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thelazygent

thelazygent
Membre depuis
7 juill. 2016
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Rangers de New York
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Forum: Armchair-GM3 mai 2017 à 16 h 46
Sujet: Rebuild
Forum: Armchair-GM12 févr. 2017 à 18 h 55
I'm not an expert on Canadian tax law. All I know is that Canadian teams have trouble getting FAs to sign there with the health care and federal and state income tax Not sure about the whole Canadian tax law which bridges taxes for entertainers. I cant comment on it as i don't know as far as Canadian tax law goes. You never mentioned that that was a Canadian tax law.

1. You never made a trade with Tavares? Here you go (<a href="https://www.capfriendly.com/armchair-gm/team/220082">https://www.capfriendly.com/armchair-gm/team/220082</a>) You either have short term memory loss or probably are such a good pathological liar that you actually convinced your self that you didn't make a trade of Tavares to the Rangers.
2. You said " As you know entertainers, and pro athletes are incorporated. Their "tax rate" has little bearing on what a personal rate for ordinary working folks, who must use most of of their take home pay to work" I and many other normal people would interpret that to mean that as only a ordinary working folk has the need to max his salary.
3. In America, high earning people can put there earnings in a corporation if they are considered a independent contractor where they are not on payroll, don't receive a W-2, and receive a 1099 MISC. Broadcasters and Actors can do this, because their jobs are not year round (only 9 months) and considered an independent contractor like a mercenary. Athletes can not. High earning people that have a practice like Doctors, CPAs, etc can set up a corporation as well. Athletes are employees. Unless its a Canadian thing or fraudulent activity, which I cant comment on, you are wrong on the tax discussion.

Stick to making unrealistic trade proposals.

And please tell me more about how I am lazy and stupid.
Forum: Armchair-GM8 févr. 2017 à 13 h 57
In the previous post, you didn’t explain what you meant by incorporated in your post. You didn’t explain it very well and I didn’t know how it related to the point you were talking about. I have plenty of knowledge of sports and athletes. I have done a couple NHL athletes and our best client is a highly paid player on the Wild. I won’t name his name for confidentiality reasons.

If you are referring to an actor or broadcaster setting up a corporation who receives 1099-Misc, I can assure you the reason why they set up as an S-Corp is for convenience. Athletes cannot incorporate a business, because they are an employee and not an independent contractor like an actor or broadcaster. Even if they could, there is no significant tax differences in top athletes who don’t spend all their money. Incorporations are taxed on the money they EARN. They are not taxed on how much money they don’t spend. That’s the most absurd thing I have ever heard. They are taxed on how much they earn even if they don’t distribute it to themselves. S-Corps and partnerships are flow through entities meaning their income % flows to their individual tax return. Their bottom lines goes to their 1040 even if they don’t distribute that money from the company to themselves.

The reason why Donald Trump didn’t pay any federal taxes is because he had a Net Operating Loss carry forward. He business lost money and you can carry that forward to offset against future earnings. You should not have to pay taxes if your business doesn’t make money. Period. But your probably one of those socialist idiots that were outraged when you heard he didn’t pay federal taxes while not knowing a damn think about the tax laws.

You probably misunderstood him. He probably said he made an investment company in a state with no state tax for himself and put his money that he earned via his career in the business. That money would be subject to only federal tax.

You said in the previous post that an athlete doesn’t care about maxing salary compared to an ordinary person, because an ordinary person needs to makes end meet. So I fairly said that athletes want to max out their net earnings like any human being.

I think you live in LaLa land. You made a team with the Islanders trading Tavares to the Rangers, which would never happen even it was fair value. A team will never trade to their rival. End of discussion and to think you may think it could proves you are clueless. You thought that Girardi had a NMC when in fact on July 1st it becomes a Limited NTC. You were wrong. You are wrong on the tax discussion.
Forum: Armchair-GM7 févr. 2017 à 16 h 16
Forum: Armchair-GM7 févr. 2017 à 16 h 2
<div class="quote"><div class="quote_t">Quoting: <b>palhal</b></div><div><i>Lazygent is appropriate. As you know entertainers, and pro athletes are incorporated. Their "tax rate" has little bearing on what a personal rate for ordinary working folks, who must use most of of their take home pay to work
The five guys I was talking was Fowler, Bieska, Stoner, Holzer (I forget the other). I wasn't using RFAs as the "five"
I don't mind being called a liar, but man are you stupid, lazy or a liar? I can't figure it out.
Yes, I like knowing the truth, but obviously I can't get from an minion like you.</i></div></div>

As a CPA in the state of NJ who once worked for "Sports Taxman", I know a little about the effect of changing sports teams has on an athletes wallet. Not sure what you mean by incorporated. The Steven Stamkos signing in TB rather than Tor is a huge example of that. Tor would have to have offered him 10m + to match the 8.5m he got in Tampa. What does ordinary working folk have to do with an athlete? We are all human beings that want to make the most money possible. Most athletes only have 5-10 years in this profession to make money.


Its clear you didn't look at ANA cap chart (<a href="https://www.capfriendly.com/teams/ducks">https://www.capfriendly.com/teams/ducks</a>). The UFA Dmen expiring in two years are Fowler, Bieska, and Stoner. Holzer is expiring after this season. Bieska will be addition by subtraction and Holzer plays 14 min a night (hardly a big lost). Stoner isn't good. Fowler would be a big lost, but I have a feeling they will extend him.

You were wrong on the Girardi NMC, because it becomes a Limited NTC after this season.
You try to say that only an ordinary working person cares about maxing his net salary. That makes no sense. Athletes are human beings too believe it or not.
You incorrectly state that 5 UFA Dmen are leaving in two years, when the cap chart proves there are only three. Only one of which is would be a significant lost.

Im not calling you a liar. Im calling you someone that doesn't know what they are talking about.
Forum: Armchair-GM5 févr. 2017 à 13 h 19