What will Dale do with $100000

street.jpg


5zof4hy.jpg
 
I wasn't referring to deductions but that is an even better point than I was trying to make. If you receive $100K as income as part of being a pro skier you can deduct your expenses that are involved being a pro skier (ie. travel, lift tickets, supplies, etc.). This lowers your taxable income and lowers your tax liability. However, I think that point would be irrelevant because those costs should have already been deducted.

The point I am making is effective rate vs. marginal rate. Given the progressive structure of US tax you are not taxed at 28% on every dollar you earn. You are only taxed 28% on every dollar earned once you are in that bracket. Your income that falls in lower brackets is taxed at lower rates. If you would like further explanation I would be happy to do so when I am not at work being an accountant.

Here is an artice about marginal vs. effective:

http://www.bankrate.com/financing/taxes/marginal-vs-effective-tax-rates/

Here is a link to the 2013 IRS tax tables:

http://www.forbes.com/sites/kellyphillipserb/2013/01/15/irs-announces-2013-tax-rates-standard-deduction-amounts-and-more/
 
What I am saying is that I'm pretty sure contest winnings are not treated as ordinary business income, but more like a taxable windfall. Otherwise, I as a Canadian could rely on the tax treaty and not be subject to withholding tax. I don't think it works that way, is what I'm saying.
 
you guys have to be kidding me right? this whole contest is to expose new people who are good at skiing and film/editng.....not pick the guy who is all ready pro, and his filmers are allready in the industry.
 
Yeah prize winnings definitely don't fall into that category. Since he takes it as a lump sum, its essentially like a bonus at work. The tax on your bonus is calculated separate from your income - they calculate the bonus as if it were one payment of the corresponding yearly salary so your tax rate is way higher.

For example - as an intern, I make roughly $800 a week, for 3 months. But I pay the taxes equivalent to making $800/week for an entire year. So his taxes will be paid based off the assumption that his "bonus" is his weekly/biweekly check - thus extremely high.
 
No it's not....

"The Co-Lab is a skill-based contest, open to the public, where the new generation of skiers will showcase their skill and creativity in their fully original, up to 5-minute film segment of their best freeskiing"

Maybe you don't, but I would definitely consider Dale to be in the "new generation" of skiers.
 
I would think that at least half would go to the 4bi9 filmers and editors that made it happen.(AJ, Andrew, etc.)
 
im not saying dale isnt good, because god dam he is! im just saying that this "contest" seams to be more geared to up and comers, to try and get them out there!
 
Dale will do whatever the hell he wants with the money. However, what I would like to see him do with the money is invest back into 4bi9 to making them have a greater reach.

Honestly I probably would give 10 percent to the videographer and editor. And probably 20 percent or more to 4bi9 and the rest just use for hookers and blow.

 
Its not opinion, its fact. This contest was open to ANYONE, it wasn't made for up and commers it was made for the best segment that can be made.
 
You sir are fucked, 10%, you are a prime example of why media is going to shit, people just don't seem to understand the monetary value of art, and how much work and effort, just like Dale's skiing, goes into it.
 
yea, the thing is there doesn't need to be money in it. People who are passionate will create regardless of financial compensation. The only monetary value in art is commercialization, or to show opulence.
 
The real question is

What will ns do when their favorite fanboy doesn't get 100g?

I'm going with at least 13 pages of prepuberecent teen angst and at least one thread over @ tgr

cereal

watched most of the entries last night

some serious skiing of some serious sicky gnar lines

I don't know how you think the top 21 atheletes that are slaying those lines are gonna give that prize to a viddy that lacks that
 
He will invest it in the sure fire, stable and profitable economic system that is the United States stock market...
 
pretty sure you should stop arguing with him.

I read the other day on either Freeskier, or the Collab website (forget which) that the Collab contest was created with the intent of getting the biggest pros to enter. they thought the 100K prize would do that. and though some big names entered, it was mostly more unknown people
 
You must log in or register to reply here.
Back
Top