Tom Brady’s MVP Truck Even More On The Tax Implications
According to Forbes (And how could you do better?) Tom Brady gets about $7 million a year in endorsement income. Like I have said my knowledge of sports is subpar for an American male, but there is one thing that I have picked up. Part of Tom Brady’s image, or you might say his brand, is that he is a “There is no I in team” type of guy.
I was way too preoccupied with the repair regs and Kent Hovind to pay much attention to Deflategate, but I don’t think that it could have helped the Brady brand. So this class act with the truck might have been just the uptick his image needed. That’s the story I would have ready for AFH. Passing up that Chevy truck for a teammate was a shrewd move to keep the endorsements coming. But there is more.
Maybe Tom Brady is still loyal to the Dodge Dart and showing up at Chevy dealership, even to pick up a free truck, would be an embarrassment.
Good Execution Protects Sellers From IRS Transferee Liability
The GNC shareholders had been paid with outside money. They had made reasonable inquiries to determine that Midcoast was a legitimate company. They were perfectly happy to remain innocent of the secret sauce that made it all make sense for Midcoast. Whatever monkeying around was done after they were no longer shareholders – well – Not their circus, not their monkeys.
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Over and over again courts have said that there is nothing sinister in so arranging one’s affairs as to keep taxes as low as possible. Everybody does so, rich or poor; and all do right, for nobody owes any public duty to pay more than the law demands: taxes are enforced exactions, not voluntary contributions. To demand more in the name of morals is mere cant.