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Old 02-17-2019, 09:19 PM
 
Location: Staten Island, NY
3,614 posts, read 1,737,176 times
Reputation: 2740

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Quote:
Originally Posted by Rocko20 View Post
Uncle Sam will also get a nice cut from that $60 or so million.
Proceeds from lawsuits are 100% tax free.
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Old 02-17-2019, 09:21 PM
 
Location: Staten Island, NY
3,614 posts, read 1,737,176 times
Reputation: 2740
Quote:
Originally Posted by pknopp View Post
He is still a New England Patriot. That is what I said.
The irony is that Gordon will still get a SuperBowl ring.
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Old 02-17-2019, 09:43 PM
 
6,738 posts, read 2,910,552 times
Reputation: 6714
Quote:
Originally Posted by dsjj251 View Post
I sure Gordon is being played since he is still under contract with the NFL and the Patriots.

If he wasnt, he would be in the AAF or CFL.
What part of suspended w/o pay don't you understand? And the AAF is part of the NFL, their farm club if you will....
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Old 02-17-2019, 09:48 PM
 
56,988 posts, read 35,206,841 times
Reputation: 18824
Quote:
Originally Posted by LGR_NYR View Post
The real test will be if he does what he said he was going to do and DONATE all the money he received from the lawsuit. If he doesn't it just shows him to be the hypocrite that he is. As I said in an earlier post. No one is begging these guys to play, and when they do play they get paid very well. If they choose to throw it all away on some ideology and fall prey to people filling their heads with nonsense. That is on them. A fool and his money are soon parted.
There is no “real test” for Kap. It’s his money and he can do anything he wants with it. Your scrutiny is meaningless.

Have you told anyone else that won lawsuit money what to do with THEIR money? Nope.

If he’s a hypocrite, then he’s a hypocrite with money. Get you some money.
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Old 02-17-2019, 09:51 PM
 
Location: Honolulu, HI
24,636 posts, read 9,464,279 times
Reputation: 22975
Quote:
Originally Posted by LGR_NYR View Post
Proceeds from lawsuits are 100% tax free.
Wrong. This was a settlement of collusion and IRS will get their cut.

Quote:
• If you receive a settlement in an employment-related lawsuit; for example, for unlawful discrimination or involuntary termination, the portion of the proceeds that is for lost wages (i.e., severance pay, back pay, front pay) is taxable wages and subject to the social security wage base and social security and Medicare tax rates in effect in the year paid. These proceeds are subject to employment tax withholding by the payor and should be reported by you as ‘Wages, salaries, tips, etc.” on line 7 of Form 1040.

• If you receive a settlement for lost profits from your trade or business, the portion of the proceeds attributable to the carrying on of your trade or business is net earnings subject to self-employment tax.
https://www.irs.gov/pub/irs-pdf/p4345.pdf

Last edited by Rocko20; 02-17-2019 at 10:05 PM..
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Old 02-17-2019, 09:59 PM
 
Location: The State Of California
10,400 posts, read 15,586,421 times
Reputation: 4283
Quote:
Originally Posted by scatman View Post
Standard is 1/3. So, that means around $20-35+ million.....!
1/3 of 80,000,000 is 27,000,000 in American Dollars Bills
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Old 02-17-2019, 10:02 PM
 
Location: Philadelphia, PA
938 posts, read 446,521 times
Reputation: 1386
Quote:
Originally Posted by desertdetroiter View Post
Lotta conservative feelings are hurt right now. First, Nike’s big gamble on Kap is paying off, and now he grabbed the bag in his lawsuit. LMAO

Damn!! Good for you Kap!! I love it. I love all your haters too. They make my day.
Good for you! But, we all know how this ends - he'll commit suicide or get murdered by one of "his own."


BTW, just say 'white people' instead of conservative, because that's what you really mean.

You got Kap, we got Jussie ...
Slick-mouthed enough for you?
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Old 02-17-2019, 11:22 PM
 
56,988 posts, read 35,206,841 times
Reputation: 18824
Quote:
Originally Posted by Indiana Tony View Post
Good for you! But, we all know how this ends - he'll commit suicide or get murdered by one of "his own."


BTW, just say 'white people' instead of conservative, because that's what you really mean.

You got Kap, we got Jussie ...
Slick-mouthed enough for you?
No. I really mean Conservatives. Liberal white folks don’t seem to have the same hurt feelings as you do.

Commit suicide or murdered by one of his own? You should say what YOU really mean....that this is wishful thinking on your part because you’re mad that he got paid.

Stop hating and get you some money.
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Old 02-18-2019, 12:50 AM
 
2,950 posts, read 1,638,096 times
Reputation: 3797
The nfl, trump, and trump's base lost. Kaepernick won.

It's hilarious. trump must be furious.
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Old 02-18-2019, 03:25 AM
 
79,907 posts, read 44,210,872 times
Reputation: 17209
Quote:
Originally Posted by LGR_NYR View Post
What are you talking about? Kaepernick walked away from the final year of his contract. His choice entirely.
Read the thread. I'm not interested in repeating myself to people who jump in late and haven't followed the conversation.
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