How much income taxes does the UFC Pay?

[kneebartotheface]

Dana (or a scapegoat for him in UFC) will be taken down by tax evasion or money laundering in this decade IMO. They are slimy beyond belief in all their practices and that’s just what’s public, imagine what they’re doing in private. I’d bet on Powerslap being a Vegas mob money laundering vehicle.

You may be onto something in all honesty... I don't see slap fighting being very profitable. those big companies are all smart enough to know how to dodge taxes. Dana and those are probably criminal enough to have a few backdoor deals going.

 

[10000yearsold]

So can I have a friend I just met build me a deck in my yard, and I can just give him 15,000 because he's my friend who liked me so much he built me a deck?

It’s not technically legal, but who’s to say. if he doesn’t work for a larger company and has done the job independently and doesn’t want to claim, why would he? that is why there is a huge issue in cash transactions and taxes. Probably one of the reasons the govt has backed Uber so hard to ditch the taxis

 

[MMA_AZ]

This guy isn't even aware that the charges themselves say he doesn't have that document in question. Trump was holding up an article written about the document.

Let alone how insane it is that you would be angrier at Trump potentially having this and not that the document was about how the American generals tried to attack Iran and he stopped them. Then those same generals leaked those attack plans to the press, causing the whole security breaches and national danger in the first place and not Trump.

But sure, had Trump had evidence there was an ongoing coup against him the issue is that he had evidence showcasing it. Not what they themselves were doing.

Because he still has the classified document. The charges can't be brought without the actual document in question. Thats where the witness will come into play ya numbnuts. Watch what happens in court and how is own maga fools will sing to save their own asses. The US military develops many war plans for many countries at odds with America. Blaming generals shows just how brainwashed you are. I really hope you don't have children.

 

[TGArthur]

When you take in a billion dollars of revenue in you pay a lot in for taxes.

Now by comparing it by percentages that might not look right in some people's eyes. But as Mark Cuban always said would you rather own 100% of grape or 10% of a piece of watermelon.

I like that quote. I never heard that before. Mark Cuban Bless

 

[woodsideQ]

Are there people who legit think servers and bartenders declare cash tips? Lmao

those who didn't couldn't get unemployment, the $600 a week from the feds and stimulus checks. those who paid taxes were eligible.

 

[woodsideQ]

According to their SEC filings, for 1Q23 Endeavor paid $14,708,000 in taxes for the first quarter.
This was on Net Income of 36,255,000 for a rate of 40.57%.
Sounds about right

 

[woodsideQ]

I worked in the restaurant industry for 17 years as kitchen manager and corporate trainer. Every Monday morning, we would go through the server's tip reports and enter them into payroll.

It was absolutely comical what some of the girl's reported. They knew exactly what to report so that their paycheck would = zero based on the $2.81 that they were getting paid.

There were girls pulling $800+ a week working 20 hours and they would claim 1/3 of that. They knew how to beat the system.

Beating the system is the whole point of being a server.

until COVID relief and your unemployment is based on a 3rd of what you really earn

 

[woodsideQ]

Why do you think they don't make sense, out of curiosity?

Basically at the time Sherdoggers were saying Dana doesn't care about the fighters, Dana doesn't pay them enough, etc. Then in the next breath would mention locker room bonuses which is the exact opposite.

Illustrated with numbers:
Scenario 1: UFC has $1,000 of revenue. pays $400 of salaries leaving $600 to be taxes at say 33%. They pay $200 in taxes and walk away with $400.
Scenario 2: UFC has $1,000 of revenue. pays $200 of salaries leaving $800 to be taxes at say 33%. They pay $264 in taxes and have $536 left over of which they pay $200 in locker room bonuses and walk away with $336.

So despite not caring about fighters the UFC pays cash in locker rooms so the fighters don't have to pay taxes and the UFC makes less money?

 

[avenue94]

Basically at the time Sherdoggers were saying Dana doesn't care about the fighters, Dana doesn't pay them enough, etc. Then in the next breath would mention locker room bonuses which is the exact opposite.

Illustrated with numbers:
Scenario 1: UFC has $1,000 of revenue. pays $400 of salaries leaving $600 to be taxes at say 33%. They pay $200 in taxes and walk away with $400.
Scenario 2: UFC has $1,000 of revenue. pays $200 of salaries leaving $800 to be taxes at say 33%. They pay $264 in taxes and have $536 left over of which they pay $200 in locker room bonuses and walk away with $336.

So despite not caring about fighters the UFC pays cash in locker rooms so the fighters don't have to pay taxes and the UFC makes less money?

Locker room bonuses are taxed at the same rate, just like a fighter's show/win money. Unless you're an idiot (see cerrone) and decide you wanna try to pull one over the IRS.

Bonuses in almost every industry favor management, not employees.

 

[DiddlyDoodly]

until COVID relief and your unemployment is based on a 3rd of what you really earn

So then these servers screwed themselves when it came time for unemployment during Covid.

 

[woodsideQ]

Locker room bonuses are taxed at the same rate, just like a fighter's show/win money. Unless you're an idiot (see cerrone) and decide you wanna try to pull one over the IRS.

Bonuses in almost every industry favor management, not employees.

oh no these sherbros were telling me these locker room bonuses were gym bags of cash, unreported.

 

[Local Plata]

Dana strikes me as the type to lie, cheat and steal, do everything he can to avoid taxes and paying for labor, then complain that the 'government' is ruining business for everyone and is a socialist communist nazi marxist woke trans illuminati dictatorship.

 

[2004 account]

The elite always get away with avoiding taxes, so I wouldn't be surprised if wme did