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Thread: Tom Brady owes the IRS over 60 grand for winning Super Bowl.

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    Re: Tom Brady owes the IRS over 60 grand for winning Super Bowl.

    Quote Originally Posted by reinoe View Post
    And yet whenever it comes time to announce cuts to said federal bureaucracy, people only support cuts to programs they don't like. Whatever. If you were sincere (and let's face it, you're not) you'd support across the board spending cuts.
    How the heck do you know what I would cut?
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    Re: Tom Brady owes the IRS over 60 grand for winning Super Bowl.

    Quote Originally Posted by reinoe View Post
    The NFL is also a socialist organization.
    In what way? Some municipalities have too much invested in stadiums but the government doesn't own any team the last time I heard.
    "A democracy cannot exist as a permanent form of government. It can only exist until the majority discovers it can vote itself largess out of the public treasury." Attributed to Alexander Tytler

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    Re: Tom Brady owes the IRS over 60 grand for winning Super Bowl.

    Quote Originally Posted by PirateMk1 View Post
    97,000 plus 40,000 equals 137,000. The taxes are 60,000 which equals a take home by Brady of 77,000. So the government gets half basically. I don't consider that fair or reasonable. The Mafia takes less of a cut for their protection money rackets and provides better service.
    Its a tax on marginal earned income for someone in the highest tax bracket. Someone that simply makes $140K does not pay anywhere near that amount of tax. The tax was particularly compounded by the fact that Tom chose to give the car away creating a gift tax. On the other hand, because it was a gift, Malcolm Butler pays no tax on it. So, you can say that part of Brady's gift to Butler includes picking up the tax tab.

    People that cry for Tom Brady have a misguided sense of priority. There are millions in america that do not know where there next meal is coming from; are without a job; have a medical condition that threatens to rob them of their lives and bills robbing them of everything they worked for; we have thousands in prisons that should not be there because we overprosecuted the case and they were too poor to defend themselves; others that live in a battered home that fear for there lives and well-being; others that are without a home and on the streets. If you want to cry, there is much to cry about. Tom Brady deserves NONE of your tears.
    Last edited by upsideguy; 02-06-15 at 03:05 PM.

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    Re: Tom Brady owes the IRS over 60 grand for winning Super Bowl.

    Quote Originally Posted by sawdust View Post
    In what way? Some municipalities have too much invested in stadiums but the government doesn't own any team the last time I heard.
    OK, maybe not socialist if you define it as government owned, but a collective. Almost all revenues are put into one big pot and doled out equally among the 32 teams, so the haves are required to redistribute to the have nots, and all teams have a more or less equal pot of money to spend on player salaries.

    And for the record, the fact that municipalities subsidize stadiums of the richest sports league in the world, with teams owned by some of the richest men in the world, is one of the more telling examples of how the world works. Long live the American Aristocracy!!

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    Re: Tom Brady owes the IRS over 60 grand for winning Super Bowl.

    Why is it wrong? It's income. He owes taxes on income. So do people who win the lottery or any sweepstakes over a certain threshold. Tom Brady makes $31.3 million, plus another $7 million from endorsements and he's going to get even more off of his Superbowl victory. I think he can afford it.
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    Re: Tom Brady owes the IRS over 60 grand for winning Super Bowl.

    Quote Originally Posted by Unrepresented View Post
    One could make as much of a blanket statement about the right seeking to perpetually underfund government.
    One could, but I didn't; you did. And that's still arguable, I could argue that the right seeks to properly fund government, not under fund it. You just basically said government needs money to run. Might as well say the sun comes up in the East. No one was disputing that. So what's the point?
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    Re: Tom Brady owes the IRS over 60 grand for winning Super Bowl.

    Quote Originally Posted by Cephus View Post
    Why is it wrong? It's income. He owes taxes on income. So do people who win the lottery or any sweepstakes over a certain threshold. Tom Brady makes $31.3 million, plus another $7 million from endorsements and he's going to get even more off of his Superbowl victory. I think he can afford it.
    Said it before, the government needs taxes but the problem that I have is the rate at which everyone is taxed. Look at the truck that he gave to the other player. It cost him thirteen grand to give the truck away. The fact that he can afford it is beside the point. The concept is what I have issue with. In addition, I have an issue with the issue that the rich don't pay their fair share. The rich already carry most of the burden which I find unfair as well.
    "A democracy cannot exist as a permanent form of government. It can only exist until the majority discovers it can vote itself largess out of the public treasury." Attributed to Alexander Tytler

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    Re: Tom Brady owes the IRS over 60 grand for winning Super Bowl.

    Quote Originally Posted by sawdust View Post
    Said it before, the government needs taxes but the problem that I have is the rate at which everyone is taxed. Look at the truck that he gave to the other player. It cost him thirteen grand to give the truck away. The fact that he can afford it is beside the point. The concept is what I have issue with. In addition, I have an issue with the issue that the rich don't pay their fair share. The rich already carry most of the burden which I find unfair as well.
    Then he doesn't have to accept the merchandise and he doesn't incur any taxes on it. It's not that hard to figure out.
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    Re: Tom Brady owes the IRS over 60 grand for winning Super Bowl.

    Quote Originally Posted by Anthony60 View Post
    One could, but I didn't; you did. And that's still arguable, I could argue that the right seeks to properly fund government, not under fund it. You just basically said government needs money to run. Might as well say the sun comes up in the East. No one was disputing that. So what's the point?
    The argument I'm making is that both are subjective positions, and ultimately the bias of the observer will determine the narrative rather than objective facts.
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    Re: Tom Brady owes the IRS over 60 grand for winning Super Bowl.

    Quote Originally Posted by Cephus View Post
    Then he doesn't have to accept the merchandise and he doesn't incur any taxes on it. It's not that hard to figure out.
    Apparently you aren't a math major. The truck is probably a fifty thousand dollar truck. I don't have an issue with the truck being taxed as a capital gain. I do have a problem with the tax which exceeds the gift tax limit, which last time I checked was eight grand. If the final recipient of the truck paid thirteen grand in tax and got a fifty thousand dollar truck in return, we wouldn't be talking about this. The tax code is phuqued.
    "A democracy cannot exist as a permanent form of government. It can only exist until the majority discovers it can vote itself largess out of the public treasury." Attributed to Alexander Tytler

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