Author Topic: Great Babylon Bee Headlines...  (Read 114071 times)

Offline TimT

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Offline TimT

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Offline mevinyavin

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Re: Great Babylon Bee Headlines...
« Reply #522 on: December 10, 2023, 06:12:46 AM »
Quote from: ExGingi
Echo chambers are boring and don't contribute much to deeper thinking and understanding!

Offline TimT

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Offline Dan

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Offline TimT

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Online Yehuda57

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Re: Great Babylon Bee Headlines...
« Reply #526 on: December 11, 2023, 04:25:32 PM »

Online Euclid

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Re: Great Babylon Bee Headlines...
« Reply #527 on: December 11, 2023, 05:28:06 PM »
Much line the university president stories, this is barely a joke.
These "satire" sites just take the current news and make a minor tweak and call it satire. Either we live in an absurd world, or it's just lazy.

Offline yelped

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Re: Great Babylon Bee Headlines...
« Reply #528 on: December 11, 2023, 11:41:33 PM »
These "satire" sites just take the current news and make a minor tweak and call it satire. Either we live in an absurd world, or it's just lazy.
The news writes itself.

Online Euclid

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Re: Great Babylon Bee Headlines...
« Reply #529 on: December 12, 2023, 12:31:42 AM »
https://twitter.com/TheBabylonBee/status/1733608008251326528
Saw a pretty brilliant take. The big money is deferred to the end of the contract, in 10 years from now. At that point, he'll be retired and can live somewhere with low or no state income tax.

Offline Just A Jew

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Re: Great Babylon Bee Headlines...
« Reply #530 on: December 12, 2023, 02:30:25 AM »
Saw a pretty brilliant take. The big money is deferred to the end of the contract, in 10 years from now. At that point, he'll be retired and can live somewhere with low or no state income tax.

Not sure how that would work with jock tax laws. If it were as simple as deferring payment to avoid paying, it would probably be a lot more common in all sports.
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Re: Great Babylon Bee Headlines...
« Reply #531 on: December 12, 2023, 07:32:08 AM »
Not sure how that would work with jock tax laws. If it were as simple as deferring payment to avoid paying, it would probably be a lot more common in all sports.
Unless you're Bobby Bonilla, the Mets, or a generational talent like Ohtani who can ask for whatever he wants, players don't really have a choice.

Offline yuneeq

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Re: Great Babylon Bee Headlines...
« Reply #532 on: December 12, 2023, 07:36:47 AM »
Not sure how that would work with jock tax laws. If it were as simple as deferring payment to avoid paying, it would probably be a lot more common in all sports.

It likely wouldnít work in any of the salary cap sports (definitely not NHL), and even for baseball it seems like he has the right set of circumstances to make it a reality.
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Offline Just A Jew

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Re: Great Babylon Bee Headlines...
« Reply #533 on: December 12, 2023, 09:32:39 AM »
Unless you're Bobby Bonilla, the Mets, or a generational talent like Ohtani who can ask for whatever he wants, players don't really have a choice.
It likely wouldnít work in any of the salary cap sports (definitely not NHL), and even for baseball it seems like he has the right set of circumstances to make it a reality.

Dead years aren't new. Teams are often looking to lower their cap hit, so I don't know why they'd have a problem with players adding dead years or deferring payment. I just don't know how they are taxed with jock laws, though. Does it go based in the schedule of the seasons they actually played in, or the dead season when they aren't even on the team? Or does it avoid jock laws altogether and get taxed like income which is unrelated to play?
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Offline yuneeq

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Re: Great Babylon Bee Headlines...
« Reply #534 on: December 12, 2023, 09:42:16 AM »
Dead years aren't new. Teams are often looking to lower their cap hit, so I don't know why they'd have a problem with players adding dead years or deferring payment. I just don't know how they are taxed with jock laws, though. Does it go based in the schedule of the seasons they actually played in, or the dead season when they aren't even on the team? Or does it avoid jock laws altogether and get taxed like income which is unrelated to play?

I know in hockey dead years arenít allowed as it circumvents the cap and makes it useless. But I find it difficult to understand how he avoids taxes based on his payment date. One benefit in deferring taxes is he can still have access to the capital via borrowing but wonít pay taxes on it for 10+ years. Iím sure the number he received is higher due to the deferral, so thatís another bonus.
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Re: Great Babylon Bee Headlines...
« Reply #535 on: December 12, 2023, 09:44:24 AM »
I know in hockey dead years arenít allowed as it circumvents the cap and makes it useless. But I find it difficult to understand how he avoids taxes based on his payment date. One benefit in deferring taxes is he can still have access to the capital via borrowing but wonít pay taxes on it for 10+ years. Iím sure the number he received is higher due to the deferral, so thatís another bonus.
I saw something about there being a 10 year cutoff for look back on deferred wages. IANAL

Offline TimT

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Offline mevinyavin

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Re: Great Babylon Bee Headlines...
« Reply #537 on: December 16, 2023, 01:48:31 PM »
Quote from: ExGingi
Echo chambers are boring and don't contribute much to deeper thinking and understanding!

Offline mevinyavin

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Re: Great Babylon Bee Headlines...
« Reply #538 on: December 19, 2023, 12:33:12 AM »
Quote from: ExGingi
Echo chambers are boring and don't contribute much to deeper thinking and understanding!

Offline TimT

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