MLB agents ponder beating potential tax increase

[Throckmorton]

Originally posted by: eleison

Originally posted by: SP33Demon

Originally posted by: Marlin1975

Originally posted by: Slick5150

Originally posted by: Throckmorton
LOL they really are concerned about the 5% tax increase? How about taxpayers stop accepting tax increases to fund their damn stadiums?

Winnar!

But yea poor poor millionaires need all the breaks they can get. :roll:



QFTruth!

Actually, cities pay for stadiums in order to help their local economy. No stadium - no tourism, less city revenue.. less money for street repairs, less money for police, etc.

So instead of the knee jerk reaction to the "big bad corporate" stadiums, maybe people can think about how it affects the little guys that may rely on the revenues that are generated by the stadiums.

My friend majored in economics at Vanderbilt and took a class with a top sports economist. The professor said that usually building stadiums doesn't have a positive economic impact on a city.

 

[bctbct]

Sports are a total rip off to the consumer. $8 beer, $6 hamburger, $100 tickets. People would be better of spending their money at local restaurants and buying furniture.

edit

$25 dollar parking pisses me off too.

 

[HumblePie]

And this is the reason I don't care a rats ass about "pro" leagues. I don't go to games, I don't by sport junk, and I am not stupid enough to waste money so some idiot can complain about a tax hike when they are making millions.

 

[TallBill]

Originally posted by: bctbct
Sports are a total rip off to the consumer. $8 beer, $6 hamburger, $100 tickets. People would be better of spending their money at local restaurants and buying furniture.

edit

$25 dollar parking pisses me off too.

Dunno where you go, but when I go to a White Sox game I park about 3/4 miles away for free at a local bar. I pay about $15 for a burger and 3-4 beers, then I walk to the park and use my $20-40 tickets and maybe buy one $4 hot dog.

Originally posted by: HumblePie
And this is the reason I don't care a rats ass about "pro" leagues. I don't go to games, I don't by sport junk, and I am not stupid enough to waste money so some idiot can complain about a tax hike when they are making millions.

Not everyone has the same interests. I don't see these guys complaining about tax hikes but instead planning to account for them. If you were due to earn $10 million for whatever job you perform next year, you're talking about $500,000 more in taxes. It's certainly something to consider, which is exactly what the article says. If you didn't, then you'd be financially stupid.

 

[Perknose]

Lol, the children! Who will protect the overpaid children from becoming just slightly less overpaid! :brokenheart:

 

[counterstrikedude]

Originally posted by: Insomniator
I'm sure they will figure out a way to avoid it, and I have no problem with that.

always.

kinda like how bono screams charity yet all his money is tied in off-shore bank accounts.

hhaha.

 

[Hayabusa Rider]

Originally posted by: TallBill

Originally posted by: bctbct
Sports are a total rip off to the consumer. $8 beer, $6 hamburger, $100 tickets. People would be better of spending their money at local restaurants and buying furniture.

edit

$25 dollar parking pisses me off too.

Dunno where you go, but when I go to a White Sox game I park about 3/4 miles away for free at a local bar. I pay about $15 for a burger and 3-4 beers, then I walk to the park and use my $20-40 tickets and maybe buy one $4 hot dog.

Originally posted by: HumblePie
And this is the reason I don't care a rats ass about "pro" leagues. I don't go to games, I don't by sport junk, and I am not stupid enough to waste money so some idiot can complain about a tax hike when they are making millions.

Not everyone has the same interests. I don't see these guys complaining about tax hikes but instead planning to account for them. If you were due to earn $10 million for whatever job you perform next year, you're talking about $500,000 more in taxes. It's certainly something to consider, which is exactly what the article says. If you didn't, then you'd be financially stupid.

Pretty much. If they beat the deadline, it's perfectly legal to do so. Next time they'll have to pay up.

As far as stadiums go, I think it would be best if no one paid a dime towards building one. Won't happen of course, but if it did the "private sector" would have to pay up. Players salaries would go down in all probability, but in a sense, they live in large part on welfare and get a big check as a result. Let them earn what they can, but I don't see the need for taxpayers to subsidize them.

 

[winnar111]

Originally posted by: Hayabusa Rider

Originally posted by: TallBill

Originally posted by: bctbct
Sports are a total rip off to the consumer. $8 beer, $6 hamburger, $100 tickets. People would be better of spending their money at local restaurants and buying furniture.

edit

$25 dollar parking pisses me off too.

Dunno where you go, but when I go to a White Sox game I park about 3/4 miles away for free at a local bar. I pay about $15 for a burger and 3-4 beers, then I walk to the park and use my $20-40 tickets and maybe buy one $4 hot dog.

Originally posted by: HumblePie
And this is the reason I don't care a rats ass about "pro" leagues. I don't go to games, I don't by sport junk, and I am not stupid enough to waste money so some idiot can complain about a tax hike when they are making millions.

Not everyone has the same interests. I don't see these guys complaining about tax hikes but instead planning to account for them. If you were due to earn $10 million for whatever job you perform next year, you're talking about $500,000 more in taxes. It's certainly something to consider, which is exactly what the article says. If you didn't, then you'd be financially stupid.

Pretty much. If they beat the deadline, it's perfectly legal to do so. Next time they'll have to pay up.

As far as stadiums go, I think it would be best if no one paid a dime towards building one. Won't happen of course, but if it did the "private sector" would have to pay up. Players salaries would go down in all probability, but in a sense, they live in large part on welfare and get a big check as a result. Let them earn what they can, but I don't see the need for taxpayers to subsidize them.

I suppose the idea is that teams are perfectly capable of relocating out of your city/state, and with that goes $100 million a year worth of taxable revenue. Hence these governments have some sort of incentive to convince them to stay.

 

[bozack]

I hope the super wealthy do everything that they can to avoid paying these higher tax rates and as I said in another thread I really hope that the upper middle and middle class shoulder the burden of these tax increases.

Good for the agents and good luck to the people who may benefit from taking advantage of an opportunity like this.

 

[bozack]

Originally posted by: ebaycj

You know who's helped MORE by the stadium(s) being built? Oh yeah, it's the Players and Team owners who collectively directly make HUNDREDS OF MILLIONS OF DOLLARS per year due to the existence of said stadium in said city.

City revenue, give me a freakin' break. That's a drop in the bucket.

have you lived in a city or near a city with a world class sports team? they are huge for the local economy, to suggest that only the players and the owners benefit is absolutely stupid...

Heck here near Gilette stadium they have built an entire shopping complex and that is just one small example...stadiums provide jobs and revinue.

 

[heyheybooboo]

Originally posted by: TallBill

1st Base: Paul Konerko - Chicago White Sox - $12.0M
.240 BA / 22 HRs / 62 RBIs

I'd take Paul back, he had several injuries and played great at the end of the season.

Keep telling yourself that next year as you bow down to your divisional masters ...

The Detroit Tigers