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Index » Regional/Local » Europe » London 2012 Olympics Page: Previous  1, 2, 3, 4, 5, 6, 7, 8  Next
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2cats

2cats Avatar

Location: Oklahoma
Gender: Female


Posted: Aug 2, 2012 - 7:22am

 hippiechick wrote:

Is her name Jessica?

 
No, Catherine. (Katie) 


hippiechick

hippiechick Avatar

Location: topsy turvy land
Gender: Female


Posted: Aug 2, 2012 - 7:22am

 2cats wrote:


I had a baby girl in 1980, also.

 
Is her name Jessica?
2cats

2cats Avatar

Location: Oklahoma
Gender: Female


Posted: Aug 2, 2012 - 7:21am

 hippiechick wrote:

Some of my best memories come from being in the hospital with my brand new baby girl on my lap, watching the 1980 Winter Olympics {#Angel}

 

I had a baby girl in 1980, also.
hippiechick

hippiechick Avatar

Location: topsy turvy land
Gender: Female


Posted: Aug 2, 2012 - 7:16am

 JrzyTmata wrote:

you were busy in the 80s. no time for the olympics.

 
Some of my best memories come from being in the hospital with my brand new baby girl on my lap, watching the 1980 Winter Olympics {#Angel}
Red_Dragon

Red_Dragon Avatar

Location: Dumbf*ckistan


Posted: Aug 2, 2012 - 7:16am

...
hippiechick

hippiechick Avatar

Location: topsy turvy land
Gender: Female


Posted: Aug 2, 2012 - 7:15am

 JrzyTmata wrote:

did you read my second sentence? the taxes listed are inaccurate.
fun trivia but bogus.

 
There is a set tax rate of x% on income. Have you ever gotten a bonus? They take a big chunk right off the top for taxes, whatever your rate is. Then, when you file your income taxes, that amount gets adjusted, depending on your tax rate, other deductions, etc.

Another example: When I collected unemployment, a flat tax amount of 10% was taken out of my gross amount. But when I filed my income taxes, that amount got adjusted because of various deductions, etc. That's how taxes work.

Any time you get a big chunk of change like winning the lottery, the gov takes theirs and you have to beg for it back.
lily34

lily34 Avatar

Location: GTFO
Gender: Female


Posted: Aug 2, 2012 - 7:14am

 JrzyTmata wrote:

you were busy in the 80s. no time for the olympics.

 
and 90's.

ok, so not true. just didn't pay attention. i'm sure that was the case.
JrzyTmata

JrzyTmata Avatar



Posted: Aug 2, 2012 - 7:12am

 lily34 wrote:

ok. so i'm just a little slow. not completely mistaken.

 
you were busy in the 80s. no time for the olympics.
ptooey

ptooey Avatar

Location: right behind you. no, over there.
Gender: Male


Posted: Aug 2, 2012 - 7:12am

 JrzyTmata wrote:

did you read my second sentence? the taxes listed are inaccurate.
fun trivia but bogus.

 
looks like the figures assume taxation in the highest income bracket.  Probably true for someone with a gajillion endorsements, but not so much for a skeet shooter or table tennis athlete.
lily34

lily34 Avatar

Location: GTFO
Gender: Female


Posted: Aug 2, 2012 - 7:10am

 JrzyTmata wrote:

The rules to allow pros to participate in the Olympics changed in 1988. The '92 Olympics were the first.

 
ok. so i'm just a little slow. not completely mistaken.
JrzyTmata

JrzyTmata Avatar



Posted: Aug 2, 2012 - 7:09am

 hippiechick wrote:

Well, if you know how taxes work, then this explanation would be unnecessary.

 
of course it was unnecessary. I wasn't asking how taxes worked.

did you read my second sentence? the taxes listed are inaccurate.
fun trivia but bogus.


JrzyTmata

JrzyTmata Avatar



Posted: Aug 2, 2012 - 7:06am

 lily34 wrote:

that must be where i was getting confused. thank you. i guess i was always all "wha?" when i saw professional athletes, like NBA or NHL players participate in the olympics. i thought i remembered growing up that athletes couldn't compete unless you were an "amateur". but i must have misremembered.

 
The rules to allow pros to participate in the Olympics changed in 1988. The '92 Olympics were the first.
steeler

steeler Avatar

Location: Perched on the precipice of the cauldron of truth


Posted: Aug 2, 2012 - 6:58am

 Proclivities wrote:

I think that professional boxers and wrestlers are still not allowed to compete in the Olympics.  There is also some limitation on how many professional soccer players can be on each team.

 

Yes, I believe that is correct. It varies by sport; I believe that each governing association makes the eligibility determinations.

One of the driving forces, as I remember it, in loosening the requirements in basketball was when the U.S. started losing in the Olympics.    
hippiechick

hippiechick Avatar

Location: topsy turvy land
Gender: Female


Posted: Aug 2, 2012 - 6:56am

 JrzyTmata wrote:

Yeah, I know how taxes work. I've been paying them for 38 years now.
my point is the post lists a set tax based on a rate that probably doesn't apply to an Olympic athlete. Fun trivia, but it's misleading.

 
Well, if you know how taxes work, then this explanation would be unnecessary.
Proclivities

Proclivities Avatar

Location: Paris of the Piedmont
Gender: Male


Posted: Aug 2, 2012 - 6:55am

 steeler wrote:


Remember that the NBA players are playing right now and the NHL players played in the Winter Olympics.

Where losiing "amateur" status affects an athlete is at the school or college level.  You can get paid as an athlete and participate in the Olympics, but you can't do that and participate in the NCAA.       

 
I think that professional boxers and wrestlers may not allowed to compete in the Olympics.  There is also some limitation on how many professional soccer players can be on each team, IIRC.


JrzyTmata

JrzyTmata Avatar



Posted: Aug 2, 2012 - 6:54am

 hippiechick wrote:

No, because, for example, if you earn $50k/yr you would pay about 13k in taxes. However, you can adjust that tax rate with personal deductions which brings down the amount you pay, but your base tax rate is still 13k. The tax rate is fixed, the adjustments are flexible.

 
Yeah, I know how taxes work. I've been paying them for 38 years now.
my point is the post lists a set tax based on a rate that probably doesn't apply to an Olympic athlete. Fun trivia, but it's misleading.
lily34

lily34 Avatar

Location: GTFO
Gender: Female


Posted: Aug 2, 2012 - 6:52am

 steeler wrote:


Remember that the NBA players are playing right now and the NHL players played in the Winter Olympics.

Where losiing "amateur" status affects an athlete is at the school lor college level.  You can get paid and participate in the Olympics, but you can't do that and participate in the NCAA.       

 
that must be where i was getting confused. thank you. i guess i was always all "wha?" when i saw professional athletes, like NBA or NHL players participate in the olympics. i thought i remembered growing up that athletes couldn't compete unless you were an "amateur". but i must have misremembered.


steeler

steeler Avatar

Location: Perched on the precipice of the cauldron of truth


Posted: Aug 2, 2012 - 6:49am

 lily34 wrote:

ok. thanks.

 

Remember that the NBA players are playing right now and the NHL players played in the Winter Olympics.

Where losiing "amateur" status affects an athlete is at the school or college level.  You can get paid as an athlete and participate in the Olympics, but you can't do that and participate in the NCAA.       


hippiechick

hippiechick Avatar

Location: topsy turvy land
Gender: Female


Posted: Aug 2, 2012 - 6:43am

 JrzyTmata wrote:

ok. then the taxes you listed are misleading.

 
No, because, for example, if you earn $50k/yr you would pay about 13k in taxes. However, you can adjust that tax rate with personal deductions which brings down the amount you pay, but your base tax rate is still 13k. The tax rate is fixed, the adjustments are flexible.
JrzyTmata

JrzyTmata Avatar



Posted: Aug 2, 2012 - 6:40am

 hippiechick wrote:

Of course other deductions would adjust the tax rate, just like how you pay taxes. It's income.

 
ok. then the taxes you listed are misleading.
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