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Author Topic: Will Wyck open his checkbook  (Read 2638 times)

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Re: Will Wyck open his checkbook
« Reply #15 on: May 15, 2018, 07:01:10 PM »

Offline Surferdad

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Quote from: droopdog7 on May 15, 2018, 06:18:03 PM
Quote from: Phantom255x on May 15, 2018, 06:14:19 PM
Sorry for sounding clueless, but is luxury tax ONLY payed for by owner? Or is it also payed by the entire front office (each pays a share)? I imagine profits/revenues also play a part too.
The tax is paid by whoever cuts the checks.
It is paid by the team as a whole, like any other business expense.  It has no direct bearing on individuals on salary and really not a direct impact on owners either except to the extent that it hurts their net profits, or makes their losses bigger.
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Re: Will Wyck open his checkbook
« Reply #16 on: May 15, 2018, 07:05:30 PM »

Offline Phantom255x

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Quote from: Surferdad on May 15, 2018, 07:01:10 PM
Quote from: droopdog7 on May 15, 2018, 06:18:03 PM
Quote from: Phantom255x on May 15, 2018, 06:14:19 PM
Sorry for sounding clueless, but is luxury tax ONLY payed for by owner? Or is it also payed by the entire front office (each pays a share)? I imagine profits/revenues also play a part too.
The tax is paid by whoever cuts the checks.
It is paid by the team as a whole, like any other business expense.  It has no direct bearing on individuals on salary and really not a direct impact on owners either except to the extent that it hurts their net profits, or makes their losses bigger.

Thanks guys, and TP!

Good to hear.
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