Posted on 01/10/2023 4:45:07 PM PST by PJ-Comix
Maybe someday he’ll be an anonymous loser trashing successful men online on a Tuesday night.
If you are paid $10 million in company stock as part of an advertising contract, you must pay taxes on it as if it was paid to you in cash.
If the value of the stock then goes to $0, then you have a $10 million loss that can only be written off against other capital gains. If you have no other capital gains, then you can only write off a maximum of $3,000 per year against your ordinary income.
So it’s possible that Tom Brady has paid several million dollars in income taxes for shares of stock that are worthless now.
“Bradenfreude”
It would warm the cockles of my heart to see the Clintoons take a devastating financial hit. I hope to hear a similar rumor about Barry & Mike Obammy.
“you’re already rich, so what’s the point?”
Well, by the same token, if you are a billionaire, risking a million or two is not taking a big risk. Brady might have 500 million sitting in very safe investments and just playing with the rest for his own amusement.
Depending on when he bought in, he might have lost $90 million dollars.
“He’s a triple loser: losing at football, lost his wife, lost money.”
Grow up.
Was FTX a publicly traded company?
If not, how can his shares be valued until he tries to sell them?
“Now Brady will have to play until he’s 80.”
Don’t quit your day job ...
“Maybe someday he’ll be an anonymous loser trashing successful men online on a Tuesday night.”
He will never be a loser.
“Was FTX a publicly traded company?”
Read the article. Paragraphs 1 and 2.
Doubt if they put money into it. They would have been GIVEN shares.
You completely misunderstood my post.
“You completely misunderstood my post.”
Please explain your post.
“Maybe someday he’ll be an anonymous loser trashing successful men online on a Tuesday night.”
The FReeper trashing Brady is an anonymous loser trashing a successful man.
I was mocking the nobody trashing Brady.
ok.
Im sure the Clintons got their money, and other peoples money up front.
He probably got paid in stock. For a couple hours work. He doesn’t care.
He’s already signed a deal with Fox.
But he has a couple years left.
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