The Luka Trade: Collusion?

[wizenheimer]

Yeah, it auto corrected to excuse but it should have said "excise."

Oregon has an excise tax but it's $150 and it based on certain tax classifications.

I was self employed from when I was 23 to when I retired at 67. So, 44 years

I was in business in Oregon-->Alaska-->Arizona-->Oregon

my tax classifications went...Partnership-->Corporation-->sole proprietor-->S-Corp-->sole proprietor. I decided there weren't enough tax and financial benefits to being incorporated to warrant all the quarterly filings and paperwork that came with it. So, for about the last 15-20 years I was a sole proprietor without employees. Easy-peasy...relatively

 

[Sheldon Shape]

I was self employed from when I was 23 to when I retired at 67. So, 44 years

I was in business in Oregon-->Alaska-->Arizona-->Oregon

my tax classifications went...Partnership-->Corporation-->sole proprietor-->S-Corp-->sole proprietor. I decided there weren't enough tax and financial benefits to being incorporated to warrant all the quarterly filings and paperwork that came with it. So, for about the last 15-20 years I was a sole proprietor without employees. Easy-peasy...relatively

Please write me in your will.

 

[wizenheimer]

Please write me in your will.

sure...I'll put the picture in your sig in my will and let them figure it out

 

[STOMP]

Luka was already my least favorite player in the league to watch. I like seeing teams who move the ball, pick and roll, good rotations on D... team play. He's a ball hog, dribble dribble dribble, slam my fat ass into you and scream for a call as he hoists another fade away. He complains to the refs all game every game. Now he's going to my least favorite team. The Lakers are that primarily because of the widely perceived unfair treatment they've received from the officials for decades... that and LA sucks.

Pretty sure I won't be jumping on the bandwagon any time soon

STOMP

 

[Strenuus]

This tax talk is so erotic.

 

[Hoopguru]

This tax talk is so erotic.

Do you work in a cubicle?

 

[HailBlazers]

I was suspicious Cronin got rolled over in negotiations such as the Clippers trade and especially his first year and Blazer GM/interim GM.

But he's by far light years better than Nico Harrision.

Hell even John Nash, Rich Cho, and Steve Patterson were all light years better than Nico Harrision.

Trading away a generational 25 year old MVP player who was far more successful than Michael Jordan at similar ages is just beyond reason.

Nico had all the leverage regardless of dough boys health. Dude got abused.

 

[BrianFromWA]

Imagine if the Yankees dumped the Babe because he was fat and an alcoholic

The Red Sox did...:shrug:

 

[Sheldon Shape]

How the NBA allowed scum like the Adelsons to buy an NBA team is beyond me.

 

[SharpesTriumph]

and I never said LLC's are a "tax classification", whatever that means. I'm not even sure what relevance it has

what I said was "LLC's have different tax rates, in different states, but there will still be some liability"

the liability I was talking about was tax liability

See you still don't understand it. An LLC activity can all be directly on an individuals tax return. So the premise that LLC have different tax rates than individuals is sometimes false as they can be identical when they are on an individuals returns.

An LLC can alternatively be on its own tax return as a partnership or a corporation and then they would be taxed in those ways.

An LLC is a legal structure, it doesn't have a single defined tax treatment.

 

[SharpesTriumph]

my tax classifications went...Partnership-->Corporation-->sole proprietor-->S-Corp-->sole proprietor.

All of those could be an LLC.

 

[wizenheimer]

All of those could be an LLC.

maybe...but they weren't

See you still don't understand it. An LLC activity can all be directly on an individuals tax return. So the premise that LLC have different tax rates than individuals is sometimes false as they can be identical when they are on an individuals returns.

An LLC can alternatively be on its own tax return as a partnership or a corporation and then they would be taxed in those ways.

An LLC is a legal structure, it doesn't have a single defined tax treatment.

what are you even arguing?

my contention is that Doncic will pay more in taxes on his salary in CA than he would if he was still in Texas. Do you dispute that?

 

[Natebishop3]

Something interesting....

If you subscribe to the theory that the Blazers pushed Dame out by drafting Scoot and stealth tanking, this is why. The massive fit that the Mavs fans are throwing right now. If Dame had not asked for a trade and the Blazers had traded him a year earlier like I wanted, there would have been a large number of fans who would have absolutely furious at the team. So I am 100% convinced the team pushed him into a position where he had to ask out.

 

[SharpesTriumph]

maybe...but they weren't


what are you even arguing?

my contention is that Doncic will pay more in taxes on his salary in CA than he would if he was still in Texas. Do you dispute that?

I'm not arguing anything - I just made a factual statement in reply when you had posted an incorrect one.

I never disputed Doncic will pay more in CA than Texas.

 

[PDXFonz]

God, I hate taxes! I have to do taxes in every state I work! Absolute pain in the ass,

That actually sounds like a nightmare considering how much you travel not just for the NBA but all the other work you do.

 

[SharpesTriumph]

That actually sounds like a nightmare considering how much you travel not just for the NBA but all the other work you do.

Yeah if it's an NBA star making 10 million+ per year I'm sure they can have an accounting team deal with it all.

Didn't really think of all the NBA staff, but yeah they would have to deal with filing in all the same states.

Probably quicker to list the states you don't have to file in than ones you do.

 

[1 Eye Jack]

This trade has shook the stars in the NBA. They thought they were untouchable. Anthony Edwards was shook he told his GM to please let him know if he’s ever being traded. Embid actually played and had triple double asked why he played so well “because I didn’t want to be traded”.

 

[HansenYang]

This trade has shook the stars in the NBA. They thought they were untouchable. Anthony Edwards was shook he told his GM to please let him know if he’s ever being traded. Embid actually played and had triple double asked why he played so well “because I didn’t want to be traded”.

Its good when people get shaken up a bit on occasion.

 

[SharpesTriumph]

Its good when people get shaken up a bit on occasion.

Couldn't this lesson have been done without the damn Lakers being gifted another superstar?

 

[SharpesTriumph]

'Dallas deserves better' | Mavs fans start anti-Nico Harrison, anti-Adelson billboard fundraising campaign

https://www.wfaa.com/article/sports...test/287-fe2e6fc7-2db8-4d86-a68e-5c0b4fd226f7

https://gofund.me/e945e637

I said what the heck and gave them $10... will be funny if they get enough for the billboard.

 

[SharpesTriumph]

I wonder what the equivalent Lillard trade would have been???

Maybe when Lillard was 25 and beat the Clippers in the playoffs if we had traded him the next year for DeAndre Jordan and a FRP?

Jordan was actually 1st team All-NBA that year (Anthony Davis was 2nd team) while younger (28 vs Davis 31) and obviously Lillard wasn't 1st team All-NBA as Luka, didn't get us to the Finals, nor get us to the WCF a couple years prior so even that comparison is short selling Luka.

Plus seeing Lillard win on the Clippers would have been painful - but him on the Lakers???

Yeah I can see why Mavs fans are irate.

 

[Wizard Mentor]

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[SlyPokerDog]