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Started By
Message
OBJ’s Rams bitcoin contract
Posted on 1/24/22 at 8:24 am
Posted on 1/24/22 at 8:24 am
16
Posted on 1/24/22 at 8:25 am to hawgfaninc
At the end of the day he still has a Bitcoin at it's current rate.
Posted on 1/24/22 at 8:25 am to hawgfaninc
Yeah but he is also getting incentives for each playoff win
I want to say it was $500K last week and this week and will be another $1 million if they win NFC championship plus additional for Super Bowl win.
It was an incentive laden deal.
I want to say it was $500K last week and this week and will be another $1 million if they win NFC championship plus additional for Super Bowl win.
It was an incentive laden deal.
Posted on 1/24/22 at 8:26 am to hawgfaninc
Why is he paying taxes if he lost money on the investment?
Posted on 1/24/22 at 8:27 am to hawgfaninc
That's funny, but I'm sure he will survive
Posted on 1/24/22 at 8:27 am to hawgfaninc
This assumes he got paid out a lump sum at the start of the contract, which is not how it works other than his signing bonus.
Posted on 1/24/22 at 8:29 am to hawgfaninc
How much is he getting paid or has gotten paid from the Browns?
Posted on 1/24/22 at 8:30 am to hawgfaninc
This is not a big as an oof as it appears. He can sell now and collect the income loss for 2022 tax year and buy ETH to avoid the wash sale and just HODL until the price recovers. (BTC and ETH follow each other pretty closely.)
It will recover and likely increase much more.
It will recover and likely increase much more.
This post was edited on 1/24/22 at 8:35 am
Posted on 1/24/22 at 8:31 am to hawgfaninc
(no message)
This post was edited on 4/14/23 at 12:11 am
Posted on 1/24/22 at 8:31 am to LSU Grad Alabama Fan
quote:
Why is he paying taxes if he lost money on the investment?
Converting your salary to bitcoin doesn't somehow exempt you from paying income tax
Posted on 1/24/22 at 8:32 am to hawgfaninc
OBJ also got a $750K bonus after the Rams beat the Bucs yesterday and will potentially get a $750K bonus if they beat the 49ers and another $1 million bonus if they win the Super Bowl. So OBJ might make up those losses if Bitcoin rises back up in value again.
Posted on 1/24/22 at 8:33 am to LSU Grad Alabama Fan
quote:
LSU Grad Alabama Fan
Bro, your comments...
Can we change your screen name to Alabama Grad LSU Fan?
Posted on 1/24/22 at 8:34 am to hawgfaninc
Another thing. We are only hearing about the $750K because it is public knowledge.
What about the 100s of thousands in BTC OBJ anonymously received form Stan Kroenke that he is paying no taxes on?
What about the 100s of thousands in BTC OBJ anonymously received form Stan Kroenke that he is paying no taxes on?
Posted on 1/24/22 at 8:34 am to LSU Grad Alabama Fan
quote:that will be a separate taxable event. He hasn't (as far as we know) realized those losses
Why is he paying taxes if he lost money on the investment?
This post was edited on 1/24/22 at 8:37 am
Posted on 1/24/22 at 8:38 am to hawgfaninc
I’ve found that most Bitcoin people are like gamblers…
When they’re winning and Bitcoin is shooting up, it’s all they talk about and love to show it off
When they’re losing and Bitcoin is tanking, it’s crickets .
When they’re winning and Bitcoin is shooting up, it’s all they talk about and love to show it off
When they’re losing and Bitcoin is tanking, it’s crickets .
Posted on 1/24/22 at 8:38 am to hawgfaninc
It is fckked up with the feds are doing.
And we don't know where it will go, lots of ppl dumping.
And we don't know where it will go, lots of ppl dumping.
Posted on 1/24/22 at 8:38 am to Bench McElroy
quote:
OBJ also got a $750K bonus after the Rams beat the Bucs yesterday and will potentially get a $750K bonus if they beat the 49ers and another $1 million bonus if they win the Super Bowl. So OBJ might make up those losses if Bitcoin rises back up in value again.
Hopefully he's taking the bonus money in a more traditional form of payment.
Posted on 1/24/22 at 8:39 am to RummelTiger
quote:
Can we change your screen name to Alabama Grad LSU Fan?
But I'm neither of those things, bro.
Posted on 1/24/22 at 8:39 am to LSU Grad Alabama Fan
quote:
But I'm neither of those things, bro.
Yeah...that was the joke, chief.
Posted on 1/24/22 at 8:40 am to GumboPot
quote:
This is not a big as an oof as it appears. He can sell now and collect the income loss for 2022 tax year and buy ETH to avoid the wash sale and just HODL until the price recovers. (BTC and ETH follow each other pretty closely.)
It will recover and likely increase much more.
You're assuming he doesn't have to sell some just to cover taxes. If so he wouldn't have that to buy ETH.
And his taxes wouldn't be 50% because he played games outside CA.
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