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sgallo3 
USA Fan
Member since Sep 2008
14461 posts
| Vick has blown $30million (Posted on 10/3/12 at 2:57 pm)
LINK
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 (Posted on 10/3/12 at 2:57 pm to sgallo3)
Vick Blows
fixed FYI
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Sherman Klump 
UConn Fan
Wellman College
Member since Jul 2011
1271 posts
| re: Vick has blown $30million (Posted on 10/3/12 at 3:05 pm to sgallo3)
You are a fricking moron.
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BRgetthenet 
New Orleans Saints Fan
Member since Oct 2011
23695 posts
| re: Vick has blown $30million (Posted on 10/3/12 at 3:11 pm to sgallo3)
because paying the IRS is a waste of money, duh
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sgallo3
USA Fan
Member since Sep 2008
14461 posts
| re: Vick has blown $30million (Posted on 10/3/12 at 3:11 pm to Sherman Klump)
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 
LSU Fan
Lake Charles
Member since Sep 2009
33963 posts
 Online
| re: Vick has blown $30million (Posted on 10/3/12 at 3:16 pm to sgallo3)
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
1271 posts
| re: Vick has blown $30million (Posted on 10/3/12 at 3:16 pm to sgallo3)
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 (Posted on 10/3/12 at 3:17 pm to sgallo3)
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
Member since Sep 2008
14461 posts
| re: Vick has blown $30million (Posted on 10/3/12 at 3:17 pm to southernelite)
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
LSU Fan
Lake Charles
Member since Sep 2009
33963 posts
Online
| re: Vick has blown $30million (Posted on 10/3/12 at 3:20 pm to sgallo3)
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
1271 posts
| re: Vick has blown $30million (Posted on 10/3/12 at 3:21 pm to sgallo3)
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 (Posted on 10/3/12 at 3:24 pm to sgallo3)
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
Judicial hell hole 1
Member since Nov 2011
15499 posts
| re: Vick has blown $30million (Posted on 10/3/12 at 3:30 pm to sgallo3)
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
San Francisco 49ers Fan
Member since Oct 2008
29422 posts
| re: Vick has blown $30million (Posted on 10/3/12 at 3:32 pm to Sherman Klump)
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
8223 posts
Online
| re: Vick has blown $30million (Posted on 10/3/12 at 3:32 pm to sgallo3)
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
1091 posts
| re: Vick has blown $30million (Posted on 10/3/12 at 3:33 pm to Sherman Klump)
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
Member since Sep 2008
14461 posts
| re: Vick has blown $30million (Posted on 10/3/12 at 3:34 pm to Sherman Klump)
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
9077 posts
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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
38284 posts
| re: Vick has blown $30million (Posted on 10/3/12 at 3:58 pm to southernelite)
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
ATL
Member since Jan 2011
6099 posts
| re: Vick has blown $30million (Posted on 10/3/12 at 4:08 pm to OBUDan)
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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