In an effort to head off a thread-jacking disaster over in GARM here: http://bbs.clutchfans.net/showthread.php?goto=newpost&t=111542 ... I'm starting this thread. MFW, explain why I'm an idiot, please.
Sam, I don't understand how or why you got up this morning and decided "I'm going to start China baiting on clutchfans for no apparent reason".
and more proof once again that there isn't an ounce of originality in you. You have to copy insults from liberals. Sad. anyways, whats this thread about? is there something wrong with Yao's salary being taxed? Or paying back the organization that financed his startup training?
thats like saying a guy hitting .423 with 50 abs is a better hitter than a guy hitting .325 in 575 abs
why are you guys hating on me? i'm just trying to be a part of the board unlike all the other members who have signed up and havent even participated
You know if it wasn't for the "Last post" feature on the front page of the Message board, I'd never venture into here. But ever since it was implemented, I often find myself intrigued by a most recent topic (as I am here). About this Yao Ming tax thing, I thought it was cleared up in Yao's biography that he isn't giving up 50% of his current earnings. But that it was how much of Yao's rookie contract that the Chinese Basketball Association (not the government specifically) wanted as a buyout amount. If fact I remember a scene where Yao's advisers finally struck a deal with the CBA and wrote down an exact figure down on a piece of paper to show Yao. And when Yao saw that figure, he couldn't really fathom that amount. The exact figure remains a secret, but considering that this was before Yao signed his 70 million dollar shoe deal (or whatever that amount was), and how naive he probably was in terms of finances, I'm guessing that the buyout amount was a few million. Maybe $6 million or so, since that would be about half of his rookie contract, which would have certainly fueled rumors of this 50% tax stuff. Now does this mean that the communist party don't have some of their hands in Yao's pocket? Probably not. The government needs their "taste". But I really think this idea that Yao is giving up 50% on all his earnings to "Red China" is more of an urban legend than anything else. This story plays better, and ties in with generally accepted beliefs about China and communists. ------------------------------------------------------------------------- Hmm, I just read through the other thread. I'm not even sure where this tangent came from. Regarding Yao playing with the CNT, seems to me that he wants to play these games. Chinese basketball isn't forcing him to do it. I'm sure they're trying to influence and pressure him, but Yao's got plenty of pull himself. If he doesn't want to play these games, then he wouldn't have to. He's ultimately too important for their international image to alienate. And in terms of the Rockets, they've got Yao ear too, and they could always step in and ask him not to play. Considering that Yao's two biggest checks come directly and indirectly from playing in the NBA (his salary and shoe deal), he's got to take that into consideration. So I don't see what the problem is in this whole thing. Everyone wants a piece of Yao and will exert their power on him to get what they want. And Yao's got his own influence, as well as advisors who are looking out for his own best interests. Ultimately what ends up happening is that they work something out that everyone can live with. And if something crappy happens, like injuries and stuff, well that's life. S*** Happens.
Isn't it well known that players income tax alone is close to 50%? Granted in Yao's case he is lucky to be in Texas, but I think he is still taxed by uncle sam heavily as a foreign earner. Can someone help verify it? thanks.
cubans blog mentioned that. given that they are in the top bracket and have to pay taxes for every state in which they have nba games...it reaches 45% i think.
