Me and the Super Bowl Rings

[raduray]

I had brunch with my nephew-in-law (is there such a thing?) who's a a Patriots scout and I got to try out his rings. He's been with the team three years and already has two.

Interestingly, he has to declare them as income and pay income tax. Ouch!

 

[borg]

Very cool
Did he disclose their “assessed” values?

 

[raduray]

Very cool
Did he disclose their “assessed” values?

I prefer not to disclose any details of our conversation, but you can get an idea by searching the web.

 

[Wheelman]

Sorry to hear! That blows! Just almost makes you want to sell the ring to recoup the loss. You basically end up paying for the ring.

 

[PatsDeb]

Very cool!

 

[raduray]

Sorry to hear! That blows! Just almost makes you want to sell the ring to recoup the loss. You basically end up paying for the ring.

No way he's selling those rings.

 

[Wheelman]

No way he's selling those rings.

I know. I wouldn't either. but you get my drift.

 

[AlexB]

Sorry to hear! That blows! Just almost makes you want to sell the ring to recoup the loss. You basically end up paying for the ring.

You end up paying for your value of the ring * your tax rate, not the whole value. Still sounds like a substantial amount of $.

 

[Clonamery]

I had brunch with my nephew-in-law (is there such a thing?) who's a a Patriots scout and I got to try out his rings. He's been with the team three years and already has two.

Interestingly, he has to declare them as income and pay income tax. Ouch!

I’d be calling him my nephew-in-love-with-you-bro!

 

[Tunescribe]

I had brunch with my nephew-in-law (is there such a thing?) who's a a Patriots scout and I got to try out his rings. He's been with the team three years and already has two.

Interestingly, he has to declare them as income and pay income tax. Ouch!

Thanks for sharing. Having to declare them as income doesn't seem fair at all -- couldn't they just be considered gifts? Seems that's what they really are.

 

[Kontradiction]

I had brunch with my nephew-in-law (is there such a thing?) who's a a Patriots scout and I got to try out his rings. He's been with the team three years and already has two.

Interestingly, he has to declare them as income and pay income tax. Ouch!

Sounds like Massachusetts. That state would tax a fart right out of your ass if they could find a way to track farts.

 

[Clonamery]

Sounds like Massachusetts. That state would tax a fart right out of your ass if they could find a way to track farts.

Just takes an aerosol can. (Hmm, maybe that’s why they banned ‘em.)

 

[IndianPat]

I am speculating that the Patriots organizations will give a monetary bonus equivalent to 1/3rd value of the ring to all staff (non-players) who receive the rings. Towards tax relief.
That aside, it would be so cool to receive those rings as a part of the organization.
Does anybody know how many staff members have all six rings?

 

[1960Pats]

Sounds like Massachusetts. That state would tax a fart right out of your ass if they could find a way to track farts.

Then they'd start a new branch of the state government. The Mass Fart Tracking Authority, the MFTA, with access to state money but no accountability to taxpayers.
Then there's the jobs;
Director of Fart Tracking. DFT.
Vice DFT
Assistant DFT
Senior DFT
Senior Assistant DFT.
It could go on forever.

 

[PP2]

Why is @A Defiant Goose angry?

 

[A Defiant Goose]

Why is @A Defiant Goose angry?

The tax part ruined the entire feel good part of the post and just made me angry for the nephew in law

 

[Kontradiction]

Then they'd start a new branch of the state government. The Mass Fart Tracking Authority, the MFTA, with access to state money but no accountability to taxpayers.
Then there's the jobs;
Director of Fart Tracking. DFT.
Vice DFT
Assistant DFT
Senior DFT
Senior Assistant DFT.
It could go on forever.

We laugh but it might not be too far off with the way infrared cameras pick up gas. Soon we will be to a point where you make wind in the frozen foods section of the grocery store, a loud buzzer will sound, and a voice over the PA will announce that you’ve been fined 20 credits by the Commonwealth for flatulence like in “Demolition Man.”

 

[ErniesPinkStripes]

Then they'd start a new branch of the state government. The Mass Fart Tracking Authority, the MFTA, with access to state money but no accountability to taxpayers.
Then there's the jobs;
Director of Fart Tracking. DFT.
Vice DFT
Assistant DFT
Senior DFT
Senior Assistant DFT.
It could go on forever.

Director of Flatulence Expulsion Regulation... need to keep it professional.

 

[Hyped]

I am speculating that the Patriots organizations will give a monetary bonus equivalent to 1/3rd value of the ring to all staff (non-players) who receive the rings. Towards tax relief.
That aside, it would be so cool to receive those rings as a part of the organization.
Does anybody know how many staff members have all six rings?

Nah, that money would also then be taxed.....

As for staff members who have six rings....here's who comes to mind:

- Belichick (duh)
- Ernie Adams
- Dante Scarnechia
- Ivan Fears
- Berj Najaran (sp? BB's "assistant")


That's off the top of my head...and I am not sure about McDaniels...he might have been an offensive assistant in 2001-2004 after graduating from John Carroll U?

 

[patchick]

Thanks for sharing. Having to declare them as income doesn't seem fair at all -- couldn't they just be considered gifts? Seems that's what they really are.

A valuable "gift" from your employer = income. Otherwise a company could just pay in gold & diamonds instead of cash and no employees would owe any taxes.