BurghersAndDogsSports wrote: beLIEve wrote:
tfrizz wrote:Matthew Sekeres @mattsekeres
Am told by 2 NHL sources that #Bruins owner Jeremy Jacobs forced employees to pay tax on 2011 Stanley Cup rings. About $7K per ring. Cont...
Matthew Sekeres @mattsekeres
Some support staff couldn't afford the tax up front, so players stepped up and covered the cost so they could get rings too.
That's an incredibly biased spin by a radio talk show host looking for ratings. An owner of a private company FORCED employees to pay income taxes on Stanley Cup rings? I'm pretty sure the federal government is the entity that forces employees to pay income taxes.
He could have easily said the Bruins didn't pay the tax on behalf of employees. But that's a little less attention grabbing and a lot closer to the truth.
is this real anyways. $7,000 per ring in taxes means he sprung already for about $25,000 per ring per employee to what 150-200 players and employees. Not sure I would bash him for going 5 million on rings.
7,000 cost per ring means about a grand per employee in taxes. still tough but without comparison to what is the norm.
Not sure what other teams have done but I know the pens or steelers (cant remember which) gave knock off rings to the employees and the regular rings to the players and top guns.
Would those same people pay a tax for a real ring? Do most teams give knock offs and the bruins people have real rings?
I could care less but just saying this story doesn't quite smell right.
First, it wouldn't be income tax, it would be sales tax I'd think.
The Pens had 2 levels of rings: one for players, hockey staff & upper management and a cheaper one for office and other staff personnel. But $7 grand in tax for that ring??? No way. I had the Pens knock off ring on my finger. No way was that 7 grand in just tax. It was basically a glorified high school or college ring.