Useless Thread MCMVII: Breezewood PA. Appreciation Thread

[John Price]

Wish I had a John Price Jr to take care of

@GIADF will the kid also bike all day and drink non alcoholic alcohol on his tricycle

 

[John Price]

Poor kid already set up for Chicago failure.

First thing you should show him is the hail mary.

 

[John Price]

No @GIADF you can't put athletic brewing co. in the baby bottle

 

[PanthersPens62]

@PanthersPens62 Did you have any thoughts on the Dwayne Wade statue in Miami

The neck & below is perfection. Above the neck..............mother of God !

 

[John Price]

The neck & below is perfection. Above the neck..............mother of God !

look for me on TV tomorrow although unlike gameday you can't bring signs in

it would have been hilarious if you could, people waving flags with witty signs in DC

 

[John Price]

 

[John Price]

https://x.com/i/web/status/1850609519530823753

 

[Sega Dreamcast]

Been working for over a decade bud

In 2016, John Price paid only $750 in federal income tax, and in 2017, he paid another $750 in federal income tax. This was much less than other lounge posters.

 

[John Price]

haven't purchased any candy for the kids yet and Halloween is coming up

AITA?

In 2016, John Price paid only $750 in federal income tax, and in 2017, he paid another $750 in federal income tax. This was much less than other lounge posters.

I'm rich but not rich enough to utilize loopholes like Steve ballmer

 

[John Price]

The Billionaire Playbook: How Sports Owners Use Their Teams to Avoid Millions in Taxes

Owners like Steve Ballmer can take the kinds of deductions on team assets — everything from media deals to player contracts — that industrialists take on factory equipment. That helps them pay lower tax rates than players and even stadium workers.

www.propublica.org

Ballmer pays such a low rate, in part, because of a provision of the U.S. tax code. When someone buys a business, they’re often able to deduct almost the entire sale price against their income during the ensuing years. That allows them to pay less in taxes. The underlying logic is that the purchase price was composed of assets — buildings, equipment, patents and more — that degrade over time and should be counted as expenses.

But in few industries is that tax treatment more detached from economic reality than in professional sports. Teams’ most valuable assets, such as TV deals and player contracts, are virtually guaranteed to regenerate because sports franchises are essentially monopolies. There’s little risk that players will stop playing for Ballmer’s Clippers or that TV stations will stop airing their games. But Ballmer still gets to deduct the value of those assets over time, almost $2 billion in all, from his taxable income.

This allows Ballmer to perform a kind of financial magic trick. If he profits from the Clippers, he can — legally — inform the IRS that he is losing money, thus saving vast sums on his taxes. If the Clippers are unprofitable in a given year, he can tell the IRS he’s losing vastly more.

 

[Sega Dreamcast]

I'm rich but not rich enough to utilize loopholes like Steve ballmer

Tax avoidance is not a crime, allegedly.

Us poors are just too stupid to buy some livestock and get our "estates" classified as farm land.

 

[GIADF]

haven't purchased any candy for the kids yet and Halloween is coming up

AITA?


I'm rich but not rich enough to utilize loopholes like Steve ballmer

 

[John Price]

wtf

 

[John Price]

 

[GIADF]

wtf

You would be the shitty candy giver outer tbh.