If you were a high paid NBA Player-How much would you give to charity?

[poido123]

Let's make it 3 levels.

20 mill a year

10 mill a year

5 mill a year


What percentage would you give up?

Personally I'd do 20-25%

[navy]

I'd donate whatever excess I had to get a nice round number. For example if I had 20,955,377 I would donate 955,377 so im left with 20 million exactly.

I do the same now but with smaller numbers. If I have 7 dollars, I'll donate 2 so Im left with 5.

[Warfan]

None. Make your own way in life and don't be a useless fukk who depends on others to solve your problems.

Probably like 10%. More if I'm earning 20 mil and less if I'm earning 5 mil

[Duggrr]

None. Make your own way in life and don't be a useless fukk who depends on others to solve your problems.

Probably like 10%. More if I'm earning 20 mil and less if I'm earning 5 mil
Murica' :biggums:

[kamil]

NOTHING.

Too many of the charities piss away the money on marketing and crap. I'd put the money into biotechs where the money is actually needed to bring forth treatments, particularly ones that focus on organ generation from stem cells; http://www.tissuse.com/

This would ensure that the money has actually gone into RELEASING treatments, too many get fvcked by the FDA's restrictions and never see the light of day until decades have passed by and people have died waiting for a release.

If you had to force me to donate to a charity, I'd pick one where the CEO takes in bare minimum for his salary (many take millions) and the focus is around health and research.

I wouldn't base my donation on percentages though.

[Duggrr]

If I made 20 Mil, I would donate about 25-30%. The hoarding of comically excessive money is this country is criminal

[poido123]

None. Make your own way in life and don't be a useless fukk who depends on others to solve your problems.

Probably like 10%. More if I'm earning 20 mil and less if I'm earning 5 mil


What if that useless Fck had cancer and needed money for the expensive cancer treatments they must undertake?

Or someone who's disabled? And a family who has no way of paying for the equipment, staff and treatment they need?

[Lebron23]

I'll just start an orphanage, and basketball school.

[JohnFreeman]

I wouldn't give money, I would actually go do something good.

[poido123]

I'd donate whatever excess I had to get a nice round number. For example if I had 20,955,377 I would donate 955,377 so im left with 20 million exactly.

I do the same now but with smaller numbers. If I have 7 dollars, I'll donate 2 so Im left with 5.


At least you would donate.

Can't knock you on that.

We are assuming that the charity is legit and can take any form including what others have mentioned: biotech experiments etc. Anything that contributes to another cause...

[Smook A.]

20 mill a year
-$1,000,000

10 mill a year
-$500,000

5 mill a year
-$250,000

That's 5% of my yearly salary. I would also make some schools if I was a millionaire.

[SexSymbol]

Let's make it 3 levels.

20 mill a year 75-80%

10 mill a year 60%

5 mill a year 40%


What percentage would you give up?

Personally I'd do 20-25%
yup

[Warfan]

So did y'all see the white text or nah? I'm not that big of a piece of shit

[Smook A.]

So did y'all see the white text or nah? I'm not that big of a piece of shit
I did. You're a good dude

[inclinerator]

110 percent of it

[Mr. Jabbar]

i'd give 1 zillion to the unplug jameers modem foundation

[dubeta]

I'd just have 20 baby mommas and pay their child support thats good enough

[poido123]

110 percent of it


Nigerians be buying up properties and cars all over the place :oldlol:

[ImKobe]

Like 10% of my annual earnings (after taxes, of course).

[Cold soul]

10-15 mill a year.

[sundizz]

I'd give away 0% of it. I would start my own charitable organization and jumpstart it with X amount of dollars per year to reduce my taxable income.

Generally, you can deduct cash contributions in full up to 50% of your adjusted gross income.

E.g., $15 million a year contract * 13 years in the league = 195 million
+ $25 million a year shoe and or other ads contract * 8 prime years = 200 million.

Let's see:
395 million/13 = $30 million per year

$30 million gross
$5 million living expenses per year
$10 million charitable foundation
$7.5 million invested (say 9% growth rate, mix of properties, stocks, etc)
$15 million taxable income
$7.5 million of tax
------
$0 budget

At the end of my career I would of donated $130 mill to my charitable organization. Let's say I can get that matched...so $260 mill total.

I would have approximately $53 million (after-tax, $106 pre-tax) in investments if I were to liquidate.

------
I believe that a lot of charities don't really do stuff that is in any way useful. I don't believing in finding cures, but rather preventing disease. Cancer, diabetes, etc shouldn't be so prevalent.

My charity would help low-income families learn about creating good lifestyle habits in finance, and especially health.

In theory, I would have (260/13) $20 million a year to help families. I would likely have the charity be in the city that I play.

In theory, I would like to support 4,000 children each year. 4000*10 a day*365 = $14.6 million = enough left over for admin and hired help.

I would build a huge hoops gym, with classrooms etc. To qualify each student would have to come in every Saturday. They'd have an hour of counseling of just being able to talk to someone, an hour of "finance classes" and an "hour of "health instruction, e.g, veggies not soda/cooking class"

In return they can come in everyday and eat a free solid dinner, have a place to do homework, and a place to hang out and play hoops etc.

Childhood obesity and poor education is the reason our country has most of its problems.

I have no idea why I wrote this long of a response. Just hit a note with me on how annoying it is when pro athletes lose all their monies.

[avonbarksdale]

whatever my agent thinks is a good pr move

whatever will help me the most in the long run for tax breaks

[Killbot]

Depends on the total sum of my state/local tax, mortgage interest, property tax and gambling winnings (if I ever do that)

[Rizko]

None. I would apply for social security, food stamps and braff housing grants. Need to stack dat paper bruh. I would also have GA help me get money for the security deposit on my penthouse

[poido123]

i'd give 1 zillion to the unplug jameers modem foundation


:oldlol:

[poido123]

None. I would apply for social security, food stamps and braff housing grants. Need to stack dat paper bruh. I would also have GA help me get money for the security deposit on my penthouse


Hey bro, this is literally the first time I've seen you post on the main board here? But shows you've posted over 1000 posts....weird.

[Hamtaro CP3KDKG]

I dont trust the nikkas runnin these charities from what ive read

[FPJ]

whatever my agent thinks is a good pr move

whatever will help me the most in the long run for tax breaks

This.

All those greedy assholes do it for image purpose and tax deduction. I wanna puke everytime i see Lebron talking about community and giving back or Kobe the rapist talking about helping other people. I wouldnt be surprised to see Malone as CEO of the "anti - pedophile" foundation.

Obv, there might be genuine people (like Dwyane Wade) who do it because they were raised that way, to do good without hundreds of cameras around or Butler, who i actually believe tried to help his people (or his ex gang, can't remember).

[Rizko]

Hey bro, this is literally the first time I've seen you post on the main board here? But shows you've posted over 1000 posts....weird.
I joined a while ago. Posted a lot. Stopped and just started again. Im posting in the draft thread right now. I also stop in the BTE from time to time.

[poido123]

I joined a while ago. Posted a lot. Stopped and just started again. Im posting in the draft thread right now. I also stop in the BTE from time to time.


OK no worries :cheers:

For whatever reason I must of not seen you round here...

[I<3NBA]

None. i would spend my money on space exploration and immortality research.

[SpanishACB]

as much as my accountant told me to invest to save myself the max taxes money

you know, like every person with money does