by old fullback » Mon Oct 02, 2023 6:59 pm
by gadj1976 » Wed Oct 04, 2023 8:31 am
Jimmy_041 wrote:$3,067 today
by Jimmy_041 » Fri Oct 06, 2023 2:36 pm
by Armchair expert » Tue Oct 10, 2023 3:17 pm
by jo172 » Tue Oct 10, 2023 3:54 pm
Armchair expert wrote:Question - Why is there a salary cap anyway?
by jo172 » Tue Oct 10, 2023 3:56 pm
by Jimmy_041 » Tue Oct 10, 2023 4:17 pm
jo172 wrote:I know that there is some data to the effect that there are far less clubs falling over post salary cap than pre salary cap, but not sure to what extent this is correlation as opposed to causation.
by jo172 » Tue Oct 10, 2023 4:34 pm
Jimmy_041 wrote:jo172 wrote:I know that there is some data to the effect that there are far less clubs falling over post salary cap than pre salary cap, but not sure to what extent this is correlation as opposed to causation.
and contrary to popular belief, it was first proposed by country leagues because payments were getting out of hand
Gaza score today
$3,392
by heater31 » Tue Oct 10, 2023 8:13 pm
Jimmy_041 wrote:
Gaza score today
$3,392
by LaughingKookaburra » Wed Oct 11, 2023 6:54 am
jo172 wrote:I know that there is some data to the effect that there are far less clubs falling over post salary cap than pre salary cap, but not sure to what extent this is correlation as opposed to causation.
by Jimmy_041 » Wed Oct 11, 2023 11:15 am
LaughingKookaburra wrote:jo172 wrote:I know that there is some data to the effect that there are far less clubs falling over post salary cap than pre salary cap, but not sure to what extent this is correlation as opposed to causation.
Only in my opinion, however I also suspect an unspoken reason why salary caps are in place is to also keep the tax department at bay. I do find it interesting how blokes can knowingly can get paid $9-10k in traceable funds a year on top of their current earnings and not pay a cent in tax (In some cases much more as coach ect) - If that goes too big then you are giving the tax department a real good reason to get involved. Also, if you get too big you can leave yourself wide open to more interesting activities as we have seen in some cases with grass roots soccer across the country.
by S Demon » Wed Oct 11, 2023 12:13 pm
Jimmy_041 wrote:LaughingKookaburra wrote:jo172 wrote:I know that there is some data to the effect that there are far less clubs falling over post salary cap than pre salary cap, but not sure to what extent this is correlation as opposed to causation.
Only in my opinion, however I also suspect an unspoken reason why salary caps are in place is to also keep the tax department at bay. I do find it interesting how blokes can knowingly can get paid $9-10k in traceable funds a year on top of their current earnings and not pay a cent in tax (In some cases much more as coach ect) - If that goes too big then you are giving the tax department a real good reason to get involved. Also, if you get too big you can leave yourself wide open to more interesting activities as we have seen in some cases with grass roots soccer across the country.
Interesting discussion this
I was talking with an AdFL umpire at the pub and he said he gets taxed on his payment yet others say they dont.
My understanding was hobbies weren't taxable until the ATO deems them to no longer be a hobby (ie) you are earning regular good money. You also cant claim deductions (which is fair enough)
Anyone know for sure?
by ThinkVision » Wed Oct 11, 2023 12:16 pm
Jimmy_041 wrote:Interesting discussion this
I was talking with an AdFL umpire at the pub and he said he gets taxed on his payment yet others say they dont.
My understanding was hobbies weren't taxable until the ATO deems them to no longer be a hobby (ie) you are earning regular good money. You also cant claim deductions (which is fair enough)
Anyone know for sure?
by Trader » Wed Oct 11, 2023 12:46 pm
Jimmy_041 wrote:LaughingKookaburra wrote:jo172 wrote:I know that there is some data to the effect that there are far less clubs falling over post salary cap than pre salary cap, but not sure to what extent this is correlation as opposed to causation.
Only in my opinion, however I also suspect an unspoken reason why salary caps are in place is to also keep the tax department at bay. I do find it interesting how blokes can knowingly can get paid $9-10k in traceable funds a year on top of their current earnings and not pay a cent in tax (In some cases much more as coach ect) - If that goes too big then you are giving the tax department a real good reason to get involved. Also, if you get too big you can leave yourself wide open to more interesting activities as we have seen in some cases with grass roots soccer across the country.
Interesting discussion this
I was talking with an AdFL umpire at the pub and he said he gets taxed on his payment yet others say they dont.
My understanding was hobbies weren't taxable until the ATO deems them to no longer be a hobby (ie) you are earning regular good money. You also cant claim deductions (which is fair enough)
Anyone know for sure?
by jo172 » Wed Oct 11, 2023 3:25 pm
by Yank Man » Wed Oct 11, 2023 5:26 pm
jo172 wrote:The other elephant in the room is that if it's taxable income then clubs ought to be considering super contributions, workcover etc.
If you wanted to wipe payment out of footy getting return to work chasing clubs would be one of the quickest ways because they can be ruthless.
by Dinglinga75 » Thu Oct 12, 2023 2:00 pm
by Jimmy_041 » Thu Oct 12, 2023 2:28 pm
Dinglinga75 wrote:Surely Greg Griffin could do this pro bono. ... bit of a The Castle feel to it ... just hope Gaza have a photocopier that works
by amber_fluid » Thu Oct 12, 2023 2:42 pm
Jimmy_041 wrote:Dinglinga75 wrote:Surely Greg Griffin could do this pro bono. ... bit of a The Castle feel to it ... just hope Gaza have a photocopier that works
He does everything out of the goodness in his wallet
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