How much would YOU pay?

[PanthersATL]

2 minutes ago, kungfoodude said:

Me $0 but I also don't really need that $120k tax write off like that guy probably ultimately does.

you can't write off the airplane, hotel, game tickets as tax deduction -- those have fixed costs.

[MHS831]

I would drop the pass and ask for a refund.

[Ocpanthertew714]

This much

[Ja Rhule]

[kungfoodude]

5 minutes ago, PanthersATL said:

you can't write off the airplane, hotel, game tickets as tax deduction -- those have fixed costs.

Since it is an all included in a charity auction, I am not sure if that is the case or not. 

[PanthersATL]

5 minutes ago, kungfoodude said:

Since it is an all included in a charity auction, I am not sure if that is the case or not. 

From the site:
Typically, the amount paid above the retail market value of the item is considered tax-deductible. The retail market value of an item is considered the cost of tangible goods and services received.  Winners receive a receipt containing the retail market value of their purchase that can be submitted to a tax professional for determining any tax-deductible amount. Please note that we're not tax experts and can't provide tax letters or tax advice.

If they paid $1000, but it included one night at the Ritz -- and the Ritz rate would be $500 normally, then they can only deduct the $500 above the cost of the hotel room.

 

Edited August 5, 2021 by PanthersATL

[kungfoodude]

2 minutes ago, PanthersATL said:

From the site:
Typically, the amount paid above the retail market value of the item is considered tax-deductible. The retail market value of an item is considered the cost of tangible goods and services received.  Winners receive a receipt containing the retail market value of their purchase that can be submitted to a tax professional for determining any tax-deductible amount. Please note that we're not tax experts and can't provide tax letters or tax advice.

If they paid $1000, but it included one night at the Ritz -- and the Ritz rate would be $500 normally, then they can only deduct the $500 above the cost of the hotel room.

 

Okay. Still should be a fairly sizeable amount, I would assume.

[CBDellinger]

Thats a lot of $$$... I guess its going to charity?  On the surface that seems cool...  depending on the charity of course. 

[GamecockSmitty4]

1 hour ago, Mr. Scot said:

As to the others, before I pay to catch a pass from a famous quarterback, I'm going to go back and review my high school career.

You know the saying "there's a reason you play defense"? Yeah...I played defense.

I'd essentially be paying to drop a pass from a famous quarterback.

Make sure that contract states you will catch the pass. Drop the ball every time. Tom gets pissed. You offer him an out for 120k. Profit. 

[beo]

 

• Quote

  What would YOU pay to catch a pass from....

  -Delhomme

  -Darnold

  -Peete

  -Cam

  -Weinke

  -Beuerlien

  -Testaverde

  -Brian St Pierre

   

I would sacrifice the lives of my entire family if it meant catching a pass from Brian St. Pierre

[Jon Snow]

45 minutes ago, Tbe said:

I’m willing to bet that to the guy who paid, $120k is like $20 to the rest of us 

Doesn't make him less a fool.

[CRA]

Brian St Pierre could buy me a 12 pack of Mich Ultra and I might catch one from him. 

I wouldn’t pay a dime.  If I was mega wealthy and looking for a tax write off? I’m going to see the aliens with Jeff Bezos in space. 

[arbnranger]

1 hour ago, Tbe said:

I’m willing to bet that to the guy who paid, $120k is like $20 to the rest of us 

Haha

Yea, or less. 

[onmyown]

bigcat…that u bro?