Walcott - Marciano I Purse

[Anthony342]

I guess it's good for champions. The purse probably matches the belt.

[Dempsey-Louis]

Dear Ray
that is like saying child ******ers are bad people... The IRS has been destroying good Americans for decades, whether it the farm that can't pay the taxes, the athletes who cannot possibly know the tax burdens involved, or any other number of victims, the IRS actually gets ignoramuses to shout from the rafters "well they should pay their taxes" to which I would love to see these people win the lottery and then get less than half their winnings. Makes ya feel or tingly inside doesn't it? I would not even play the lottery for entertainment out of principle. If the IRS wants half the winnings pay half the ticket!

I have been saying this for years: If one really looks at what athletes actually pay out in taxes, they work for the government.

I can see you are passionate about this but to (almost) quote Oliver Wendell Holmes Jr.: "The price of civilization is taxes."

. . . and then to (almost) quote Will Rogers: "Of course you tax the rich, they're the ones who got it."

One other thing: I am certain Florida does not tax income I have been living here since 1977 and we have no state income tax (we rob the tourists instead; sales tax across the State is 6% except where the tourist stay, there it is 8%. Now that I agree is a dirty trick.)

[Eff Pandas]

Here is an odd twist:

Back when the Miami Heat were trying to steal Lebron James from Cleveland one of the advantages the Heat had in negotiations was that James, because Florida does not have a State Income tax, wouldn't have to pay a State tax for 41 of his games (Florida is one of only six States without a state income tax, I believe).

When you consider James' salary that translated into millions of dollars. It was no small thing.

It is strange law but if a Heat/Dolphin/Marlin player plays a game in New York, that game's salary is subject to the taxes associated with New York because that is where the salary was earned. The same works in reverse, a Met or Yankee playing the Marlins in Florida does not have to pay the New York State tax for those games. They can claim they earned the money out of State, or so that is what our evening news (I am in South Florida.) told us back when the Heat was in the process of stealing James. I am not 100 percent certain this is correct but it was what everyone was saying at the time.

I think you guys are correct I suspect that the New York tax situation probably scares off fighters.

Damn I never knew all that, but I guess it makes sense. When in rome get taxed like a roman.

London Prize Ring Rules (1853)

Rule 23

The battle-money shall remain in the hands of the stakeholder until fairly won or lost . . .

Lets go back to using 'battle-money'

Battle Money definitely sounds better than a goddamn purse. How did Battle Money get lost to history? Solid term.

[billeau2]

I can see you are passionate about this but to (almost) quote Oliver Wendell Holmes Jr.: "The price of civilization is taxes."

. . . and then to (almost) quote Will Rogers: "Of course you tax the rich, they're the ones who got it."

One other thing: I am certain Florida does not tax income I have been living here since 1977 and we have no state income tax (we rob the tourists instead; sales tax across the State is 6% except where the tourist stay, there it is 8%. Now that I agree is a dirty trick.)

Good quotes

Athletes are not rich by and large, they make a lot of money. People often don't get the difference but... first off, when you go to a rich person's house there are books. I used to go to these very nouvelle rich homes in Marin county as an appraiser and the only books on the shelf were self help books.

Rich people understand that Education is the most important freedom a person can be granted, because it teaches us not to be ignorant....others look at college as a way to make more money, which means staying in a narrow range, or specialty and making money for the government, or some owner's enterprise. Rich people learn to manage businesses and assets, not to work for masser somewhere. In fact most of a rich person's college years are to indoctrinate into polite society and rub elbows with the right people.

So, a rich person will work for another, but do so to learn a business, or approach, not to make a living. Rich people buy the pig and dole the pork out, while those going to school to get a better job, are looking to get more pork scraps from the pig owner. Between the IRS and rich people, the more somoene is paid the more they will: Earn for the IRS and spend at work for the rich person. To own the pig is passive income, to try to grab the scraps of pork is hard work and stressful and your only as good as your last scrap grab at the table!

Rich people have assets, businesses, and trusts and don't actually own anything in their name...consequently these assets appreciate in value and cannot be taxed heavily, or depleted. people with a lot of money on the other hand own lots of things, like Floyd with all his mansions and cars! Try renting a mansion out for cash flow. And those cars will sell off for a good price for sure, but as an asset they do not generate anything.

Even the homes of the very rich... beach houses on the shore for example, are used extensively to vacation in by friends and family, etc.

Making a big taxable income is something that athletes are stuck with, and anyone who works for a salary is stuck with...Rich people on the other hand own the business that gives the check to the CEO. the difference is the owner of a sports franchise, who can move it where he gets the best tax situation, etc versus the players who get taxed out the wazoo.

Some states do indeed have more or less income tax, Florida, like the rest of the South also makes it up with ticketing.