PRE-GAME Round 7 - Broncos vs Storm

Sproj said:

He’s been threatening to kill (it) for a long time now, make it the Storm and make everyone’s day.

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mitch222 said:

We are long overdue for a Milf tear down the house game. Seriously hoping its tomorrow night.

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Morepudding said:

Okay so people are saying that if Lodge were to get $500k a season, perhaps $250k of that would need to go to the victim and it would be part of his contract, making both parts count under the salary cap. Now, depending how this was actually paid, it may actually be super beneficial for lodge. If the Broncos were to pay the $250k directly to the family, Lodge would not be taxed on that amount, thus making the $250k payment an equivalent of about $450k to Lodge. Could be a smart move because lodge would essentially be earning $700k a season...

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Jason Simmons said:

What?

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I bleed Maroon said:

He/she is basically saying the Broncos will pay off Lodge's fine straight up in installments and take it out of his yearly salary, depending on how much his next contract is worth.

I can see the logic, it gets the monkey off Lodge's back quicker, clears the air around the club and the Broncos really don't lose anything. They would've been paying Lodge that money anyway, but I can easily see the Kent's and the Rothfields of the world coming out and having a whine about how the Broncos are paying for Lodge's **** up and not him and all that sort of nonsense.

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Jason Simmons said:

I’m missing the link from where Lodge gets paid $500k, half gets sent to the family and therefore he is essentially earning $700k...

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Cult3 said:

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Jason Simmons said:

Ah, so it only looks like he is getting $700k he actually isn’t getting $700k... Of course! SO many people would obviously think that getting paid $500k, minus $250k is essentially $700k... Lol

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Jason Simmons said:

I’m missing the link from where Lodge gets paid $500k, half gets sent to the family and therefore he is essentially earning $700k...

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Socnorb said:

Is getting financial advice from the Commonwealth Bank.

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Jason Simmons said:

I’m missing the link from where Lodge gets paid $500k, half gets sent to the family and therefore he is essentially earning $700k...

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JAHHW said:

View attachment 2800
So, I think, using their numbers loosely:
- $500k would get taxed close to $250k so his in-hand income would be $250k, from which he would have to pay his debt.
$125k to debt means his $500k salary ends up being $125k.
- if he is paid $250k and the Broncos pay $250k of his debt ($500k total) his tax would be a lesser percentage than compared to $500k, let’s just say $80k for aruguments sake. So that’s $250k - $80k (= $170k) + the other $250k paid to the debt= $420k ‘in hand’.
I think the idea is that it’s far better ‘value’ or more efficient for the Broncos to pay it directly to avoid personal income tax.
I’m certainly no accountant though and very much doubt the legality of it (also, what a can of worms it opens), but am just guessing what is meant by the $700k part - which I can vaguely understand the idea behind, but cannot arrive at in any case.
:porthozthinksthisishot::porthozthinksthisishot::porthozthinksthisishot:

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