News Article: Boston Bruins Raise Controversy by Arguing That Meals Are Deductible

[Deal Law]

This isn't a "non-story" to the tax bar. This is actually a very interesting case (for someone like me anyway). The Bruins actually appear to have a pretty good argument, just from my cursory reading of the 274 regs (this isn't an issue I've ever had to research previously, and I don't plan on it now). This is an actual story for tax attorneys and tax accountants and should be for professional sports franchises, given the concept of stare decisis

 

[Kaoz]

Uhh, in what way are we the tax payers footing the bill? Last I checked, the Bruins are paying the check and giving the tip. Nothing is coming out of my pocket, and my tax rate isn't going up because of it. It is a really big stretch to equate being fiscally responsible by taking advantage of tax laws to the Bruins taking money out of the pockets of the tax payers. A really, really big stretch. If you want to blame something for ripping off the tax payers, blame the hopelessly bloated government.

Hence "Microcosm".

If the Bruins and every other NHL team are able to write off these expenses, scratch that, when any big business manages to write off any frivolous expenditures, who do you inevitably think pays for that (or at least a portion of it). Someone has to. It isn't going to be the hopelessly bloated government and it isn't going to be the big business.

It's this reasoning that has lead to 18 trillion in debt.

Any who, this is perilously close to conversation that is better suited for the business board.

 

[Gee Wally]

Hence "Microcosm".

If the Bruins and every other NHL team are able to write off these expenses, scratch that, when any big business manages to write off any frivolous expenditures, who do you inevitably think pays for that (or at least a portion of it). Someone has to. It isn't going to be the hopelessly bloated government and it isn't going to be the big business.

It's this reasoning that has lead to 18 trillion in debt.

Any who, this is perilously close to conversation that is better suited for the business board.

or the politics board........................feel free to continue at either.

 

[Fenway]

Took 2 years but Jacobs and the Bruins won the case against the IRS.

https://www.forbes.com/sites/peterj...court-on-bruins-meal-deductions/#3e45b51b65a1


The ruling which details what happens when the Bruins are on the road.

http://www.ustaxcourt.gov/USTCInOP/OpinionViewer.aspx?ID=11300

 

[Therick67]

I'm happy for JJ, this is probably bigger to him than winning the Stanley Cup.

 

[Mainehockey33]

I'm happy for JJ, this is probably bigger to him than winning the Stanley Cup.

Who's responsible for inducting this guy into the HHoF?

 

[08SeaBass08]

I'm happy for JJ, this is probably bigger to him than winning the Stanley Cup.

Since players drank out of it, that was also deductible.

 

[SerenityRick]

I try and pay as little taxes as humanly possible.. why do we act holier-than-thou when someone else/a business does it?

 

[Mainehockey33]

I try and pay as little taxes as humanly possible.. why do we act holier-than-thou when someone else/a business does it?

Because I'm guessing JJ and his Florida mansion have a little more to go around. He shouldn't be acting like a single mom trying to save up to buy her kid a present at Christmas.

 

[Gee Wally]

Because I'm guessing JJ and his Florida mansion have a little more to go around. He shouldn't be acting like a single mom trying to save up to buy her kid a present at Christmas.

He has the right to decrease his tax base as any of us would.
He has earned his wealth as a good business man.
For those that whine, yes whine, about him making money off them please forward me photos of the gun barrel bruises against your temples. Ive been looking for this proof for decades now.

For surely, surely, he has forced this upon those masses.

 

[Mainehockey33]

He has the right to decrease his tax base as any of us would.
He has earned his wealth as a good business man.
For those that whine, yes whine, about him making money off them please forward me photos of the gun barrel bruises against your temples. Ive been looking for this proof for decades now.

For surely, surely, he has forced this upon those masses.

You're right, just sucks for people that can't afford to go to games. I was in Boston a couple weeks ago for the first time in years and stopped at the pro shop on the way back to the Amtrak. I go to look at the jerseys thinking since Adidas is making them maybe they'll have a sale. I look at a price tag and see $160(?) normal price crossed out and they were like $240. Sure he's allowed to sell all that for as much as he wants, but I'm going to think it's ridiculous. But hey, if arenas are selling out then I guess he's doing something right?

 

[08SeaBass08]

I try and pay as little taxes as humanly possible.. why do we act holier-than-thou when someone else/a business does it?

I actually agree with the ruling, but I also enjoy trolling JJ and saw an opportunity to respond in fashion to what I found to be some pretty humorous digs at the man's long-known reputation. I can't speak for anyone else.

 

[Terrier]

OT: Bruins Score Win Against IRS

The Bruins won their meal case in U.S. Tax Court. WHOOO!


http://www.bostonglobe.com/business...ax-shootout/NylBa5SjZAMlSUKraCIB5K/story.html

 

[LouJersey]

The Bruins won their meal case in U.S. Tax Court. WHOOO!


http://www.bostonglobe.com/business...ax-shootout/NylBa5SjZAMlSUKraCIB5K/story.html

And you wonder why there are so many potholes and ****** bridges and tunnels everywhere.

 

[LouJersey]

I try and pay as little taxes as humanly possible.. why do we act holier-than-thou when someone else/a business does it?

We also make a fraction of what these people do.

 

[Mainehockey33]

We also make a fraction of what these people do.

But Charlie won't be able to buy his third Ferrari if he's taxed on all these meals.

Is anyone buying these jerseys at $240 a piece? Crazy.

 

[Bruwinz37]

Good for JJ!

 

[Gee Wally]

I never begrudge anyone that earns or builds what they have fair , square and legal.

More power to 'em.

 

[LouJersey]

I never begrudge anyone that earns or builds what they have fair , square and legal.

More power to 'em.

The more deductions billionaires can take the less for infrastructure. You make a certain amount you shouldn't get the same kinds of deductions. I can't even claim college tuition because "I make too much"

 

[Gee Wally]

The more deductions billionaires can take the less for infrastructure. You make a certain amount you shouldn't get the same kinds of deductions. I can't even claim college tuition because "I make too much"

Then change the tax code.

Until then if its above board Im all for it.
Otherwise it wreaks of petty jealously to me.

But thats me.

 

[KnightofBoston]

It's not surprising and really not a big deal, they'll pay the difference and be done with it

 

[KrejciMVP]

Way to stick it to the man Jacobs lol

 

[Mainehockey33]

Then change the tax code.

Until then if its above board Im all for it.
Otherwise it wreaks of petty jealously to me.

But thats me.

I don't think it's jealousy. How much is JJ worth? I know if I had $$2-5M I'd be set for life. Once you get over $10M it gets weird, I wouldn't even know how to spend it in one lifetime.

There's truth to what you say though. If you don't like the prices he sets, don't buy what he's selling. Apparently there's a market for $240 jerseys. I'm glad I bought my Chara jersey on sale years ago for $120.

 

[Gee Wally]

I don't think it's jealousy. How much is JJ worth? I know if I had $$2-5M I'd be set for life. Once you get over $10M it gets weird, I wouldn't even know how to spend it in one lifetime.

There's truth to what you say though. If you don't like the prices he sets, don't buy what he's selling. Apparently there's a market for $240 jerseys. I'm glad I bought my Chara jersey on sale years ago for $120.

I thought similar when I was your age. Its all relative. What fits for you wont fit for others so your expectations arent valid outside of yourself.

Btw, 2 million is peanuts in my relative world.

 

[Mainehockey33]

I thought similar when I was your age. Its all relative. What fits for you wont fit for others so your expectations arent valid outside of yourself.

Btw, 2 million is peanuts in my relative world.

I see your point. I've been working on selling a couple products on Amazon recently so I'm starting to understand why people hate taxes. It's not so bad when you have an employer and it's all taken care of by someone else, but when it's your profits you want to keep as much as possible. I see both sides. Maybe we can both agree that the government wastes a lot of tax dollars that could be allocated to more iseful things like infrastructure and education without raising anyone's taxes.