California lawmaker seeks to close Shohei Ohtani tax loophole: ‘It’s a massive hidden ball trick’
April 10, 2024
California lawmaker seeks to close Shohei Ohtani tax loophole: ‘It’s a massive hidden ball trick’
20 comments
#ShoheiOhTaxEvasion was a pretty funny hashtag in December
Ohtani asking to be traded to Vegas?
Tax evasion, mysterious marriages, gambling schemes, sending his goons after the home run ball. When will the Ohtani Criminal Empire be stopped?
Rich people getting away with not paying taxes. Shocking state of affairs. I look forward to the people who defend them. Meanwhile, my middle class ass will continue to pay my taxes like a good citizen who cares about their fellow human.
im dumb can someone explain the article to me?? are these dudes going after ohtani or the dodgers?
I have never been so pro-income tax in my entire life.
Dodgers: “I consent”
Ohtani: “I consent”
State of Califonia: “Isn’t there someone you forgot to ask?”
I wish that the IRS just handled all tax affairs like they do in other countries. I know they seem incompetent currently, but why not invest in them, create more jobs, and hold people accountable?
Our system seems to be self-regulating so they CAN catch you when you overstep. Why not just do it for us?
I don’t know how you fix LLC loopholes and other hidden money tricks, but surely it’s doable.
I’m sure California has plenty of ways to flush that money down the toilet.
Ohtani aside, the government is just always mad when they don’t get what they believe is their fair share.
Shohei is really undergoing his villain arc right now.
Lol. The guy that introduced it represents Santa Clara / the Bay Area. No wonder they oppose it. He’d be singing a different tune had this been the Giants.
I’m never against anything that forces rich people to pay their fair share of taxes
Has he been hanging out in the bleachers. What a shady character!
[deleted]
California is posturing for the crowd. The federal law requires a deferral of the income for at least ten years and a repayment period of at least ten years. Practically nobody is going to accept employment under such terms. You’re carrying 20 years of counterparty risk and accepting a significant loss of value due to inflation.
California wouldn’t get $90 million if the law changed. It would get less since Ohtani’s contract would have come out to something closer to its real value. Any changes will mess up pensions and increase the complexity of filing for regular people caught in the crossfire.
I would do the same honestly.
Should have signed with Jays since the Canadians wouldn’t care if he did this
In case anybody wants the actual math, the 2023 California budget is 308 billion, and assuming a constant spend means the government outlays about 843 million per day, or about 35 million per hour.
So given this thread is now 4 hours old, Ohtani’s 90 million dollars over 10 years of income has already been spent.
I find doing that sort of research helps me handle the emotional appeals that come with these articles.
If the salary is being deferred, the appropriate taxes should be deferred too, to the appropriate state government(s). He’s being paid in 2034 for work done in 2024, not for sitting on his ass.
20 comments
#ShoheiOhTaxEvasion was a pretty funny hashtag in December
Ohtani asking to be traded to Vegas?
Tax evasion, mysterious marriages, gambling schemes, sending his goons after the home run ball. When will the Ohtani Criminal Empire be stopped?
Rich people getting away with not paying taxes. Shocking state of affairs. I look forward to the people who defend them. Meanwhile, my middle class ass will continue to pay my taxes like a good citizen who cares about their fellow human.
im dumb can someone explain the article to me?? are these dudes going after ohtani or the dodgers?
I have never been so pro-income tax in my entire life.
Dodgers: “I consent”
Ohtani: “I consent”
State of Califonia: “Isn’t there someone you forgot to ask?”
I wish that the IRS just handled all tax affairs like they do in other countries. I know they seem incompetent currently, but why not invest in them, create more jobs, and hold people accountable?
Our system seems to be self-regulating so they CAN catch you when you overstep. Why not just do it for us?
I don’t know how you fix LLC loopholes and other hidden money tricks, but surely it’s doable.
I’m sure California has plenty of ways to flush that money down the toilet.
Ohtani aside, the government is just always mad when they don’t get what they believe is their fair share.
Shohei is really undergoing his villain arc right now.
Lol. The guy that introduced it represents Santa Clara / the Bay Area. No wonder they oppose it. He’d be singing a different tune had this been the Giants.
I’m never against anything that forces rich people to pay their fair share of taxes
Has he been hanging out in the bleachers. What a shady character!
[deleted]
California is posturing for the crowd. The federal law requires a deferral of the income for at least ten years and a repayment period of at least ten years. Practically nobody is going to accept employment under such terms. You’re carrying 20 years of counterparty risk and accepting a significant loss of value due to inflation.
California wouldn’t get $90 million if the law changed. It would get less since Ohtani’s contract would have come out to something closer to its real value. Any changes will mess up pensions and increase the complexity of filing for regular people caught in the crossfire.
I would do the same honestly.
Should have signed with Jays since the Canadians wouldn’t care if he did this
In case anybody wants the actual math, the 2023 California budget is 308 billion, and assuming a constant spend means the government outlays about 843 million per day, or about 35 million per hour.
So given this thread is now 4 hours old, Ohtani’s 90 million dollars over 10 years of income has already been spent.
I find doing that sort of research helps me handle the emotional appeals that come with these articles.
If the salary is being deferred, the appropriate taxes should be deferred too, to the appropriate state government(s). He’s being paid in 2034 for work done in 2024, not for sitting on his ass.