Stallworth: Brady paid practice players that picked him off

convertedpatsfan said:

Seriously, I cringed when I read the original headline from Colvin and immediately thought of how the NFL was going to use this. I know Colvin was just trying to talk about how awesome Brady is, but it does raise some illegitimate questions, and the NFL would love the chance to nail Brady and Kraft.

Remember, Al Capone was public enemy #1, was responsible for killing hundreds of people, yet they finally got him behind bars due to...tax evasion.

When you combine trivial and stupid and lawyers, that's right up the IRS's alley. Add in Brady and the Patriots and that's an NFL orgasm.

Ted Wells has already started boat shopping.

Click to expand...

Fixed.

n6249c said:

Fixed.

Click to expand...

The tax questions are legit. Notice Brady had Butler pay the taxes on the truck he gave him for Super Bowl MVP. Older Brady is a bit smarter and more careful than younger Brady.

I'm not saying I agree with it but there are sometimes unintended consequences.

convertedpatsfan said:

Seriously, I cringed when I read the original headline from Colvin and immediately thought of how the NFL was going to use this. I know Colvin was just trying to talk about how awesome Brady is, but it does raise some legitimate questions, and the NFL would love the chance to nail Brady and Kraft.

Remember, Al Capone was public enemy #1, was responsible for killing hundreds of people, yet they finally got him behind bars due to...tax evasion.

Click to expand...

Hold on, everybody: We're talking about personal gifts from one individual to another. No different from, say, buying dinner for the offensive line.

No income tax is owed for gifts under $14,000. Brady may be generous with the practice squad, but I doubt he's that generous.

It's totally, totally fine.

Looks like a job for Goodell and Wells.

Incentive-Gate.

Someone with photoshop skills needs to put together a Batman and Robin with Goodell and Wells....two crime fighting "super heroes"

patchick said:

Hold on, everybody: We're talking about personal gifts from one individual to another. No different from, say, buying dinner for the offensive line.

No income tax is owed for gifts under $14,000. Brady may be generous with the practice squad, but I doubt he's that generous.

It's totally, totally fine.

Click to expand...

Still needs to be reported on your taxes though. I'm sure Goodell is firing up the smear machine right now and demanding that Brady hand over his tax records...

I mean, if the NFL can just ask for anything, why not tax records? It's ridiculous in its premise but so was the whole deflated footballs smear from the start

FirstAndGoal said:

Still needs to be reported on your taxes though.

Click to expand...

Wow, you record your Christmas gifts received on your tax returns?

patchick said:

Wow, you record your Christmas gifts received on your tax returns?

Click to expand...

Nope, never have and never will

I wouldn't put it past the NFL to try it though

I'm taking many of these posts as tongue and cheek responses.

There is no way in hell the NFL goes after TB12 for this. Not now.

With that said I don't think there is an issue here with TB12 paying out straight cash for INTs.

Now if BB, Patricia or a salaried member of the coaching staff or management did it then there is a legitimate question there.

FirstAndGoal said:

Still needs to be reported on your taxes though.

Click to expand...

It actually doesn't. Any person can give another person up to $14,000 with no reporting necessary. If Brady gave more than that, he can say that the additional came from Giz, which is perfectly legal. And even if a practice squader somehow ended up with more than $28,000, nothing is reported as income, Brady just needs to file a gift tax return with the amount over being reduced from his estate's unified credit allowance.

The NFL may have rules to prohibit such activities, but the IRS story is a non-starter.

Oswlek said:

It actually doesn't. Any person can give another person up to $14,000 with no reporting necessary. Even if Brady gave more than that, he can say that the additional came from Giz, which is perfectly legal. And even if a practice squader somehow ended up with more than $28,000, nothing is reported as income, Brady just needs to file a gift tax return with the amount over being reduced from his estate's unified credit allowance.

The NFL may have rules to prohibit such activities, but the IRS story is a non-starter.

Click to expand...

Good to know... tells you how often I've received such gifts

Oswlek said:

Great post. The footage of Butler being coached up about the exact play that won the SB is the cherry on top. Somehow all the cheating allegations never seem to recognize that, if the greatest play in SB history was entirely due to scouting and coaching, maybe the others are too.

Click to expand...

Great scouting and masterful coaching have certainly brought unparalleled success in the age of parity. But I would also suggest that another key component to the recipe for success is collaboration. "Do your job" is not just about individual contributions, it is about ensuring that group and team jobs can also be completed successfully.

What makes Brady unique, in my opinion, is his ability to see the big picture and make the contributions that will make others (individuals, group and ultimately team) successful:

• taking lower than average compensation
• rewarding excellence by any member of the team, including the practice squad
• taking full responsibility for mistakes and failures
• avoiding excuses
  
• deferring praise for success
• acknowledging excellence in others
• understanding that leadership is not about pointing and ordering, but about setting examples through action and performance.

In relating this back to the OP, it appears that Tannehill exhibits few if any of these qualities. Furthermore Philbin's reaction is perhaps one of the reasons he is no longer head coach. In essence he doubled down on dysfunction, supporting his QB's weakness and diluting the effectiveness and motivation of his practice squad players. What the Dolphins have is a collection of football professionals but no team, and they are not alone.

Belichick is also unique and the list his characteristics and behaviors is even longer than Brady's; but one thing he does, that I have not seen replicated, is his disdain for celebrity and his efforts to eliminate the culture of the diva on the one hand, and naysayers (eg locker room cancers) on the other.



Apologies for the link to an ESPN article, but it is one of the rare ones worth reading.

FirstAndGoal said:

Still needs to be reported on your taxes though. I'm sure Goodell is firing up the smear machine right now and demanding that Brady hand over his tax records...

Click to expand...

No, it doesn't necessarily have to.

True gifts (as opposed to quid pro quo payments that are being called gifts as a tax dodge) do not get reported anywhere by the recipient no matter what the amount is.

If Bill Gates gave me $4 billion in MSFT stock tomorrow I don't have to report a single thing.

Gates, however, would have to report a $4,000,000,000 minus $14,000 taxable gift on his gift tax return.

The rules are:

• Recipient never has to report the gift, no matter how big it is (IIRC there are some exceptions when the giver is a non-resident alien).
• The first $14,000 of per-recipient gifts in a calendar year do not have to be reported by the giver, either, no matter how much money is gifted. So if I gave $14,000 each to 100 different people I have nothing to report even though I gave away $1,400,000.
• Once you give more than $14,000 to any one person in a calendar year you have to file a gift tax return but the tax is only based on the taxable portion of the gifts. So if I gave 99 people $14,000 and gave one person $20,000, I would file a gift tax return showing $6,000 of taxable gifts. If I gave 98 people $14,000 and gave one person $20,000 and gave another persion $16,000 I would show $8,000 of taxable gifts (($20000-$14000) + ($16000-$14000)).

Oswlek said:

It actually doesn't. Any person can give another person up to $14,000 with no reporting necessary. If Brady gave more than that, he can say that the additional came from Giz, which is perfectly legal. And even if a practice squader somehow ended up with more than $28,000, nothing is reported as income, Brady just needs to file a gift tax return with the amount over being reduced from his estate's unified credit allowance.

The NFL may have rules to prohibit such activities, but the IRS story is a non-starter.

Click to expand...

Agree that IRS thing is a non-starter, but since this is the internet I must nitpick .

If (in the hypothetical) Giz actually gave the second $14,000 herself there is indeed nothing to report. However, if the whole $28,000 came from Tom they would have to file a gift tax return in order to make the "gift splitting" election. It would result in a zero taxable gift and have no effect on the unified credit, but the return would have to be filed and the gift reported.

Chiuba E. Obele said:

Ryan Tannehill was so upset with the scout team defense playing too hard and intercepting him, that Coach Philbin told them to take it easy on him so as not to hurt the his confidence. Tannehill later told practice squad players to "enjoy your practice squad paychecks" at a dry practice run for Sunday's game in London, according to a SunSentinel.com report.

Click to expand...

I have to ask the question: Does Tannehill understand that he can't do this in a game? And I know you all understand the question, but just in case Mr. Tannehill is picking up on this via the channels, this means that he is NOT going to be able to request that the opposing defense(s) take it easy on him so as not to hurt his confidence. And as obvious and crazy as this might appear, it hits the proverbial nail that has "practice" engraved on it. Nutshell: Tannehill doesn't understand what practice is for and how to train. Fine. Please bring that (i.e. mess) to the games versus the Patriots.

Tannehill =

convertedpatsfan said:

Seriously, I cringed when I read the original headline from Colvin and immediately thought of how the NFL was going to use this. I know Colvin was just trying to talk about how awesome Brady is, but it does raise some legitimate questions, and the NFL would love the chance to nail Brady and Kraft.

Remember, Al Capone was public enemy #1, was responsible for killing hundreds of people, yet they finally got him behind bars due to...tax evasion.

When you combine trivial and stupid and lawyers, that's right up the IRS's alley. Add in Brady and the Patriots and that's an NFL orgasm.

Ted Wells has already started boat shopping.

Click to expand...

Unless he gave them more than $10,000, they aren't obligated to report it to anyone

patchick said:

Hold on, everybody: We're talking about personal gifts from one individual to another. No different from, say, buying dinner for the offensive line.

No income tax is owed for gifts under $14,000. Brady may be generous with the practice squad, but I doubt he's that generous.

It's totally, totally fine.

Click to expand...

I thought it was 10k, but either way he definitely wasn't that generous lol

It's pretty crazy that a joke about tax evasion caused some to have legitimate concern haha, the NFL has really done a number on our franchise

JarOfMayo51 said:

It's pretty crazy that a joke about tax evasion caused some to have legitimate concern haha, the NFL has really done a number on our franchise

Click to expand...

Yep, it's easy to become paranoid when folks really are out to get you! So back to the point of Colvin's message...

It seems like the accounts of Tannehill's hissy fit have been seriously overblown. But even the more charitable versions show a wide gulf between his approach and the kind of leaders who challenge themselves to the limit. Remember RGIII refusing to watch tape of negative plays?

QuantumMechanic said:

No, it doesn't necessarily have to.

True gifts (as opposed to quid pro quo payments that are being called gifts as a tax dodge) do not get reported anywhere by the recipient no matter what the amount is.

If Bill Gates gave me $4 billion in MSFT stock tomorrow I don't have to report a single thing.

Gates, however, would have to report a $4,000,000,000 minus $14,000 taxable gift on his gift tax return.

The rules are:

• Recipient never has to report the gift, no matter how big it is (IIRC there are some exceptions when the giver is a non-resident alien).
• The first $14,000 of per-recipient gifts in a calendar year do not have to be reported by the giver, either, no matter how much money is gifted. So if I gave $14,000 each to 100 different people I have nothing to report even though I gave away $1,400,000.
• Once you give more than $14,000 to any one person in a calendar year you have to file a gift tax return but the tax is only based on the taxable portion of the gifts. So if I gave 99 people $14,000 and gave one person $20,000, I would file a gift tax return showing $6,000 of taxable gifts. If I gave 98 people $14,000 and gave one person $20,000 and gave another persion $16,000 I would show $8,000 of taxable gifts (($20000-$14000) + ($16000-$14000)).

Click to expand...

just wanted to note that in addition to the annual $14k per recipient exclusion, there is also a lifetime exclusion for gifts above the $14k. for 2015, that number is $5,430,000. so even though you're supposed to report gifts above $14k to the IRS, you don't actually get taxed on it until your cumulative gifts reach your lifetime exclusion limit.

any amount of the lifetime gift exclusion that you use for gifts reduces the your estate tax exemption when you die.

bbobbo said:

just wanted to note that in addition to the annual $14k per recipient exclusion, there is also a lifetime exclusion for gifts above the $14k. for 2015, that number is $5,430,000. so even though you're supposed to report gifts above $14k to the IRS, you don't actually get taxed on it until your cumulative gifts reach your lifetime exclusion limit.

any amount of the lifetime gift exclusion that you use for gifts reduces the your estate tax exemption when you die.

Click to expand...

OK, it's official. I'm now turning to PatsFans.com for all of my tax and estate planning needs.