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re: Nico’s money problems

Posted by PeleofAnalytics on 4/22/25 at 1:34 pm
quote:

Nobody here is making a million plus a year. These athletes have agents and accountants that absolutely work the system in their favor to lower the burden.


Again, as a tax accountant, we can only work so much magic. Tax law in the state is the tax law in the state and there are not many tricks you can use when you are getting a 1099 and the bulk of your expenses are being covered by your football program. This isn't some complicated corporate structure where you can play shell games. He is getting a 1099.

And 53% is not some wild number based off of 2 million dollars. A person making $2 million is paying about $692k of federal tax with an effective rate of about 34.5%. You are going to owe about $76k of self-employment tax since he is getting a 1099. Then throw on about $227k of California income tax at a 11.3% effective rate. Combine that all and it is about 49.8%. You going to quibble about him being off by 3.2%.

re: Nico’s money problems

Posted by PeleofAnalytics on 4/22/25 at 10:15 am
quote:

Some of ya'll act like tax experts, pretending to have any idea how tax for NIL works.


Tell us how you think it works. I am a tax expert and NIL works just the same way any other income you earn works. Some states are playing with exempting it but there is NO WAY IN THE WORLD California will be one of those states. With few exceptions (like military, rail workers, truck drivers, etc), if you perform a service in the physical boundaries of a state with an individual income tax, you have to file an individual income tax return in that state regardless of whether you claim residence in another state. California and New York are like the Terminator when it comes to claiming income needs to be sourced in that state. You still report that income in your state of residence meaning you are usually double taxed but most states provide taxpayers with some sort of credit for taxes paid to other states to lessen that burden

But tell us what was said that you feel was incorrect? Most people here have gotten the general idea correct that he will now be paying taxes at the highest marginal state tax rate in the country compared to 0% while in Tennessee. Throw in his slight pay cut and the fact the cost of living in LA compared to Knoxville is about 73% higher, he is taking a massive L.

re: Nico’s money problems

Posted by PeleofAnalytics on 4/22/25 at 10:02 am
California's top rate is going up to 13.3% in 2025.

2025 State Tax Brackets
quote:

Your type thinks real men dress like this. To bad your Kamala donations did not help her


You calling other people Kamala voters when your comment makes you sound like one of these freaks on E!


I never thought of Pfteven as a controversial poster. Just retarded.

re: Rats off a sinking ship.

Posted by PeleofAnalytics on 4/21/25 at 3:47 pm
This is a unique take on this.

We thought his dumb frick dad overplayed his hand, the amateur tactics went public and then his name became toxic and he had to take the last bag of money available which was significantly smaller.

But your version is cute.

quote:

So if they flop before the ball is spotted then no penalty?

99% of the time they are getting direction from the sideline before going down and it takes some coordination by coaches picking the guy they want to go down and have to sit out the next play. It’s just a lot harder to effectively use fake injuries within the first few seconds of a play ending.
quote:

clearly lied to Congress which is a federal offense.


Opening my wife's mail is a federal offense.

And I think you are going to have a hard time making treason stick to his company sharing US citizen user data with China. I haven't heard of a single CEO ever get charged, much less with treason, when their company illegally shares data so I doubt zuckerberg is the first.

You gonna start a thread on china patterns next?
quote:

Back to top
Posted on 4/15/25 at 9:35 pm to imjustafatkid
quote:
No one remembers things that didn't happen.


I just Google searched “did Brandon miller bring a gun to a capital murder scene” and artificial intelligence seems to believe that’s exactly what happened. I’m not sure who to believe - a dropout from Dothan High School or a large language model that costs into the 10s of billions of dollars.


Is this the same google AI that said to add elmer's glue to your pizza cheese to make it stick better? You do seem retarded enough to put glue in your pizza.
Maybe Americans will start figuring out good fortune and happiness does not come from buying cheap Chinese goods manufactured by slave labor.
I always got a kick out of these pictures. Have you ever gone to a walmart in an Urban area? Half the people that walk out after using foodstamps drive cars like this. You don't need a wealthy booster to drive around with a car like this. Just a down payment and zero fiscal responsibility.

quote:

Don’t blame the NCAA for NIL




They could have gotten ahead of the issue but the schools wanted to keep everything. So they let it reach critical mass and then it got blown up. They had every chance in the world to release some pressure on the powder keg but they didn't.
quote:

Please tell me how many schools have the jersey of "the best QB in school history" retired that didn't either lead them to a championship or win the Heisman. It's 100% being retired because of Deion...and that's pathetic.


Peyton Manning
Eli Manning
Brett Favre
Dan Marino
Terry Bradshaw
Philip Rivers

I got tired. There are a lot.
quote:

I want our 33 wins back.


quote:

Oh look Hold Da Mayo is back with another stupid account


I'm going with this since there is a theme with his alters.

Hold De Mayo and Grand Isle Secretz are both clever names his uncle gave their special bedroom games when he was a kid.

It reminds him of good times.
quote:

Recruit kids from good families and never let them think they have the slightest bit of leverage and you’ll be fine.


How many kids from good families do you think there are to go around. What do you think the ratio is out there?
It is hard to compare the 2 because in the NFL, the rules and most of the negotiations are pretty consistent and generally out in the open.

The NFL CBA says the teams are allowed to do ABC and the players are allowed to to XYZ. The vast majority of the contracts are not 1 year deals in the NFL. And if a player or team violates a rule, they can potentially get slapped silly with fines.

NIL and the NCAA is pretty much anything and everything can go. There are few rules. The schools/collectives have to follow some but what the hell do the players have to follow?

Until NIL gets a little close to the NFL, these players definitely run the risk of being looked at way worse than some NFL camp holdout.