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Started By
Message
Odell will have *paid* $188,750 to play in the NFL this year due to crypto crash
Posted on 11/10/22 at 10:50 pm
Posted on 11/10/22 at 10:50 pm
quote:
OBJ's BTC deal now worth $184k before taxes
Taxes were $372,750 (in fiat)
If HODLed, Odell will have *paid* $188,750 to play in the NFL
Older screenshot of his original deal:
LINK
7
Posted on 11/10/22 at 10:52 pm to rickgrimes
He’s still rich as frick. Who cares
Posted on 11/10/22 at 11:10 pm to rickgrimes
The players don’t actually keep all that money in bitcoin. They’re just paid to take it in bitcoin for advertising. I thought that was pretty obvious to anybody with a brain.
Posted on 11/10/22 at 11:28 pm to NFLU
quote:
He’s still rich as frick. Who cares
Him probably
Posted on 11/10/22 at 11:56 pm to rickgrimes
And how much did CashApp pay him to do the contract in Bitcoin and advertise their app?
Posted on 11/11/22 at 6:56 am to rickgrimes
And unless he sold all that crypto that tanked, it very well could go much higher than it was before in the future. And I say that because the internet is undefeated sometimes with its ability to influence crypto.
Posted on 11/11/22 at 8:44 am to James11111
quote:
The players don’t actually keep all that money in bitcoin. They’re just paid to take it in bitcoin for advertising. I thought that was pretty obvious to anybody with a brain.
That makes a lot of sense
Posted on 11/11/22 at 10:32 am to James11111
quote:
The players don’t actually keep all that money in bitcoin. They’re just paid to take it in bitcoin for advertising. I thought that was pretty obvious to anybody with a brain.
Don’t know how people keep falling for those memes. It’s this exactly.
Posted on 11/11/22 at 10:33 am to rickgrimes
If he would’ve put it in the stock market, it would be down 25% and he would’ve taken a 10% hit on inflation. Thanks Brandon.
Posted on 11/11/22 at 3:47 pm to James11111
quote:I'd like to think this is the case, but what's your evidence?
The players don’t actually keep all that money in bitcoin. They’re just paid to take it in bitcoin for advertising. I thought that was pretty obvious to anybody with a brain.
Posted on 11/11/22 at 4:05 pm to rickgrimes
quote:
CA state tax will be 50.3%
His effective rate is much lower. Also,
If he gets paid weekly the value of the bitcoin when he receives it will be the taxable income for that portion.
Posted on 11/11/22 at 4:21 pm to rickgrimes
Only if he cashed out
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