tag:blogger.com,1999:blog-8750277659132824051.post8258162107688760237..comments2023-11-05T02:37:34.348-05:00Comments on Yankees For Justice: A LaugherTodd Drewhttp://www.blogger.com/profile/03780724600781551020noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-8750277659132824051.post-51720506685744767212007-12-29T02:13:00.000-05:002007-12-29T02:13:00.000-05:00This is the reason big market teams agree on reven...This is the reason big market teams agree on revenue-sharing,right?Jessica Leehttps://www.blogger.com/profile/01763469077445655085noreply@blogger.comtag:blogger.com,1999:blog-8750277659132824051.post-32369508035121766402007-12-29T02:11:00.000-05:002007-12-29T02:11:00.000-05:00Todd, Thanks for explanation,but why luxury-tax b...Todd,<BR/> Thanks for explanation,but why luxury-tax bill of $23.88 million plus revenue-sharing tab will push the total over $100 million for the year? So,basically,MLB use revenue to define market size,right? How MLB redistributes revenue? Does MLB put all revenues together and use percentage to distribute every team? or Does MLB take some revenues which exceed certain amount from big market team and give to small market team? I know MLB do this for balancing the power in MLB and increasing competition between teams? This is the right reason big market teams agree on revenue-sharing,right?Jessica Leehttps://www.blogger.com/profile/01763469077445655085noreply@blogger.comtag:blogger.com,1999:blog-8750277659132824051.post-89567870391898728092007-12-28T16:09:00.000-05:002007-12-28T16:09:00.000-05:00Sorry for the confusion, Jessica. Todd explained w...Sorry for the confusion, Jessica. Todd explained what I meant perfectly.Donnahttps://www.blogger.com/profile/05754007118497323565noreply@blogger.comtag:blogger.com,1999:blog-8750277659132824051.post-35177835710152656032007-12-28T15:59:00.000-05:002007-12-28T15:59:00.000-05:00Jessica,The luxury tax is based on payroll above a...Jessica,<BR/>The luxury tax is based on payroll above a certain threshold. For this past season the Yankees were taxed 40 percent on all salary above $148 million. Next year the threshold rises to $155 million.<BR/><BR/>Revenue sharing takes money from “big market” teams and redistributes it to “small market” teams. Terms like “big market” and “small market” are misleading because it is about revenue rather than the actual size of the market.<BR/><BR/>Miami is the seventh largest market in the United States, but Jeffrey Loria and the Florida Marlins are one of the largest recipients of revenue sharing dollars.<BR/><BR/>The bottom-line is that when Major League Baseball taxes the New York Yankees they are taxing the people who buy the tickets and the scorecards and the T-shirts. They are taking money from the Bronx – one of the poorest urban areas in the country – and sending it to some of the richest men in the world.<BR/><BR/>If that isn’t injustice, what is?Todd Drewhttps://www.blogger.com/profile/03780724600781551020noreply@blogger.comtag:blogger.com,1999:blog-8750277659132824051.post-45395877371453723932007-12-28T15:42:00.000-05:002007-12-28T15:42:00.000-05:00Jessica,I think what Donna meant by “This story hi...Jessica,<BR/>I think what Donna meant by “This story hits home for a lot of people,” is that many families are facing a similar struggle to pay higher ticket prices.Todd Drewhttps://www.blogger.com/profile/03780724600781551020noreply@blogger.comtag:blogger.com,1999:blog-8750277659132824051.post-60718288357935499752007-12-28T13:17:00.000-05:002007-12-28T13:17:00.000-05:00P.S.That's not only American way but also how the ...P.S.That's not only American way but also how the taxation system works around the world.Jessica Leehttps://www.blogger.com/profile/01763469077445655085noreply@blogger.comtag:blogger.com,1999:blog-8750277659132824051.post-52100543075968707552007-12-28T13:15:00.000-05:002007-12-28T13:15:00.000-05:00First of all,Donna, What does this sentence" Thi...First of all,Donna,<BR/> What does this sentence" This story hits home for a lot of people" mean? If someone can explain for me, I will be very appreciated at that.<BR/><BR/>By any chance,Todd,<BR/> Can you try to explain to me how luxury-tax and revenue-sharing tab work,especially the difference between big market team and small market team?<BR/><BR/>P.S.That's not only American way but also how the taxation works.Jessica Leehttps://www.blogger.com/profile/01763469077445655085noreply@blogger.comtag:blogger.com,1999:blog-8750277659132824051.post-39424936453075954582007-12-27T16:28:00.000-05:002007-12-27T16:28:00.000-05:00This story hits home for a lot of people.This story hits home for a lot of people.Donnahttps://www.blogger.com/profile/05754007118497323565noreply@blogger.comtag:blogger.com,1999:blog-8750277659132824051.post-26277806452835638952007-12-27T15:46:00.000-05:002007-12-27T15:46:00.000-05:00This would be funny if it was not so sad, twisted ...This would be funny if it was not so sad, twisted and perverted. But, hey, that’s the American way of life.Henryhttps://www.blogger.com/profile/09734730034413322416noreply@blogger.com