: Injury Report:
Mike Sauer out with concussion (1/18: Still "month-to-month")
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12-10-2012, 05:54 PM
Join Date: Feb 2002
Location: LA, CA & NY, NY
Originally Posted by
Gotta love people who don't pay taxes and never made any money, but want to talk trash because they are jealous of others.
In addition to 35% income tax, you pay almost 8% SS tax (double that if you are running your own business), plus state and local taxes. I make significantly less than Sauer, and I take less than half my money home.
For all the BS talk about the "1%" notpaying their fair share, the top 1% pay over 40% of taxes and the top 5% pay 80% of taxes. There is a reason for this, and the fact that nobody is taking taxes into account is a sign of utter ignorance.
Sauer's take-home was no more than $1.5. Buying a small Brooklyn condo will run him a minimum of half a million, plus all types of fees and expenses (furniture, fixup, et). He will be left with no more than $800k to live about 60 years from his rookie year to death, assuming average life span.
That comes out to $13,000 a year. Can you survive on that? But wait there is more... Inflation reduces this in half every 20 years. So when he is 43, it becomes $6,500 in today's money. And when he is 65, it will be about $3k in today's purchasing power.
What upsets me most about your statement is to compare a world talent who practiced since the age of 5, and left his home at the age of 16 to take a huge risk to whom? People who spent their youth smoking weed and generally having fun?
There are 3 rules of success:
1. The more you work when you are young, the less you work as an adult.
2. The riskier your action, the higher the payoff.
3. A rare talent gets paid more than a person without an irreplaceable skill.
Major league players qualify under all three. "The Average Joe" does not. A no talent person who didn't even bother to do homework as a child, much less train for something, who never took any risks (start a business, etc) cannot compare himself to an NHLer. He flat out does not deserve am above average lifestyle because he never did anything above average.
thanks for making this post, I was ready to post similar sentiments
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