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re: Are you happy your tax dollar subsidize the Saints and the NFL??

Posted on 9/12/17 at 8:26 pm to
Posted by ShortyRob
Member since Oct 2008
82116 posts
Posted on 9/12/17 at 8:26 pm to
quote:

How naive are you?

Let's go back to the old deal where he got $23.5 million cash money.

The corporate tax rate is 8%. He would have to generate net, taxable profits of $293.75 million annually. Forbes estimated the Saints had profits of only $77 million in 2016. (that makes the subsidy about 1 third of their profits--more proof they do not need the subsidy to operate) LINK

When you said "Excuse them of taxes, I assumed you meant ALL of their income taxes.

But, OK. The answer is really the same answer. Would that have kept the team from leaving?

The only thing that REALLY matters in this whole equation is simple. The following has to be answered to evaluate it on something based on facts rather than emotion.

1)Would the team leave absent any consideration?

2)If yes, how much consideration does it take to keep them?

3)Is the monetary loss in losing them greater than the amount it would take to keep them?

I've zero interest in evaluating your overwrought emotional responses if you can't answer 1-3.

But, like I said. I didn't start the thread. That YOU don't seem to think knowing the answers to 1-3 is important is the real absurdity in this thread.

Regardless of what I think, you really ought to want to know those answers if you're going to make a big hairy deal about it.
Posted by doubleb
Baton Rouge
Member since Aug 2006
36627 posts
Posted on 9/12/17 at 8:54 pm to
I believe Benson would leave if the state quit subsidizing his operation. That means we'd charge him rent got the Dome, take back concession rights, parking rights, etc. and if we quit leading class A office space from him and all the over reimbursements he gets.

2 To calculate what it has cost to keep the Saints you would have to calculate the dollars spent on the Dome, practice facilities, payments to Benson and all the other subsidies given to Benson over the last half century or so. How much is that?

3 How much would we lose? 10, 15 million???? 20?

I d say we collect 50 cents on the dollar or less.
Posted by I B Freeman
Member since Oct 2009
27843 posts
Posted on 9/12/17 at 9:00 pm to
You think this is about business.

I say it is more important the state keeps their hands out or your pocket PARTICULARLY if it's intention in doing so is to subsidize another citizen's business.

You seem to think it is ok for the state to have taxes to subsidize Benson so long as the state gets back more than it gives them. Why do you think that?

If the Saints gave the state a 200% return on it's annual subsidies should they take all your income to fund the subsidies?

You say there are no subsidies if the return is positive yet the taxes persist. We pay them year after year. Why is that?? It is simple---whatever positive revenue for the state there may be is not going back to taxpayers.
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