Talk of releasing Jones. Sad but true -- adios amigo

[swhitset]

Thought Minnesota and Illinois were the same. Not really sure

As I said above … I have no Idea right now… I can tell you in 2011… MN and WI did not have an agreement… although they did a few years prior to that.

 

[rmontro]

This is a decent article, although the numbers/players info is outdated. What I wish it would do is breakdown 1 players total taxes, if that player was on each of the 32 teams. When compiling said number, leave the road schedule the same, but change the home team games.

What Do NFL Players Pay in Taxes? - SmartAsset | SmartAsset

Top NFL players lose more than 45% of their income in taxes. On top of federal and state taxes, they have to pay a "jock tax" to every state in which they...

smartasset.com

It says California has the highest state taxes. All those 49er players and coaches need to vacate that team pronto, they're losing money.

 

[Schultz]

Correct me if I am wrong, but you said that taxes on Casino winnings are "pretty much the same as the jock tax". When in reality, they are not the same.

Technically, all money made while gambling is taxable and should be reported to the IRS when you file your taxes. Some casinos will collect your tax information when you win a certain amount (varies by Casino and activity you win at). That information is provided to the IRS and you will receive a Form W-2G. If you are not a professional gambler (not your normal source of income), your winnings (after deducting your losses and expenses) are usually taxed at 24%. Professional gamblers declare their net gains as ordinary income and are taxed as such. As far as state tax goes, you are taxed on gambling winnings in the State you live in, not the state you won it in. Now some States where casinos are located do take a % of the winnings before you get them, but if that is the case, you are only taxed on the amount after the cut.

All money made while gambling is not taxable. At the racetrack a wager has to be at 600-1 or more to be taxable. Not sure what the casino rate is. I will read your reply out of respect but then I am done with this topic as I hear there are some actual football things going on.

 

[AKCheese]

Track winnings are all taxable. There is a threshold where money is withheld (same with Vegas winnngs). It’s ALL taxable (minus losses) … unless you’re a tax cheat but thats another matter

 

[milani]

They probably had 2 guys to a room, while staying in $5/night hotels too.

I would love to/hate to, see todays expenses for a professional football team.

No wonder Hornung and McGee had to sneak out that magic night. The room was too seedy.

 

[AKCheese]

Correct me if I am wrong, but you said that taxes on Casino winnings are "pretty much the same as the jock tax". When in reality, they are not the same.

Technically, all money made while gambling is taxable and should be reported to the IRS when you file your taxes. Some casinos will collect your tax information when you win a certain amount (varies by Casino and activity you win at). That information is provided to the IRS and you will receive a Form W-2G. If you are not a professional gambler (not your normal source of income), your winnings (after deducting your losses and expenses) are usually taxed at 24%. Professional gamblers declare their net gains as ordinary income and are taxed as such. As far as state tax goes, you are taxed on gambling winnings in the State you live in, not the state you won it in. Now some States where casinos are located do take a % of the winnings before you get them, but if that is the case, you are only taxed on the amount after the cut.

Not “technically” at all - it’s LEGALLY all money made while gambling is taxable - if you don’t claim it - you’re a tax cheat - the rest of us pay for you

 

[Schultz]

Track winnings are all taxable. There is a threshold where money is withheld (same with Vegas winnngs). It’s ALL taxable (minus losses) … unless you’re a tax cheat but thats another matter

If you win with a 2-1 shot you are not getting a W-2, no matter how much you bet and win. If you hit a trifecta that pays at least 600-1 or whatever the new thresh hold is you are filling out a tax form on the spot.

 

[Pokerbrat2000]

All money made while gambling is not taxable. At the racetrack a wager has to be at 600-1 or more to be taxable. Not sure what the casino rate is. I will read your reply out of respect but then I am done with this topic as I hear there are some actual football things going on.

Again, all earned money, whether through gambling or other ventures is required to be reported and subject to taxes. If you earn under a certain amount (after losses/expenses) gambling, during a taxable year, you may not owe tax on it. When you win at a racetrack on a 600-1 or more bet, it automatically requires the racetrack to issue you a W-2G. Now if you can provide receipts that you lost the same amount in wagers, your net income is zero and you will owe no taxes, but it still is required to be reported.

If you have a part time job that you earn say $800 for doing during the year, you are required to report it (even if you didn't get W2's). Whether you pay taxes on it or not, will be determined by the rest of your return.

 

[Half Empty]

Thought Minnesota and Illinois were the same. Not really sure

I think the two states are different in most respects, being the same only in the quality of their NFL teams.

 

[DoURant]

Looks like the Vikings are looking to move up and draft a QB...

 

[gopkrs]

I don't care if you have a million dollar salary or haven't worked a day in your life. If you hit a big enough jackpot in Vegas you are filling out a Nevada tax form. Same if you are at Churchill in Louisville you get a Kentucky tax form. It does not matter what State you live in. So no I did not mean to say either of the things you alluded to in your above post.

After winning big at the race track; you can start picking up losing tickets on the floor.

 

[Schultz]

Been there done that.

 

[Pokerbrat2000]

Looks like the Vikings are looking to move up and draft a QB...

Predictable, currently their starting QB is Rudy.

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[Pkrjones]

Looks like the Vikings are looking to move up and draft a QB...

Wahington traded Howell yesterday, so they are all-in on Williams or Maye. Wonder if da'Bears will trade out of #1 for (4) 1st rounders OR New England will move back to #11 for (3) of Minnesota's #1 picks?

They must want one of the top-3 or they could sit at #11 for McCarthy, Penix or Nix.

 

[rmontro]

It's crazy to think we got two of the top free agents. We haven't seen anything like this in a long while.

 

[Pokerbrat2000]

Wahington traded Howell yesterday, so they are all-in on Williams or Maye. Wonder if da'Bears will trade out of #1 for (4) 1st rounders OR New England will move back to #11 for (3) of Minnesota's #1 picks?

They must want one of the top-3 or they could sit at #11 for McCarthy, Penix or Nix.

Not to jinx anything, but if it wasn't for Gute's foresight in the 2020 draft, to move up and grab Love, the Packers might be mortgaging their future #1 picks to try and grab one of the top 3 QB's as well.

The Bears will tell you, taking a QB in the first round is no sure thing. They have used 3 top 12 picks in the first round, in the last 24 drafts and none of them panned out.

 

[Schultz]

Good thing Gute didn't rely on that stat in 2020.

 

[Pokerbrat2000]

Good thing Gute didn't rely on that stat in 2020.

What stat is that?

 

[Pokerbrat2000]

Straying away from Jones talk, but without looking, I would wage to guess that the Packers rank pretty high in the lowest amount of draft resources that they have spent on QB's in the last 20 years. Patriots are probably at the top or close to with the Packers. All a result of hitting it big on Favre, Rodgers and maybe now Love.

 

[Firethorn1001]

Straying away from Jones talk, but without looking, I would wage to guess that the Packers rank pretty high in the lowest amount of draft resources that they have spent on QB's in the last 20 years. Patriots are probably at the top or close to with the Packers.

Took a look. If my research is correct, since 2000 the Packers have spent more overall draft picks on QBs than the Bears. 9 v 8. Looks like Packers have spent 2 1sts, 4 5ths, 2 7ths and 1 2nd. Bears 3 1st, 1 4th, 2 5ths and 2 6ths. (draft pick value goes to the Bears spending more, but Packers have them beat on just numbers)

I think that is a result more of the Bears being tied to mediocre 1st round picks (and Cutler) that take them 4 years to realize they aren't the answer then they move on where the Packers have hit with their 1st and the extra draft capital is used for searching for a backup.

The Pats have spent 13 picks : 1(x1), 2(x1), 3(x3), 4(x3), 6(x2), 7(x3)

 

[Pokerbrat2000]

Took a look. If my research is correct, since 2000 the Packers have spent more overall draft picks on QBs than the Bears. 9 v 8. Looks like Packers have spent 2 1sts, 4 5ths, 2 7ths and 1 2nd. Bears 3 1st, 1 4th, 2 5ths and 2 6ths. (draft pick value goes to the Bears spending more, but Packers have them beat on just numbers)

I think that is a result more of the Bears being tied to mediocre 1st round picks (and Cutler) that take them 4 years to realize they aren't the answer then they move on where the Packers have hit with their 1st and the extra draft capital is used for searching for a backup.

The Pats have spent 13 picks : 1(x1), 2(x1), 3(x3), 4(x3), 6(x2), 7(x3)

Thanks for investing the time. I think if there was one pick used on a QB that TT and the Packers wished they could redo was the Brian Brohm 2nd round (#56) pick. That was a head scratcher then, since they had both Favre and Rodgers on the team at the time. While I know that the speculation about Favre's future was on TT's mind and Rodgers future as a HOF QB wasn't fully known, it still seemed like a crazy pick at the time. They also drafted Matt Flynn (7th round) in the draft that year, who turned out to be a much better investment.

 

[Schultz]

Thanks for investing the time. I think if there was one pick used on a QB that TT and the Packers wished they could redo was the Brian Brohm 2nd round (#56) pick. That was a head scratcher then, since they had both Favre and Rodgers on the team at the time. While I know that the speculation about Favre's future was on TT's mind and Rodgers future as a HOF QB wasn't fully known, it still seemed like a crazy pick at the time. They also drafted Matt Flynn (7th round) in the draft that year, who turned out to be a much better investment.

Was Brohm more of a head scratcher than Love? Or is the difference that one didn't work out and the other looks like it will?

 

[Pokerbrat2000]

Was Brohm more of a head scratcher than Love? Or is the difference that one didn't work out and the other looks like it will?

For me, Brohm was way more of a head scratcher. Like I said, the team had Favre and Rodgers, why use a 2nd round pick on a QB? The only explanation I could think of was that TT thought he was drafting 1 hell of a good QB that might be trade bait or he knew Favre was done in GB and felt Rodgers wasn't the guy. Brohm never played a down of real football for the Packers.

 

[Firethorn1001]

For me, Brohm was way more of a head scratcher. Like I said, the team had Favre and Rodgers, why use a 2nd round pick on a QB? The only explanation I could think of was that TT thought he was drafting 1 hell of a good QB that might be trade bait or he knew Favre was done in GB and felt Rodgers wasn't the guy. Brohm never played a down of real football for the Packers.

He was drafted in 2008. Favre was gone. Rodgers was still an unknown and Brohm slipped some in the draft.

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Watching and hearing draft comment in hindsight is pretty comical though.

 

[Schultz]

For me, Brohm was way more of a head scratcher. Like I said, the team had Favre and Rodgers, why use a 2nd round pick on a QB? The only explanation I could think of was that TT thought he was drafting 1 hell of a good QB that might be trade bait or he knew Favre was done in GB and felt Rodgers wasn't the guy. Brohm never played a down of real football for the Packers.

Before this season you could have said most of the same things about Love. IMO.