Baseball for the Thinking Fan

Login | Register | Feedback

btf_logo

News

All News | Prime News

Old-School Newsstand


Contributors

Jim Furtado
Founder & Publisher
Repoz
Editor - Baseball Primer

Syndicate

Taxes Newsbeat

Monday, July 30, 2018

As Companies Lose Tax Deduction for Tickets, Baseball May Pay the Price

One point not mentioned in the article: Much involving the rush for new facilities (in baseball and other sports) in the last few decades has involved trying to increase luxury boxes, and to otherwise appeal to this corporate audience. If they stop buying tickets, does the demand for new facilities decline?

Also as a side-note: I’ve used the print version of the headline rather than the online one- felt it was a lot clearer, and it didn’t violate Betteridge’s Law.

Tyler Graffeo, the president of Interstate Truck Center, generated a lot of business while entertaining clients in luxury suites at Royals baseball and Chiefs football games in Kansas City, Mo., the past three years.

But on Jan. 1, something changed that helped push Graffeo to give up at least one of those suites. Built into the Tax Cuts and Jobs Act, which went into effect this year, was a provision stripping out the 50 percent deduction for business entertainment expenses from the tax code.

Until this year, the $200,000 spent on the seats in a suite at the Royals’ Kauffman Stadium effectively cost the business $100,000, and a concern like Interstate Truck Center saw the expense as an investment in happy clients. The team, of course, funneled that money toward its profit margin, general expenses and player payroll.

 

QLE Posted: July 30, 2018 at 08:22 AM | 18 comment(s)
  Beats: revenues, stadium issues, taxes, tickets

Tuesday, June 19, 2018

How Major League Teams Are Using Bobbleheads to Skirt Tax Laws

The Ohio Supreme Court heard arguments last Wednesday in a dispute over taxes on promotional items purchased by the Cincinnati Reds and offered to fans through promotional ticket packages. Ohio state law exempts companies from paying taxes on items they buy and resell, but the issue is whether promotional items like bobbleheads are being sold as part of a ticket package or given away in an effort to increase ticket sales. Simply put, if the team gives away bobbleheads, they pay tax. If they sell them with the ticket, they do not.

Bote Man Posted: June 19, 2018 at 08:05 PM | 16 comment(s)
  Beats: bobbleheads, money, screwing taxpayers, taxes

 

 

News

All News | Prime News

Old-School Newsstand


BBTF Partner

Dynasty League Baseball

Support BBTF

donate

Thanks to
Mike Emeigh
for his generous support.

Bookmarks

You must be logged in to view your Bookmarks.

Hot Topics

NewsblogOT - Catch-All Pop Culture Extravaganza (November 2018)
(417 - 3:16pm, Nov 16)
Last: Davo and his Moose Tacos

NewsblogSale of Baseball Prospectus
(287 - 3:14pm, Nov 16)
Last: GGC

NewsblogOT - NBA Thread (2018-19 season kickoff edition)
(2383 - 3:13pm, Nov 16)
Last: Booey

NewsblogHow Kevin Brown Became Baseball's First $100 Million Man
(5 - 3:03pm, Nov 16)
Last: McCoy

NewsblogYelich, Betts Win MVPs
(52 - 2:58pm, Nov 16)
Last: Lyford

NewsblogIndians' Trevor Bauer pleads his own Cy Young case using a spreadsheet on Twitter
(16 - 2:36pm, Nov 16)
Last: Zonk qualifies as an invasive species

Hall of MeritMock 2019 Today’s Game Hall of Fame Election Results
(2 - 2:23pm, Nov 16)
Last: Rennie's Tenet

NewsblogPirates acquire three players in trade with Tribe
(25 - 2:11pm, Nov 16)
Last: SoSH U at work

NewsblogAtlanta/Southeast BBTF meet up
(71 - 1:50pm, Nov 16)
Last: dlf

NewsblogJoe Mauer Retires After 15 Seasons
(79 - 1:31pm, Nov 16)
Last: Fernigal McGunnigle

Hall of MeritMock 2019 Today’s Game Hall of Fame Ballot
(53 - 1:21pm, Nov 16)
Last: DL from MN

NewsblogFox Sports inks multi-year rights agreement with Major League Baseball
(26 - 12:36pm, Nov 16)
Last: Jay Seaver

NewsblogMarlins get rid of orange, cite South Florida cultures with new look
(23 - 12:13pm, Nov 16)
Last: Der-K: at 10% emotional investment

NewsblogPrimer Dugout (and link of the day) 11-16-2018
(5 - 12:12pm, Nov 16)
Last: vortex of dissipation

NewsblogAL Central Offseason Preview
(15 - 11:13am, Nov 16)
Last: base ball chick

Page rendered in 1.2406 seconds
49 querie(s) executed