An example of just how screwed up taxes can be...Football fact!

You know, it would have been better if you simply had admitted that you had been mistaken. You would have saved alot of face. But now, you are officially on the list of idiots like Rdean, Truthmatters, and National Socialist.


Agent's Take: A guide to NFL postseason pay - CBSSports.com

Peyton Manning will see a big reduction in his per-game pay in the playoffs.

Compensation for players in the playoffs is much different than it is during the regular season. Playoff money comes from a league pool instead of from NFL teams. There is a specific amount for each playoff round where each eligible player gets paid the same.

Most players take a significant paycut in the playoffs because their salaries have no bearing on what they make in the postseason. Players typically receive their entire salary over the course of the 17-week regular season. For example, Peyton Manning made almost $900,000 per week during the regular season from his $15 million base salary but will receive $23,000 for the Denver Broncos' divisional playoff game, just like the rest of his teammates.

LOL

It is like you are trying to confuse yourself.

The contracts are written to ensure that the player is going to play in them but the player won't risk much of their compensation based on making it to the game.

None of this really matters because from the standpoint of the state of NJ they have someone getting paid a big salary and working a certain number of days in their state. Bonuses tied to the work in NJ are totally irrelevant.

More and more links of facts and proof provided to you and you STILL demand you are correct while citing nothing. Even going as far as demanding that you don’t have to cite anything because we should all just know.

Funny that you are completely alone in this argument. It is likely because you are incorrect in just about every damn thing that you haves stated. This is beyond even TM – that is TOUGH to do.

You are on JoeB level. I am starting to pity you…
 
You know, it would have been better if you simply had admitted that you had been mistaken. You would have saved alot of face. But now, you are officially on the list of idiots like Rdean, Truthmatters, and National Socialist.


Agent's Take: A guide to NFL postseason pay - CBSSports.com

LOL

It is like you are trying to confuse yourself.

The contracts are written to ensure that the player is going to play in them but the player won't risk much of their compensation based on making it to the game.

None of this really matters because from the standpoint of the state of NJ they have someone getting paid a big salary and working a certain number of days in their state. Bonuses tied to the work in NJ are totally irrelevant.

More and more links of facts and proof provided to you and you STILL demand you are correct while citing nothing. Even going as far as demanding that you don’t have to cite anything because we should all just know.

Funny that you are completely alone in this argument. It is likely because you are incorrect in just about every damn thing that you haves stated. This is beyond even TM – that is TOUGH to do.

You are on JoeB level. I am starting to pity you…

What do you think I am "incorrect" about? Do you even know?

I have the law on my side so I wouldn't say I am really alone.
 

I typically agree with you about 99.9% of the time, but we'll have to agree to disagree on this. The Thunder play 2 blocks away from my office. I have to "escape" downtown on games which isn't easy for all of the folks coming in for the game.

Thunder economic impact estimate tops $64 million for the current season. | News OK

Ever hear of the broken window fallacy? You know the one, where spending to fix broken windows supposedly stimulates the economy, but it is actually just redirecting spending that would have been better if it went to something else? Stadiums work the same way.

Why Cities Subsidize Sports

The economic rationale for cities' willingness to subsidize sports facilities is revealed in the campaign slogan for a new stadium for the San Francisco 49ers: "Build the Stadium—Create the Jobs!" Proponents claim that sports facilities improve the local economy in four ways. First, building the facility creates construction jobs. Second, people who attend games or work for the team generate new spending in the community, expanding local employment. Third, a team attracts tourists and companies to the host city, further increasing local spending and jobs. Finally, all this new spending has a "multiplier effect" as increased local income causes still more new spending and job creation. Advocates argue that new stadiums spur so much economic growth that they are self-financing: subsidies are offset by revenues from ticket taxes, sales taxes on concessions and other spending outside the stadium, and property tax increases arising from the stadium's economic impact.


Unfortunately, these arguments contain bad economic reasoning that leads to overstatement of the benefits of stadiums. Economic growth takes place when a community's resources—people, capital investments, and natural resources like land—become more productive. Increased productivity can arise in two ways: from economically beneficial specialization by the community for the purpose of trading with other regions or from local value added that is higher than other uses of local workers, land, and investments. Building a stadium is good for the local economy only if a stadium is the most productive way to make capital investments and use its workers.

Sports, Jobs, & Taxes: Are New Stadiums Worth the Cost? | Brookings Institution





This is not a case of the broken window fallacy. There is a KEY difference and that is the fact that the broken window fallacy relies on a closed system. That fallacy does not take into account the ability to drain other systems of wealth and bring it to the local system. IF you were to break those windows in an adjacent city but your city had the only window repair/sales that they could use it actually WOULD be a big boon for your city. That other cities wealth would be syphoned off to your city through that expenditure giving you a net gain while supplying them with a larger net loss. That is basically what a sports team is doing – syphoning wealth from other localities. What we are dealing with is a football team that is drawing resources from outside the city. That draw exists with the team and does NOT exist without it. In that regard, teams are HUGE boons for the localities that they are in as they get to take taxes and economic activity from places that would have not given it to them if the team were not present.


This is the real reason that such tax expenditures should be illegal. It creates an inefficient system where extremely rich businessmen get to fleece the taxpayers. Basically, subsidizing a football team is a net drain as it removes resource from the system BUT it is very lucrative to the actual municipality that gets the team making very desirable. That is a bad situation all around as the bad behavior of subsidizing one type of business with special favors no other business receives is reinforced with rewards.
 
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I have the law on my side so I wouldn't say I am really alone.

Emma-Stones-Hysterical-Laugh-Gif.gif
 
Kansas gives credits to taxes paid in other jurisdictions.

Yeah? So?

So wait, are you actually suggesting that you should only have to pay taxes to one state ever?

I apologize, it appears your point was dumber than I anticipated.

It appears that you have no fucking idea what you're talking about. Firstly I made no point, I agreed with someone else. Secondly I live in Missouri. Thirdly I run a business that services both sides of the border and local taxes are a royal pain in the ass.

Last but not least, negged
 
Yeah? So?

So wait, are you actually suggesting that you should only have to pay taxes to one state ever?

I apologize, it appears your point was dumber than I anticipated.

It appears that you have no fucking idea what you're talking about. Firstly I made no point, I agreed with someone else. Secondly I live in Missouri. Thirdly I run a business that services both sides of the border and local taxes are a royal pain in the ass.

Last but not least, negged

Missouri has the same law.

I am sorry the paperwork is hard.

I am just curious how do you think states should source income for their income taxes?
 
So wait, are you actually suggesting that you should only have to pay taxes to one state ever?

I apologize, it appears your point was dumber than I anticipated.

It appears that you have no fucking idea what you're talking about. Firstly I made no point, I agreed with someone else. Secondly I live in Missouri. Thirdly I run a business that services both sides of the border and local taxes are a royal pain in the ass.

Last but not least, negged

Missouri has the same law.

I am sorry the paperwork is hard.

I am just curious how do you think states should source income for their income taxes?

It might be a good start to only tax income from within the state. It's unforgivable for a state to tax income you made elsewhere that has already been taxed.
 
It appears that you have no fucking idea what you're talking about. Firstly I made no point, I agreed with someone else. Secondly I live in Missouri. Thirdly I run a business that services both sides of the border and local taxes are a royal pain in the ass.

Last but not least, negged

Missouri has the same law.

I am sorry the paperwork is hard.

I am just curious how do you think states should source income for their income taxes?

It might be a good start to only tax income from within the state. It's unforgivable for a state to tax income you made elsewhere that has already been taxed.

The income tax has to be sourced and then distributed. When it is sourced and distributed to the state they are not a resident of they receive a credit in their state of residence for taxes paid to other jurisdictions.

This is not a matter of double taxation but of distributing his income to the various states in which he worked.
 
Missouri has the same law.

I am sorry the paperwork is hard.

I am just curious how do you think states should source income for their income taxes?

It might be a good start to only tax income from within the state. It's unforgivable for a state to tax income you made elsewhere that has already been taxed.

The income tax has to be sourced and then distributed. When it is sourced and distributed to the state they are not a resident of they receive a credit in their state of residence for taxes paid to other jurisdictions.

This is not a matter of double taxation but of distributing his income to the various states in which he worked.

week-in-review-emma-stone-gifs-miley-cyrus-yourstar-gifs.gif
 
It might be a good start to only tax income from within the state. It's unforgivable for a state to tax income you made elsewhere that has already been taxed.

The income tax has to be sourced and then distributed. When it is sourced and distributed to the state they are not a resident of they receive a credit in their state of residence for taxes paid to other jurisdictions.

This is not a matter of double taxation but of distributing his income to the various states in which he worked.

week-in-review-emma-stone-gifs-miley-cyrus-yourstar-gifs.gif

I apologize for talking over your head. Thank you for the gif.
 
Missouri has the same law.

I am sorry the paperwork is hard.

I am just curious how do you think states should source income for their income taxes?

It might be a good start to only tax income from within the state. It's unforgivable for a state to tax income you made elsewhere that has already been taxed.

The income tax has to be sourced and then distributed. When it is sourced and distributed to the state they are not a resident of they receive a credit in their state of residence for taxes paid to other jurisdictions.

This is not a matter of double taxation but of distributing his income to the various states in which he worked.

If he plays one game, less than 2 hours of actual work, earns $46,000, and pays more than that in taxes, he is not distributing income various states, he is being robbed.
 

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