Re: Gaza FC - Salary Cap Breaches
Posted: Mon Oct 02, 2023 6:59 pm
Where is Gazas proof that this never happened? Got caught now pay for it, asking the community for funds is a bit rich
Jimmy_041 wrote:$3,067 today
Armchair expert wrote:Question - Why is there a salary cap anyway?
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.
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
Jimmy_041 wrote:
Gaza score today
$3,392
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.
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.
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?
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?
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?
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.
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
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