What will Dale do with $100000

it costs zero dollars to travel. zero dollars for a camera body, lenses, stabilization, filters, microphones, and lighting. it costs zero dollars to have a computer that has enough power to edit HD footage, zero dollars for hard drives to store footage.

Yes, plenty of people make stuff out of passion, but the quality is usually much lower as they can't afford the equipment or time needed to produce high quality content. How are they going to live? Do the grocery store or landlord start accepting Passion Dollars? Are you passionate about skiing? How come you don't ski all day, every day? How come you don't spend your winters traveling the world for the best powder and then your summers in New Zealand.... you know, following your passion? It's because it costs money to do that and you aren't making any money doing it.

What is your point about commercialization? That's exactly what this is. Did you forget about all the sponsor logos? It is essentially an ad for all of dales sponsors. Not to mention, it also works as an ad for TGR.

 
I think the point he was trying to make is that if people are motivated and passionate they will overcome a lot of problems and barriers. Using something like "I don't have a camera" or "I don't have huge sponsors" as an excuse shouldn't be the limiting factor.
 
This argument isn't about that at all. This is about the guy saying that people will create art/film regardless if they get paid or not and that stemmed off the comment saying that the filmers/editors of Dale's segment should receive a measly 10%. It has nothing to do with people actually entering the contest. The context of his post can be taken out of the ski industry and put into any other industry in need of art/creation/film, which is essentially every sort of business because they need promotion to gain customers.

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I understand what you are saying, but what you are referring to is withholding on one paycheck/period. The reason your withholding is typically higher on a bonus when you have a normal job is because you are already in a higher marginal tax bracket (your other income has already put you there). When you have withholding from an employer your compensation and withholdings are reported to you at the end of the year on a W2. You then use that to file your taxes and the amount you had withheld that is over your tax liability is what is refunded to you.

When you are a pro skier with contest winnings it is not the same as being paid on a W2 from an employer. It is essentially the same as being paid as an independent contractor, you have zero amount withheld and then at the end of year your earnings are reported on a 1099. That is then filed on a schedule C and, if you haven't made estimated payments to the IRS (which you have to do if your income is over a certain amount), you pay the tax you owe at year-end on your tax return.

Point is there is zero amount withheld on contest winnings. Yes, I imagine Dale has some income so he isn't starting in a zero percent tax bracket with the $100K, but what I am really trying to say is that he will not be paying his marginal rate (the highest tax bracket you fall in) on all $100K.

Additionally if that $100K is paid to Dale, then redistributed to the other guys at 4bi9, the amount restributed is deductable to Dale as compensation expense to his film crew (then reported as income to who it is redistributed to). Thus further reducing his taxable income and liability. You can use this technique to distribute it amongst everyone to stay in the lowest marginal bracket, further reducing your effective tax rate (tax liability / income). It could even be paid to 4bi9, if it is registered as an LLC or corporation, and depending an how much money 4bi9 earns could be taxed very very little.

Bottom line, if he wins, the government will not be keeping $40K. If they are someone dropped the ball.
 
The tax argument is moot. Dale won't win. Simple facts are that this is not a contest that will be effected by NS choad gobbling contest sway. No one cares that a bunch of 13 year olds from Minnesota wet themselves over his entry.
 
Its true I did say 10 percent. But when I meant 10 percent I meant 10 percent each to both the videographer and the editor. If they happen to be the same person then I will gladly give them the 20 percent cut. On top of that I would also give 20 percent to the film crew company that did the production. In this case 4bi9.

All in all that is 40 percent being put out for videography and editing.

After some comments being read after most post it has been brought to my attention that is way less compensation for what is being done. It does seem more fair to have more money being given to the people who make you a limelight production. Therefore, I would like to say that I would probably do a cut where the videographer, and editor get the same take home as the rider. Whether it be 27.5 for each the rider, editor and videographer, and the rest goes to the production company or what have you.

I wasn't trying to make it seem like the rider does the majority of the work and therefore should get a bigger cut. But that is the way I came across so I apologize to any editor, videographer, or production company that shat on with my comment. Without you guys we wouldn't have glorious videos and edits to watch.
 
It seems like not a lot but there's a 100k comp in surfing and the kid that won it last yeAr only gave 10% coincidentally. Not that I agree with that. Maybe filming surfing is less work who knows. I'm sure they e figured it out
 
i dunno, the travelling they have to do to get to some locations, and the time lapses they do, followed by the housings for their cameras and potentially getting thrashed by waves when attempting to get the shots.

i'd say filming either sport is a challenge for sure.

Also im unsure of how equipment rental works? I mean, if the filmer is using his red epic, he should get a HUGE bonus for equipment. Those things can be 1k a day to rent.

 
In canada, contest winnings are considered windfalls and aren't taxable anyways. I'm not a pro on US taxes either, but I know contest winnings are considered ordinary income and taxed as such. Usually you're able to deduct expenses against your earnings to the extent those expenses relate to the earned income. If dale won the money in a ski contest and those expenses were directly related, he should be able to deduct them.
 
But you forgot the most important rule which is the 10% rule. Maybe I'm too old school but the 10% rule means that you should use 10% of your prize money to throw a big party for your friends. It should include a lot of alcool, drugs, girls and whatever else you feel is appropriate (or innappropriate). I hope with all my heart that this rule is still being applied in the ski world.
 
I freely admit I was wrong. And have no reason to argue why he shouldn't have won.

maybe he'll use some of that money to show us what a complete skier he is. 4BI9 AK trip?
 
Eheath should have never become a mod. He hasn't added anything except heightening his own arrogance because he can now ban people that disagree with him.

It would be k if he was funny like skiierman. But he isnt.
 
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