Maurice Hampton entering the transfer portal

Discussion in 'The Tiger's Den' started by MobileBengal, Mar 11, 2021.

  1. Buzz69

    Buzz69 Freshman

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    My wife would be calling 911 after about six for me.
    ETA: I typically drink one 32 oz Miller in the evening.
     
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  2. Bengal B

    Bengal B Founding Member

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    You might be a worthy opponent. You do drink the Tall Boys. Only rookies do the 12 ounce curls.
     
  3. Bengal B

    Bengal B Founding Member

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    Living the High Life with the champagne of beers.
     
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  4. Nutriaitch

    Nutriaitch Fear the Buoy

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    it’s not any where close to that simple.

    that $1.8m is a one time thing. and you get the living shit taxed out of it. easily leaving you with less than a mil.
    You gotta find a place to live and wheels (if you don’t already have them).

    so now you’re down to maybe $600k.
    damn good chunk to have laying around. but it’s not a ridiculous amount that’s an absolute no brained to take.
    because in the minors you make less than $30k a year (some make less than $20k) until you make it to The Show and get a major league contract. So you living off some of that $600k and not stashing the whole amount.

    OR

    you go to college get drafted in the late rounds of the NFL draft and get paid $800 k a year starting day 1. Ball the fuck out, get drafted early, now your bonus is multi-millions plus you’re getting paid in the millions per year.

    and if NFL doesn’t take you, the above baseball scenario happens at 21 instead of 18.
     
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  5. MobileBengal

    MobileBengal Founding Member

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    :D

    Sounds about like me. Most nights are either none or three. Some nights are 10. Those are definitely less frequent that they used to be!
     
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  6. Bengal B

    Bengal B Founding Member

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    Your tax numbers are off. The federal tax rate on incomes between $1.million a d $2 million is 25.1%. That leaves $1,350,000. Assuming that you were smart enough not to hire an agent, just a lawyer to set up a corporation for baseball services a d that you made yourself an employee of the corporation the corporation could pay you enough money over the $30k you would make in the minors the corporation's income from investment would more that cover the $10k to $20k it would pay you as well as continue to grow.

    Whatever the corporation paid to you would be deductible so you would only pay tax on your minor league salary plus the extra as the corporate employee.

    So if you played in the minors for a few years and never made the big leagues you could still do whatever you wanted with the rest of your life. Go to college, start a business or even just live comfortably if not ostentatiously. You could even just play golf or go fishing for the rest of your life if that's what you wanted to do.
     
  7. Nutriaitch

    Nutriaitch Fear the Buoy

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    so if at 18 years old you know all of the above shit you just said .... sure
    but if you're like every other 18 year old on the planet, you think much more like what i posted.
     
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  8. LSUpride123

    LSUpride123 Let's have a drink.

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    No no. If you have single year income of 1 million you are losing over 36% currently and Biden is pushing to 39% then add state tax. Its robbery.

    upload_2021-3-13_10-48-48.png
     
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  9. Bengal B

    Bengal B Founding Member

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    Google says the rate is 25.1% from $1.5 to $2.0 and it's 20% for $10 million. Maybe the tax is lower at $1.8 than at $1 million. I didn't look at the tax code. Just googled it.

    And of course you would form your corporation in a no state income tax state like Texas, Florida or Nevada.
     
  10. Bengal B

    Bengal B Founding Member

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    If you're 18 and have a high projected income your daddy should know these things.
     
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