Quote:
Originally Posted by Henry17
Are you even capable of reading?
My response was to your claim that he would recover the tax money via sponsorship. He won't. It will take $8.25M in sponsorship to have an after tax gain equivalent to his tax liability for the ME win. It is very unlikely that he will ever get $8.25M in sponsorship.
I then said this is all just a hypothetical if the choice was given between being a sponsored pro and being taxed or not sponsored and not taxed then the second is always better unless your total sponsorship is equal to or greater than your total winnings. I then made it clear that the choice is not given in situations like this but that we were talking about hypothetical situations where there is much less publicity.
Anyway. I'm done. You don't know what you are talking about and it is tarding up the topic. The only valuable information in the last twenty posts is that he should be moving to Alberta before the end of the year if he wants to keep $1M more.
You clearly have some low self esteem issues. Throwing out personal insults. I know you like to be the know it all in this thread and you're used to guys like mastertop101 making you feel smart.
You said his sponsorship deal wasn't worth more than 200k. Who doesn't know what he's talking about? Joe Cada got around 1 million for his first year.
You said it would take 38 years at 200k/year BEFORE additional tax. This is clearly wrong since I clearly showed the math for 41 years AFTER tax which is a massive difference and still based on your ridiculous 200k figure.
You said he would still be a lock in court for being proven to be a professional player if he didn't accept sponsorship. You have no way to prove this.
Finally your last post does have something. It's clear and concise about our argument. Is the sponsorship deal worth 8.25M over the course of Duhamels entire life? I think it's not impossible and you disagree. That's what all this really boils down to. That's fine you're entitled to your opinion but you didn't need to be pretentious and arrogant about it.
I mean you went as far as to say it was "mathematically impossible" for him to get 8.25M out of this deal in his entire life. He's getting at least 1 million out of it in his first year. It doesn't take a stretch of imagination to think he could make well over 8.25M riding this out for a decade.
About "useful information in the past 20 posts," None of this is useful. He's not going to read this and move to Alberta. We're just discussing the ramifications of publicly claiming pro status after a big score and the value of sponsorships for our own interest.
You're then one throwing out 38 year figures and 200k guesses that are totally off and then saying I'm not on the main point.
Last edited by ebffs; 11-24-2010 at 10:02 PM.