Never challenge a tax lawyer to do the math.
It appears that Paul Allen - owner of your team, the Portland Traaaaaaail Blazers - has complained that "I'm out of pocket hundreds of thousands of dollars each and every game."
Jack Bogdanski, tax law professor at L&C, notes that - doing the math - it's actually $813,008.12 per game. Allen is worth $22 billion.
But, if you buy a $50 ticket to a single game, it's hurting you more. That is, if your net worth is less than $1.35 million, that $50 is a bigger chunk of your net worth than Paul Allen's $813 grand.
Head over to BoJack.org for a better explanation of the math, and to discuss.
March 11, 2006 | | elsewhere.Posted in