I've said for years (mostly tongue in cheek) that if you want to stop the "attendance" argument, just double enrollment. Easy peasy. lol
Spectrum Stadium UCF
- Thread starter KanePA
- Start date
I've said for years (mostly tongue in cheek) that if you want to stop the "attendance" argument, just double enrollment. Easy peasy. lol
Too bad......if the deduction is your reason for giving to Pitt, you're just plain dumb. Maybe those Birkenstocker Marxist profs are overpaid?
Who says the wealthy will be able to deduct contributions?? And if you are truly middle class, it's close to a break-even.
BTW...Stubhub fees aren't deductible. Just donate the "after-tax" amount.
Upper middle class. Yea, for me, its about a break-even. We arent one percenters or lower middle class, the 2 groups who win in this new plan.
You're right not all wealthy folks will be able to deduct donations. But many more wealthy folks will be able to deduct them than upper middle class because they pay more in property tax and donate more on average
If people are donating for tax deduction purposes, you are donating for the wrong reason. If you are going to be hurt because of not being about to write off those donations to charities, you probably shouldnt be donating that much in the first place due to it not being truly disposable income (not to mention they are doubling the standard deduction to $12,000 from $6,350 for individuals and $24,000 from $12,700 for joint filings).
Completely in favor of doing away with deductions...especially for college athletics (which is a professional business, not a "charity" and not for education purposes).
Completely in favor of doing away with deductions...especially for college athletics (which is a professional business, not a "charity" and not for education purposes).
First of all low - med- high middle class aren't the people making large donations. They donate to causes including U's because they want to. Most of these families will end up better off than they were so donations will continue!
You're listening to the "fake news" outlets who want the middle class low to high end to feel left out.
Already under Trump we're experiencing 3%+ GDP growth (3.3% in the last Q) which "The Obama" never came close to.
Jobs are back, middle class wages are increasing, housing purchases are up, people on foodstamps is down, the labor participation rate is improving, the unemployment rate is down, the stock market is at record levels, companies are expanding, businesses are moving jobs back to the US, other businesses are announcing business starts in the US for the first time in a long time, illegal immigration is down, So Don't Worry Middle Class People Will Still Be Able to Make Their Donations As In The Past!
In our area of PA Eastern PA it was just reported in the news that there's a shortage of homes due to new homebuyers, and a shortage of workers to fill the newly added jobs.
Some of us ( Mrs Buffett & I included) who are politically active are questioning why anyone should be on unemployment in the Lehigh Valley when there's a shortage of workers???
Of course some people will always be unemployed its the generational unemployed families who have made an "industry" out of government handouts but most should be able to find jobs!
Our proposal ( 4 pt summary) that we're working thru county gov't. and up to Harrisburg PA is:
-26 wks max unemployment benefits
-required monthly job seeking activity which must be documented. If job seeking activity doesnt take place unemployment benefits are terminated.
-reasons why job aren't accepted when offered
-approval must granted to stay on unemployment more than the 26 wks max
Last edited:
The attendance year doesn't matter. The volume is never going to be enough for Heinz Field.
Come on now. Who cares about "reasons for donating?" I am going to donate the same amount regardless. I would rather be paid for doing so. I would rather have more money than not have more money. That is such a ridiculous argument. You can't be serious. And whether you like it or not, contributions to charities are going to take a serious hit because a lot of people donate because they know they are going to get 20%, 30% whatever back when they do their taxes. But that's the wrong reason to donate so the charities wont miss that wrong money I'm sure
Stop with the Fake News crap. What real news do you listen to.
I am stating a complete fact that I dont need a news organization to tell me.
Me, myself and I will no longer be able to write off my donations. This is all am saying. I am not debating anything else.
If I listen to real news channel that has no agenda, will they tell me that I can write off my donations?
So stop with your garbage and answer my question.
But your asking other taxpayers or the deficit/debt to pay you for charitable organizations to charities you care about. What if I as a taxpayer didnt care for those specific charities? More a theoretical disagreement on this. Like you said, I would still donate regardless and a lot of this will get picked up in the doubling of the standard deductions for the majority of people. I tend not to deduct as is my charitable donations, because in truth I dont think I should get money back or taking it from the coffers for charities I believe in. Just me though.
I especially have issue with charity status for athletic department donations for college athletics.
The deductions are limited for everyone. And nothing is law, yet. How are the wealthy treated differently? And why AREN'T you wealthy? I know why I am not.....though I was a 2% for many years.
Just give the after tax amount. Unless
Property taxes will be limited. I pay $7800 or so. So, if you donate $100 to Children's Hospital and are in the 25% bracket....send them $75.00 next year. Simple.
The money quote there is:
"At the time, Slade said UCF was investing only enough to expect something along the lines of a high-school stadium or the old Citrus Bowl."
Anyone who thinks this could be done on the cheap is fooling themselves. They aren't fooling anyone with a brain, but they are fooling themselves.
No one took away charitable deductions.
Essentially no one who was donating anything close to significance ($1K+) to Pitt football will see any difference, in their cost of donating, via the tax change.
They took away the ability for middle class and upper middle class folks to be ABLE to deduct it. Why is that so hard to wrap your head around. Stop changing the argument. I dont want to hear that rich people can still deduct it or if you donate for the write off then its for the wrong reason. Stop being so stupid.
30% of people itemized. Now, 4% of people will itemize though I think it will be closer to 1-2% of people will. So, literally 1/4 of Americans who used to be able to write off donations will now not be able to. That's it. Im not saying its not the greatest tax plan ever. Maybe it will be. But we're not going to be able to write off donations.
Oh, I'll give you the one last rebuttal: "The money you are saving under the new plan will make up for not being able to write off donations." Yea, maybe. But again, that is not what I am saying. I am simply saying 1/4 of Americans will no longer have the tax incentive to donate
As, I have told you, this is all wrong.
Most people who itemized and had the means to donate will still be itemizing. Mortgage interest and property taxes, along with charitable donations will be deducted and almost everyone who itemized and made donations previously will still itemize. The change to the difference of the minimum to itemize is less than $4k from the previous tax setup to the new program. People who were just barely hitting that minimum with their mortgage interest and property taxes were definitely not donating much to charity and especially not Athletic Departments. For Pitt's donor base, this will essentially change nothing because their home prices and property taxes are extremely high and for almost all, they will hit the itemizing minimum before they even include charitable donations. In the Southeast and Midwest? Sure there will be less people itemizing, but still, folks who are actually donating significant amounts to ADs are not barely scraping over the itemizing minimum.
You have an extremely skewed idea of who is donating, who is itemizing, and who is "middle class". The actual "middle class" doesn't donate because they barely have enough money to save for retirement or their kids' college.
BTW, I think the tax plan is awful and will fall almost completely flat and turn out a disaster in 5 years, but the overwhelming amount of AD donors will be doing their taxes exactly like they always have.
This changed the itemizing minimum by less than $4k and thus will essentially only affect the folks barely hitting that range. Most of those folks did not and will not be donating much (especially to ADs) so there will be very little change.
OMG, the "its not supposed to" line is one of the funniest things I've read on this board in a long time. When you build something on the cheap, it does a lot of things its not supposed to....and doesn't do a lot of things that it should do.
The argument for an on-campus stadium is that it is needed to make us competitive with big-time programs. And we're supposed to do it by replicating what Akron did. Surely I'm not the only one who sees the irony in that.
Bet that man bet that.
But to clear the slums of Oakland at the outstart ....Pitt would run out of money way before a stadium could be put up and then collapse in the first place.
Why is this guy allowed to continually plug his breitbart BS on a football site. Nothing but lies and hatred. Yet he is never touched. Disgusting.
Yea, Buffet is, wow, I don't what you would call him. A pretty sick dude for sure.
So, this is officially completely wrong. The new tax bill will allow people to continue to deduct mortgage interest, property taxes, and income taxes. Essentially no one who used to itemize will lose the ability to itemize. This is overwhelmingly true for folks with enough money to donate significantly to charity and especially to ADs.
The notion that 28+% of tax filers were just barely scraping over the previous limit (only $3,800 lower) and would now lose the ability to itemize and thus grossly reduce charitable donations was spectacularly wrong, previously, but now it isn't even close.
I believe mortgage deductions will be capped on the first $750k but I doubt many Pitt fans will see this as an issue. For the schmuck with a pretty average income and modest deductions, the increased standard deduction will just make their taxes a lot easier to do themselves.
I wish I had problems like paying high taxes because my income is so high.
Good. Now we just need to spend a million dollars to say it's not feasible to build an on campus stadium to make SMF happy.
Yeah, so even if you have a $940k home, you probably have mortgage interest at or below the cap, so there is no difference. If you have mortgage interest above that, you ABSOLUTELY have other itemized deductions (property and income taxes, alone) which will still make itemizing the most advantageous.
For most, there still won't be much of a difference. The change is only $3800 between what the itemized deduction minimum was and will be. Very, very few people were that close to the line and almost 0 of those people who were barely scraping over it would have had the money to donate in any significant way to an Athletic Department. The schmuck with a pretty average income and modest deductions isn't making above and beyond donations. It really is just pretty easy math that essentially no one was in a class where they will now reduce their donation to Pitt because they were previously less than $3800 over the itemized deduction minimum. That is especially true in Pitt's general donor base where home prices are higher, property taxes are MUCH higher, and income taxes are high and prevalent.
Even a pretty lower level PA donor family will still be itemizing. A modest home with a $320k mortgage at 4% is $12.8k+ in mortgage interest, ~$4.8k in property (calculating at PA average and 80% of market value), and ~$6.2k in income taxes (on $200k of total family income) puts you ~$200 under the new itemized deduction minimum before any other itemized deductions. Frankly, a PA family of 4 making only $200k and living in an upper middle class community is probably barely saving enough for retirement and college before even thinking (or should think) about donating to an AD.
Been to UCF's stadium. It was very low budget honestly. Everything is made of aluminum, barely any concrete, kind of like HS bleachers. That is why it bounces. I find it to be terrible but they built within their budget. I expect they will do a renovation and put some decent seats in there. Pitt does not want what they have. Their tailgating was terrible back then because its a huge commuter campus.
I guess we should fill the stadium with LazyBoy chairs to make our fickle fanbase more comfortable.
Agreed on the Cincy game. The atmosphere for the PSU game was also electric across the entire North Shore. It was equal to/better to any Steelers playoff game I have been to. I still feel that any legitimate college football program should have their own football stadium. I don't think anyone will take Pitt Football seriously until that type of commitment is made.
