KINGS17
Smartest in the Room
- Apr 6, 2006
- 32,582
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“Two things only the people anxiously desire — bread and circuses.”
- Juvenal
Around the League Thread Part II: Final Stretch
- Thread starter kingsboy11
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- Juvenal
Ziggy Stardust
Master Debater
TruKingFan
Two-Time Cup Winner
johnjm22
Pseudo Intellectual
- Aug 2, 2005
- 21,479
- 18,924
This Pro Publica series on billionaire taxes has raised some legitimate issues, but some of the reporting has also been a bit misleading and dishonest.
Regarding this specific article, if you buy a business, you deduct the cost of the business from your income. Here the deduction is being amortized, instead of deducting it all at once. I don't see the issue. Anyone who buys a business can do this. Not just billionaires.
In the article it says that Ballmer reported making 656M, and only paid 78M in income taxes. But 656M isn't his taxable income; it's money that came in before deducting the expense that it cost to produce that amount of money. Buying the business was part of the expense.
PP, doesn't release the actual tax return, but if they did, I bet it would show Ballmer's taxable income would be under 300M.
On the other hand, being able to depreciate an asset that's going up in value, not down, is a legitimate gripe. If that's what's going on.
I own a business. We depreciate our assets like computers, warehouse equipment etc. Every business does this (big and small). The difference is my business's assets are legitimately depreciating.
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deeshamrock
Registered User
NHL controversial shootout goals
fun video
The 2nd goal on the video is by Panarin and sick...some interesting goals that are allowed and disallowed. one by the Flames got stuck in Luongo's equipment and ruled a goal. One near the end by Ovie vs rangers and the goalie , Georgiev , throws his stick aat the puck and the Caps are awarded the goal.
fun video
The 2nd goal on the video is by Panarin and sick...some interesting goals that are allowed and disallowed. one by the Flames got stuck in Luongo's equipment and ruled a goal. One near the end by Ovie vs rangers and the goalie , Georgiev , throws his stick aat the puck and the Caps are awarded the goal.
KINGS17
Smartest in the Room
- Apr 6, 2006
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This is interesting. Tampa Bay proposed a rule change after the 2015 Stanley Cup run by Chicago. Chicago used the same loophole in 2015 Tampa Bay did this season to go over the cap by $5M during the 2015 cup run. Only Tampa Bay and St. Louis voted to close the loophole with a rule change in 2015.
BigKing
Blake Out of Hell III: Back in to Hell
Yeah...it doesn't seem like he can actually depreciate the "team" but he can certainly amortize whatever intangible assets go along with the purchase of the team along with any loan costs, if he did in fact take out a loan. Of course, the cost of the team probably has a lot of intangibles built in to it v. actual hard/depreciable assets.
Sleeping Dog
Fan Since ‘68
deeshamrock
Registered User
NHL Rare Illegal Equipment/ Delay of Game penalty
This video has some pretty neat situations. Blues get an illegal equipmnent penalty when Parayko loses his stick, Taresenko gives him his stick. Then Taresnko picks up Parayko's stick and that is a penalty. Half way thru, Sean Monahan gets a delay of the game for tying his skatelaces prior to a faceoff. And another one where after an icing, one of the bluejackets, whose skate was not working, ,is given a delay of game. Refs argue he couldn't leave the ice due to icing.
King'sPawn
Enjoy the chaos
- Jul 1, 2003
- 23,193
- 24,104
Wasn't Jeremy Roenick's shootout goal against Nashvilke controversial too?
The shootout/penalty shot should be revamped. Instead of maintaining forward motion, just give them 10 seconds to take a shot. They can be as tricky as they want then. Heck, even let them take multiple whacks until the puck is held or the time runs out.
I did (sorta) three years ago, but now my place is too small for my family.
It's looking more and more like we're gonna have to move out of state to upgrade, and the was kinda my point. As a lifelong California kid, leaving will be tough for me but I sure as hell wouldn't do it just because I'm mad about a 10 cent tax on a gallon of gas. It'll be because we can move back to CT where my wife is from and get a house double the size for less money than our current place in a great school district. Can even keep my current job and salary if I show my face in our New York office occasionally.
The only option to stay here would be to win the lottery, which I don't play, so I could have the 1.5-2 million required to buy a nice sized house in a good school district. I wish they would have tought the importance of getting into real estate as fast as possible in school, would have come in a lot more handy in life than the f***ing pythagorean theorem that's for sure.
Reclamation Project
Cut It All Right In Two
- Jul 6, 2011
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- 3,783
Reclamation Project
Cut It All Right In Two
- Jul 6, 2011
- 34,135
- 3,783
TruKingFan
Two-Time Cup Winner
dude…CA gas taxes are about $0.533 per gallon - 2nd highest in the country. Add sales tax, RE tax, etc. yikes.
Just do it. Life’s too short to be miserable even in the beautiful CA weather.
KingsFan7824
Registered User
- Dec 4, 2003
- 19,537
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So, not sticking to their moral principles. Is this supposed to be making TB the good guy? Propose this now, not when you lose.
KINGS17
Smartest in the Room
- Apr 6, 2006
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Principles? In professional sports? What rules did they break?
I don't care if it makes Tampa Bay the good guy, or anything else. It does make anyone who knew about 2015, and then criticized Tampa Bay for being over the cap in the playoffs this season huge hypocrites. I don't think many people remembered the proposed rule change made by Tampa Bay in 2015 though.
The NHL should probably now take the advice of the Tampa Bay franchise, circa 2015.
Steve Zissou
I'll order you a red cap and a Speedo.
deeshamrock
Registered User
Can you blame him? Hawks swept it under a rug and gave a golden pass to do it again. Independent investigation hopefully will shine an even bigger light on things.
Raccoon Jesus
We were right there
Yeah that smells shady as f***. So you want a team-financed investigation? Yeah, my lawyer would be like 'no free discovery' at this point. f*** off.
KingsFan7824
Registered User
- Dec 4, 2003
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They broke no rule, and their win is valid, but I'd be more impressed with the karmic reminder if Kucherov didn't all of a sudden get an injury that allowed TB to keep everyone they wanted to when they couldn't get rid of enough contracts to get under the cap. TB takes a stand against Chi doing it, but then do it themselves years later. You weren't really against it 6 years ago, you were just upset that you lost. Which, I get. Had TB won in 2015, they don't care about Chi, and we all chuckle at the Hawks because they couldn't even win with a roster that exceeded the cap.
But again, I don't know how many other teams could keep a player as great as Kucherov out, and still do as well as TB did in the regular season. They also won last without Stamkos in the playoffs. They have a stupidly good team.
If Kucherov was actually healthy well before the playoffs started, then there might have been a rule broken since LTIR would no longer apply to him. I doubt the NHL will look into it so I'm not going to dwell on it.
TruKingFan
Two-Time Cup Winner
Easy to win if you can cheat. Clearly LTIR was not meant to circumvent the cap, but TB figured it out so kudos to them. Having said that f**k em anyway.
johnjm22
Pseudo Intellectual
- Aug 2, 2005
- 21,479
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CA also keeps adding on rules to make housing more expensive.
We we're adding an extension on to my business property. Had to go through a year's worth of red tape to get it approved. By the time we did and started building, CA passed a new law requiring the installation of an indoor sprinkler system which cost almost 10K. Keep in mind this was a very small project.
Where I'm at there's no decent available housing because the cost to build it puts it out the price range of the people who live here.
Outside of Hawaii, CA is the most expensive place in the country to build a house.
As far as my political views go, I wouldn't exactly call myself far right, I try and be balanced, but CA is an example of what you get when you let liberals run amok.
kingsboy11
Champions Again
Alright lets refocus the thread back to the rest of the NHL. No more political talk. I don't even know how this conversation started up anyways
Gas taxes are outrageous here, but they are going away before long, at least. I haven't paid them in years, just buy electric. After rebates it didn't cost much more than a gas car, and it's saving me well over $150 a month, which actually made the payments cheaper. Not to mention the complete lack of maintenance, brakes never need to be done, etc. Basically just tires and little things. Best thing I ever did.
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