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re: Bama boosters paid off the Saban's home (has this really not been posted?)
Posted on 10/27/14 at 9:03 am to okietiger
Posted on 10/27/14 at 9:03 am to okietiger
Also, who gives a frick?
Whooptie frickin' doo, the Alabama boosters paid off Saban's Tuscaloosa mansion.
Cheese and rice man. He gone. Get over it.
Whooptie frickin' doo, the Alabama boosters paid off Saban's Tuscaloosa mansion.
Cheese and rice man. He gone. Get over it.
3
Posted on 10/27/14 at 9:04 am to Tornado Alley
It's Northport, get your story straight. 
Posted on 10/27/14 at 9:05 am to La Place Mike
What a joke! He makes all that money and they take away his house note. What next?
Posted on 10/27/14 at 9:05 am to Tornado Alley
quote:
Also, who gives a frick? Whooptie frickin' doo, the Alabama boosters paid off Saban's Tuscaloosa mansion. Cheese and rice man. He gone. Get over it.
I am curious what the tax implications are and what is the point of it versus just giving him money.
Posted on 10/27/14 at 9:06 am to Tornado Alley
Lol nice auto-reply there.
Perfectly content with Miles.
Pardon me for posting the 2nd headline from Al.com (main page, not the spots page) on a message board culminating of SEC football news.
Maybe you should email Al.com and ask them what the hell they are doing over there reporting such trivial news?
Perfectly content with Miles.
Pardon me for posting the 2nd headline from Al.com (main page, not the spots page) on a message board culminating of SEC football news.
Maybe you should email Al.com and ask them what the hell they are doing over there reporting such trivial news?
Posted on 10/27/14 at 9:07 am to nicholastiger
quote:
Posted by nicholastiger
What a joke! He makes all that money and they take away his house note. What next?
Use of jet. And a new Mercedes off the assembly line from the North American plant in Tuscaloosa County.
Posted on 10/27/14 at 9:08 am to CapstoneGrad06
Weren't the boosters paying for his home anyway? Maybe they just wanted to save the money going to interest.
Posted on 10/27/14 at 9:09 am to CapstoneGrad06
Dont understand all the butthurt. To me it's just like any other employer making sure they keep their most valuable employees via added benefits. Props to em.
Posted on 10/27/14 at 9:10 am to thelawnwranglers
quote:
I am curious what the tax implications are and what is the point of it versus just giving him money.
I would assume they bought the house from him so they own it and Saban is allowed to live their rent free as long as he likes. If he ever decides to leave that house then they can sale it and hopefully get back most if not all of what they paid for it. If they just give him money Saban still owns it.
Posted on 10/27/14 at 9:10 am to CapstoneGrad06
quote:
Use of jet. And a new Mercedes off the assembly line from the North American plant in Tuscaloosa County.
gif of Saban's head on a gung ho scene where he takes a car of the factory line
Posted on 10/27/14 at 9:11 am to Aman
quote:
I would assume they bought the house from him so they own it and Saban is allowed to live their rent free as long as he likes. If he ever decides to leave that house then they can sale it and hopefully get back most if not all of what they paid for it. If they just give him money Saban still owns it.
FMV of rent should be included in Saban's gross income unless there is some cool rule they are abusing to get him out of that. Does he host functions there?
Posted on 10/27/14 at 9:13 am to okietiger
quote:
okietiger
So, how's your thread going? Anything like you'd hoped?
Posted on 10/27/14 at 9:14 am to cyde
You seem insecure.
Posted on 10/27/14 at 9:15 am to thelawnwranglers
quote:
FMV of rent should be included in Saban's gross income unless there is some cool rule they are abusing to get him out of that. Does he host functions there?
Why the hell are you so concerned? I'm sure they structured it within the tax law and are following the rules. So if rent would be $12,000 a month I'm sure he is paying tax on that $144,000 a year. I'm pretty sure he can swing that tax bill. I also bet Saban has good accountants and lawyers that structured it the most advantageous way for him.
Posted on 10/27/14 at 9:19 am to okietiger
The most pertinent thing I take from this is that it seems there is an impending turf war between the REC and CTF. Blood will be spilt and many "roll tides" will be yelled.
Posted on 10/27/14 at 9:20 am to Aman
Yes he hosts functions, they host a big A-day party every year. Of course they are "abusing" the tax laws.
Posted on 10/27/14 at 9:21 am to okietiger
quote:
You seem insecure
Posted on 10/27/14 at 9:25 am to Aman
quote:
Why the hell are you so concerned? I'm sure they structured it within the tax law and are following the rules. So if rent would be $12,000 a month I'm sure he is paying tax on that $144,000 a year. I'm pretty sure he can swing that tax bill. I also bet Saban has good accountants and lawyers that structured it the most advantageous way for him.
Sorry, I find it interesting? I am suggesting potential for tax avoidance not possibility of tax evasion.
I guess I curious is their a tax advantage to this, and if so what?
Posted on 10/27/14 at 9:26 am to JB Bama
quote:
Yes he hosts functions, they host a big A-day party every year. Of course they are "abusing" the tax laws.
Tax Avoidance is good planning lol
Tax evasion is wrong
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