Vick has blown $30million | TigerDroppings.com

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sgallo3
USA Fan
Dorne
Member since Sep 2008
15779 posts

Vick has blown $30million



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headline story on yahoo. this is an example of what is wrong with todays news.

the headline is that he has BLOWN $30 million since 2008

when u read the article it says he spent the money the following ways

quote:

The gossip site got a hold of some of the NFL player’s bankruptcy papers and found that Vick paid$10.9 million in taxes, $9.2 million to creditors, and $2.7 million to accountants and lawyers. That adds up to $22.8 million. The rest of the money was apparently spent on child support, living expenses, and other purchases.


so he spent $22.8 million of the $30 million responsibly, and with having kids and such i think its pretty reasonable that he couldve spent $5.5 million on living expenses the last 4 years, and would imagine that is less than a lot of his teammates

how can they even count the money paid in taxes amongst money spent?



This post was edited on 10/3 at 3:11 pm



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stapuffmarshy
Syracuse Fan
lower 9
Member since Apr 2010
12905 posts

re: Vick has blown $30million


Vick Blows




fixed FYI






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Sherman Klump
UConn Fan
Wellman College
Member since Jul 2011
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re: Vick has blown $30million


You are a fricking moron.





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BRgetthenet
LSU Fan
Golf Board Smash Lab™ CEO
Member since Oct 2011
66051 posts

re: Vick has blown $30million


because paying the IRS is a waste of money, duh





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sgallo3
USA Fan
Dorne
Member since Sep 2008
15779 posts

re: Vick has blown $30million


quote:

Sherman Klump


either contribute to the thread or shut the frick up

quote:

Vick Blows


i've never really been a fan. as soon as the wheels fall off the eagles are going to be regretting that $100mil ($40 guaranteed)contract they gave him last year.



This post was edited on 10/3 at 3:14 pm


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southernelite
McNeese State Fan
New Orleans
Member since Sep 2009
41802 posts

re: Vick has blown $30million


Doesn't sound like he spent his money wisely. I'd consider that blowing it.

Why did he owe 9.7 to creditors? You don't just "spend" $30mm






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Sherman Klump
UConn Fan
Wellman College
Member since Jul 2011
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re: Vick has blown $30million


I wouldn't really call owing $9 mill to creditors and $10 mill to taxes responisble. Seeing as those amounts are so large probably due to penalty and interest.


This post was edited on 10/3 at 3:18 pm


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stapuffmarshy
Syracuse Fan
lower 9
Member since Apr 2010
12905 posts

re: Vick has blown $30million


quote:

Vick Blows



i've never really been a fan



me either obviously


quote:

the eagles are going to be regretting that $100mil ($40 guaranteed)contract they gave him last year


I think they already do actually



and yes the man wasted lots of that money






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sgallo3
USA Fan
Dorne
Member since Sep 2008
15779 posts

re: Vick has blown $30million


he filed for bankruptcy in 2008, he made a settlement with creditors where he has to pay them off through 2014

quote:

So despite the fact that Vick has blown through $30 million over the last four years, only about $1 million of that has been spent on personal expenses. And personal expenses doesn’t mean a Lamborghini. His $300,000 living expenses covered things like rent, food, and education for his kids.

According to Yahoo, the “reorganization plan” strictly dictated where Vick could spend his money. For instance, the star has been allowed to spend $4,250 per month on rent and utilities and $472 per month on a car.





This post was edited on 10/3 at 3:20 pm


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southernelite
McNeese State Fan
New Orleans
Member since Sep 2009
41802 posts

re: Vick has blown $30million


So just because he settled to pay off old debt he didn't "blow it".

Come on, Vick blew the damn money, probably on retarded shite.






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Sherman Klump
UConn Fan
Wellman College
Member since Jul 2011
2313 posts
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re: Vick has blown $30million


I can't tell if you are being serious. He has to be told how he can spend his money now, yet you think his choices weren't that bad?





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stapuffmarshy
Syracuse Fan
lower 9
Member since Apr 2010
12905 posts

re: Vick has blown $30million


quote:

His $300,000 living expenses



so hard to live on that



quote:

the star has been allowed to spend $4,250 per month on rent and utilities and $472 per month on a car




nah not a waste. Can't find a nice place to live for less than 3k a month nor a decent car to lease for less than 400 a month




GMAFB


eta: yea I know he's got kids to feed, thanks Spree!!!!



This post was edited on 10/3 at 3:25 pm


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tigerpimpbot
LA-Monroe Fan
The 561
Member since Nov 2011
31680 posts

re: Vick has blown $30million


quote:

For instance, the star has been allowed to spend $4,250 per month on rent and utilities and $472 per month on a car.


I wonder if Ron Mexico gets an allowance too.






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Draconian Sanctions
LSU Fan
2011 SECr Hall of Flame Inductee
Member since Oct 2008
42403 posts
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re: Vick has blown $30million


quote:

I wouldn't really call owing $9 mill to creditors and $10 mill to taxes responisble. Seeing as those amounts are so large probably due to penalty and interest.


maybe, maybe not with the creditors.

10 million in taxes is reasonable when you consider how much he has made. Nothing you can do about Uncle Sam.






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reb13
Ole Miss Fan
Oxford, MS
Member since May 2010
10088 posts

re: Vick has blown $30million


quote:

$2.7 million to accountants and lawyers.


I thought this was high but then I remembered he had a little legal problem.






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nofear67
LSU Fan
Houston
Member since Jan 2006
1376 posts

re: Vick has blown $30million


quote:

I wouldn't really call owing $9 mill to creditors and $10 mill to taxes responisble. Seeing as those amounts are so large probably due to penalty and interest.

Wow! The fricking guy was in prison and bills don't just fricking go away. Jesus fricking Christ!






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sgallo3
USA Fan
Dorne
Member since Sep 2008
15779 posts

re: Vick has blown $30million


quote:

I can't tell if you are being serious. He has to be told how he can spend his money now, yet you think his choices weren't that bad?


i'm saying his choices since he has been given a second chance haven't been bad. of course he did dumb shite before but he had the largest nfl contract ever and lost at least $100 million because of fighting dogs



This post was edited on 10/3 at 3:36 pm


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guedeaux
LSU Fan
Houston
Member since Jan 2008
10814 posts

re: Vick has blown $30million


quote:

Nothing you can do about Uncle Sam.


rich white people laugh at this comment






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OBUDan
LSU Fan
Chicago
Member since Aug 2006
40382 posts

re: Vick has blown $30million


quote:

Why did he owe 9.7 to creditors? You don't just "spend" $30mm


Because he made a lot of stupid mistakes when younger and now he's literally paying for it.






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hiltacular
Georgia Tech Fan
FILA
Member since Jan 2011
9255 posts

re: Vick has blown $30million


I don't see what the issue is, he had a shite ton of bills bc of bad decisions and now he is paying them off? Where is the problem?





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