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The guy lost 6.5 million dollars for returning to LA and for him it's no small amount...He was never a big NBA earner by Star standards...he made a legit sacrifice so deal with it es
Is that the video where he holds it up to the moon and says "behold, Kizzy.... the only thing greater than you are..... yo lips" ?
The guy lost 6.5 million dollars for returning to LA and for him it's no small amount...He was never a big NBA earner by Star standards...he made a legit sacrifice so deal with it es
That's nothing compared to the 500 you lost... errr... wait. nm.
How much do you think Fisher has made over his entire career?
I didn't think you'd have a legit come back to 6.5 mill...No sane person does...this proves his leaving Utah was legit...god just favors LA that's all. now as for you whats this err....wait.nm....are you choking on a or some ?
not much by NBA star standards....For Fish 6.5 mill is everything...people don't just give up 6.5 mill...nothing you 's can really say about that tbh
Yeah there is. He's made 57.8 million total in his career. If I had already made that much money, I'd give up a few million dollars per year (it was actually 8 million dollars over the next 3 years he gave up) if it meant I got to play for the Lakers rather than in in Utah. It was a smart decision, just not an honest one.
Let's break - it- down....rough estimates..
So his rough bring home after all taxes and estimate for taxes, retirement, and medical will be about 32.9 million. This equates to about 2.2 million / yr over a 15 yr career. So if you take the 8 million he gave up in Utah the bring home would have been ~ 4.6 million which translates into 14% of his estimated overall net bring home for the past 15 yrs. However, on a gross basis it's 24%
I would venture to say this 14% net ( after deductions) and 24% gross is a major piece of change for a role player. So you're wrong Dok this was purely a decision based on love for his kid...
and for the record this is also ( deductions) why rich people don't pay their fair share of taxes.. ( wink wink Midget)
Let's break - it- down....rough estimates..
So his rough bring home after all taxes and estimate for taxes, retirement, and medical will be about 32.9 million. This equates to about 2.2 million / yr over a 15 yr career. So if you take the 8 million he gave up in Utah the bring home would have been ~ 4.6 million which translates into 14% of his estimated overall net bring home for the past 15 yrs. However, on a gross basis it's 24%
I would venture to say this 14% net ( after deductions) and 24% gross is a major piece of change for a role player. So you're wrong Dok this was purely a decision based on love for his kid...
and for the record this is also ( deductions) why rich people don't pay their fair share of taxes.. ( wink wink Midget)
It's obvious you don't make any kind of significant money to quote such a low percentage. 15% is in the 11K to 45K range I believe. Fish would be paying 35% on any amount over 300K.
I guess that reinforces your position that Fisher moved to LA primarily out of the love for his daughter, but on the other hand, totally debunks the myth that you're some kind of jetsetter who owns an 800K house. Anyone bringing in that kind of money would know the tax brackets by heart, which you obviously don't.
A millionaire paying 15% Federal.
are you done yet midget..I hate to do this to you but it...since you with me it's a must that I with you...I want all of you to gather around and learn something about the black mans IQ vs those with OCD.
It's obvious you don't make any kind of significant money to quote such a low percentage. 15% is in the 11K to 45K range I believe. Fish would be paying 35% on any amount over 300K.
I guess that reinforces your position that Fisher moved to LA primarily out of the love for his daughter, but on the other hand, totally debunks the myth that you're some kind of jetsetter who owns an 800K house. Anyone bringing in that kind of money would know the tax brackets by heart, which you obviously don't.
30 - 35% is his tax bracket which is what Midget is referring to. However, HIS EFFECTIVE TAX RATE (ACTUAL FEDERAL TAXES PAID AS A % OF YOUR ADJUSTED GROSS EARNINGS) is likely much less (i.e 15 - 20% range or lower) as it is with most millionaires and billionaires. Anyone who knows anything about taxes would realize this. Why do you think the democrats are trying to close all these tax loopholes.
Mid you may need to take a turbo tax 101 class...
Last edited by Koolaid_Man; 09-06-2011 at 10:11 PM.
Yeah, Fish is going to have a real easy time cooking the books as a professional basketball player without getting audited post-haste. What expenses/overhead can he possibly quote that would lower his taxable income and put him in a much lower bracket?are you done yet midget..I hate to do this to you but it...since you with me it's a must that I with you...I want all of you to gather around and learn something about the black mans IQ vs those with OCD.
30 - 35% his is tax bracket which is what Midget is referring to. However, HIS EFFECTIVE TAX RATE (ACTUAL FEDERAL TAXES PAID AS A % OF YOUR ADJUSTED GROSS EARNINGS) is likely much less (i.e 15 - 20% range or lower) as it is with most millionaires and billionaires. Anyone who knows anything about taxes would realize this. Why do you think the democrats are trying to close all these tax loopholes.
Mid you may need to take a turbo tax 101 class...
Until you can show me that Fish has some multi-million dollar business ventures that "went bad," enabling him to skew his actual earnings, that is paying 35%.
"Effective tax rate."
Koolaid_Man, the 11k a year millionaire.
Hey mid can I have my house...and my jetsetting rumper raunching ways...back...
... dot dot dot....lol
"B-B-But his "EFFECTIVE" tax rate is 20%!"
Yeah, Fish is going to have a real easy time cooking the books as a professional basketball player without getting audited post-haste. What expenses/overhead can he possibly quote that would lower his taxable income and put him in a much lower bracket?
Until you can show me that Fish has some multi-million dollar business ventures that "went bad," enabling him to skew his actual earnings, that is paying 35%.
"Effective tax rate."
Koolaid_Man, the 11k a year millionaire.
You have no idea how this works do you midget. Why dont you print this post and take it to your account in fact I dare anyone here who thinks midget is even remotely close to being right take my post up to your tax accountant and watch them agree with every word I've typed.
Midget face it you can't compete with me on any level...
"B-B-But his "EFFECTIVE" tax rate is 20%!"
Let me know when you want to admit your over your head in debating me on this. Kool I would tell you what my degree is in but I choose not to...
Carry on I'll only embarrass you some more...
Does your dumbass realize that for him to only pay 20%, he'd have to manipulate his records in such way that it appears he's making about 50K to 100K a year? Yeah, the IRS is really gon' believe dat.
You have no idea how this works do you midget. Why dont you print this post and take it to your account in fact I dare anyone here who thinks midget is even remotely close to being right take my post up to your tax accountant and watch them agree with every word I've typed.
Midget face it you can't compete with me on any level...
He doesn't have the luxury of hiding income off-shore or the like because his salary is well publicized. The only way he could possibly do it is concoct a phony business investment that went bad, and for him to do that without getting audited like a mother er would require a superhuman accountant with Jesus Christ's blood flowing in his veins.
Prove he pays only 20%. I can prove he pays 35%, because that's his in' tax bracket, while all you got is re ed speculation befitting of your chimp brain.
oh these guys dropping financial pwns
these z crazyyyyy!
And lol "airplanes." Last I checked, I think the Lakers pick up that bill.
http://www.quickanded.com/2010/02/ef...americans.html
Poor guy you really have no idea of what your talking about...this is what some white people do when they don't know or understand an issue. I've laid out point by point and yet you come back with this amamie suggestion about him manipulating his records.
and
Kobe Gold and 5
Duncan Bronze and 4
The stuff of legend, indeed. Do you realize the blue line is "salaried income," which Fish would fall under. The 15% you're going on about is CAPITAL GAINS. Last I checked, a professional basketball player doesn't make his money via capital gains. Sure, it would be easy for a s bag CEO to quote his 500K salary and pay the marginal rate on that, while quoting the rest of his multimillion dollar income as resulting from capital gains (even if it didn't), paying only 15%. So if a CEO pays 200K in taxes on his salary and, let's say, 15 million in taxes on his 100 million dollar capital gains earnings, he's effectively only paying around 15%, which the orange line demonstrates. It's why DoK stated earlier that capital gains tax in this country is a joke, since most of the mega rich get around paying marginal rates by reporting the majority of their income (2/3rd's as the article you linked stated) as capital gains.
http://www.quickanded.com/2010/02/ef...americans.html
Poor guy you really have no idea of what your talking about...this is what some white people do when they don't know or understand an issue. I've laid out point by point and yet you come back with this amamie suggestion about him manipulating his records.
Does Fish have the luxury? No. His salary is too well publicized.
Until your chimp brain can prove otherwise, that paying 35%.
Now go ahead, Kool. Do you what you do best. Backtrack and spin.
Obviously fisher had no shot at a Finals MVP, he played with shaq and the Mamba ...that being said Parker is better.
But, that hit on Scola is pretty freaking underrated no way Kobe or PJ has two more rings without it. i know some people thought that was dirty ...and maybe it was but it sent the RIGHT message ...
And Fisher has hit more clutch shots than any Laker outside of West, Magic Kareem or Kobe.
Yep, even more than Horry but Horry's against Sacramento WAS epic ...
Mr. OCD - Let's get past your cloud of "nothing-ness" so that I can explain it yet again in laymen terms..in my example due to the deductions the effective tax rates based solely on individual income ( not even factoring capital gains) is still less than 20%. Example - in 2007 ( I think that was the year) overall across the nation effective tax rate was less than 15% and we're trending downwards in the last couple of years due to the worsening economy.
I would suggest that you look up the definitions for effective tax rate and marginal tax rate since you seem to imply that 35% is the effective tax rate. No one pays 35% on total gross income and especially not million and billionaires... Your argument is pretty comical...those who lack the knowledge might actually think you're right..But I dare you to bring an accountant on this site and challenge my authority on this issue.
and yes I'm not only a trendsetter I'm a jetsetter as well...
And again, lol airplanes.
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