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12-04-2012, 09:23 PM
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Join Date: Dec 2006
Location: Portland, OR
Country: United States
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One thing to remember is that part of any money paid by the city itself would quickly be recouped by a big chunk of extra tax revenues garnered from having Pistons players and officials now working inside the city and paying the income tax and corporate income tax. Using 2012-13 payroll number of ~67.5M, and assuming every team they play at home will have the same payroll amount, that translates to roughly $810,000 in tax revenue from Pistons players (assuming the 1.2% rate) and ~$414,878 in tax revenue from visiting players. From the Pistons corporation tax you are looking at roughly $318,000 (1% of 31.8M income number reported by Forbes for 2010 Pistons), and that number is lowest it had been since 2006. Then you add on top of that income tax revenue from coaches, front office personnel, etc. I might even be wrong on the Pistons income tax (maybe they only pay for the 41 home games and not the full 82 game salary). That means you'd be looking at ~1.15M to 1.55M additional income tax revenue per year just from the players and corporate income tax alone. Now, that's just a drop in the bucket compared to the 650M proposed price tag but it's worth noting as an immediate tangible benefit that would help offset any money the city gives out.

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