe in the fall we can do this for Brett Favre --one hour to tell us if he is playing...I will not be watching....my money is on him staying in Cleveland -if he wants the championship he has to go with Miami.......
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I think it's pretty cool what he's doing and the NBA has got to love it. Prime time coverage during an otherwise nonexistant time of year for them. He's also having the revenues generated by the show going to the Boys and Girls Club, so I call this a winner all the way around.
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07-08-2010, 07:11 PM
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#5
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Registered User
Join Date: May 2005
Posts: 2,394
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Quote:
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Originally Posted by JustRalph
He is a damn fool if he doesn't go to Miami
http://www.businessandmedia.org/arti...708120415.aspx
“If LeBron James goes to the Miami Heat instead of the [New York] Knicks, blame our dysfunctional lawmakers in Albany, who have saddled top-earning New Yorkers with the highest state and city income taxes in the nation, soon to be 12.85 percent on top of the IRS bite,” the Post said.
The tax savings for James in Miami over New York City would be staggering, according to the Post’s analysis.
“On a five-year contract worth $96 million -- what he'd get from the Knicks or the Heat -- LeBron would pay $12.34 million in New York taxes.” Florida has no state income tax.
New Jersey and Ohio, the other reported frontrunners to attract James, also have state income taxes, but they are not as his as in New York. Based on a $96 million contract, James would pay $5.69 million in state taxes if he re-signed with the Cleveland Cavaliers. If he signed with the New Jersey Nets, James would pay $10.32 million in state taxes." |
Just think how patriotic he would look though. rbj
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07-08-2010, 08:01 PM
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#6
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Registered User
Join Date: Apr 2006
Location: Bird Rock
Posts: 16,697
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His potential Pops wants $4Mil. For what you might ask.
LeBron James sued for $4 million by Leicester Bryce Stovell who claims to be his father
Read more: http://www.nydailynews.com/gossip/20...#ixzz0t8eeIgJ4
It's Miami.
Last edited by bigmack; 07-08-2010 at 08:15 PM.
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07-08-2010, 08:55 PM
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#7
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Registered User
Join Date: Dec 2001
Posts: 6,128
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The taxes might be greater, but he gets a huge bonus from Nike if he goes to New York. (But he might get a pretty good one for going to Miami as well.)
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07-08-2010, 09:28 PM
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#8
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Registered User
Join Date: Apr 2006
Location: Bird Rock
Posts: 16,697
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James will announce his future NBA plans within the first 10 minutes of the 9 p.m. ET special, ESPN said. 
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07-08-2010, 09:35 PM
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#9
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Veteran
Join Date: Apr 2009
Posts: 9,908
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Miami according to Yahoo.
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07-08-2010, 10:21 PM
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#10
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Registered User
Join Date: Aug 2005
Location: On The Bay
Posts: 9,857
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Quote:
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Originally Posted by andymays
Miami according to Yahoo.
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He ranks right up there with Lindsay Lohan and Paris Hilton etc....
Earning $$$$$$$$$$$$$$$$$$$$ for doing no more than being an entertainer, while good hard working folks go to work every day and hope to make ends meet.
To those of you who support this foolishness; have fun !!
I would suggest that you take every single $ you would spend on attending a pro sports event and put t in an account for your children.
__________________
I wouldn't say I drink too much but my mother did tell me that my first words were" when does happy hour start"?
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07-08-2010, 10:26 PM
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#11
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Registered User
Join Date: Jan 2007
Posts: 18,962
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Insane Payments for Entertainment Bucks.
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Originally Posted by cj's dad
He ranks right up there with Lindsay Lohan and Paris Hilton etc....
Earning $$$$$$$$$$$$$$$$$$$$ for doing no more than being an entertainer, while good hard working folks go to work every day and hope to make ends meet.
To those of you who support this foolishness; have fun !!
I would suggest that you take every single $ you would spend on attending a pro sports event and put t in an account for your children.
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 Well said. Many of us can't go the games of any pro sports group. You'll find that Corporate Sponsors buy a lot of the tickets and occasionally pass one along. I'd rather watch kids and adult amateurs.
Yes. The pros have honed their skills to amazing levels.
But it makes me want to puke when I read that a top athlete or a female sitting on a couch interviewing people is making more in 1 hour than most of us make in a year.
I call it insanity.
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07-08-2010, 10:42 PM
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#12
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Veteran
Join Date: Oct 2009
Posts: 25,607
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Quote:
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Originally Posted by Greyfox
Well said. Many of us can't go the games of any pro sports group. You'll find that Corporate Sponsors buy a lot of the tickets and occasionally pass one along. I'd rather watch kids and adult amateurs.
Yes. The pros have honed their skills to amazing levels.
But it makes me want to puke when I read that a top athlete or a female sitting on a couch interviewing people is making more in 1 hour than most of us make in a year.
I call it insanity.
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Yes, but the problem with your logic is that you know in advance which jobs in our society pay a lot and which ones pay a little in the beginning. Its not like they spring it on you at the last second. There is always going to be jobs out there that pay a bundle and jobs that pay peanuts. You know this in advance.
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07-09-2010, 12:40 AM
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#13
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Registered User
Join Date: Jan 2007
Posts: 18,962
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Brains > Braun.
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Originally Posted by Stillriledup
Yes, but the problem with your logic is that you know in advance which jobs in our society pay a lot and which ones pay a little in the beginning. Its not like they spring it on you at the last second. There is always going to be jobs out there that pay a bundle and jobs that pay peanuts. You know this in advance.
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What you say is true, but there is nothing faulty with my logic.
Knowing that a 6'8" braun makes umpteen countless millions while a 5'10" brain surgeon makes $ 600,000 seems that a society that perpetrates that has faulty logic.
In my meritocracy, brains would have more value than braun.
That doesn't mean that I don't enjoy athleticism as much as the next guy.
Oh, I suppose there's always Bill Gates who has demonstrated that a guy with brains being in the right place at the right time can make it. But in general,
people won't fawn over Gates like they do over most rock idols and sports "stars." In general, society throws more money at braun than brains.
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07-09-2010, 06:14 AM
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#15
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Veteran
Join Date: Aug 2005
Posts: 1,399
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Verry Funny:: Kenny_Mayne
Miami Jai-Alai upstaged yet again.
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