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Post by YAKMAN is ICHIBAN on May 18, 2011 14:12:26 GMT -5
According to Pwinsider.com, the WWE is requiring all of their signed talent to personally purchase and maintain medical insurance for themselves. WWE will not be covering the cost of the insurance, but as independent contractors, the workers would be able to write off the cost of the medical insurance as a business expense.
This move had reportedly been rumored for a while, but was confirmed on Monday. The change was presented to WWE talent prior to the announcement that UFC was going to provide all of their fighters with medical insurance.
Me thinks that after all the recent negative attention re: their status as independent contractors, you'll see more step like this.
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Post by Djm Doesn't Find You Funny on May 18, 2011 14:14:26 GMT -5
This is what I like to call Jerry McDevitt's Greatest Success.
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Post by turkeysandwich on May 18, 2011 14:14:56 GMT -5
I thought that's the way they've always done it?
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Post by Big Daddy Bad Booking on May 18, 2011 14:14:56 GMT -5
I'd hate to be a lower-card talent in WWE right now. Go from poorer to poorest, they'd literally have nothing to scrap together after a week's worth of work.
Keep in mind, mid and upper card talents are gonna be okay, and still be able to save some. The lower people however...
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Post by Cactus Jack on May 18, 2011 14:15:32 GMT -5
What's changed then? Were they not bothered whether they had it or not before?
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Post by Wolf Hurricane on May 18, 2011 14:30:28 GMT -5
THANK YOU DAFFNEY!
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Allie Kitsune
Crow T. Robot
Always Feelin' Foxy.
HaHa U FaLL 4 LaVa TriK
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Member is Online
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Post by Allie Kitsune on May 18, 2011 14:32:53 GMT -5
I'd hate to be a lower-card talent in WWE right now. Go from poorer to poorest, they'd literally have nothing to scrap together after a week's worth of work. Keep in mind, mid and upper card talents are gonna be okay, and still be able to save some. The lower people however... My guess is that even as independent contractors, they could probably still qualify for some sort of group discount assuming they'd all be able to buy from the same provider (Though, since they don't all live in the same state, I don't know if they'd be able to do that or not) |
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Legion
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Post by Legion on May 18, 2011 14:34:53 GMT -5
I'd hate to be a lower-card talent in WWE right now. Go from poorer to poorest, they'd literally have nothing to scrap together after a week's worth of work. Keep in mind, mid and upper card talents are gonna be okay, and still be able to save some. The lower people however... Their choice. Don't like it, leave. |
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Post by chaimwitz on May 18, 2011 14:36:24 GMT -5
so they risk life and limb and see massive dollar amounts that vince pockets and they have to buy their own insurance? wow.....
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Post by woowoowoox on May 18, 2011 14:41:13 GMT -5
This is not new. Pretty sure this has been the case for, like, ever now.
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PKO
King Koopa
Posts: 12,613
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Post by PKO on May 18, 2011 14:42:21 GMT -5
Wait, if they can "write off" the cost of the medical insurance then what is the problem?
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Post by Branimal on May 18, 2011 14:43:36 GMT -5
Wait, if they can "write off" the cost of the medical insurance then what is the problem? |
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Post by Jedi-El of Tomorrow on May 18, 2011 14:45:24 GMT -5
Wait, if they can "write off" the cost of the medical insurance then what is the problem? And while the WWE isn't covering the cost of insurance, they're covering the cost of the rest of the medical bills. |
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Post by Spankymac is sick of the swiss on May 18, 2011 14:45:52 GMT -5
Wait, if they can "write off" the cost of the medical insurance then what is the problem? Indeed. This seems fine, if a bit "loopholey" to me, but people will still find a way to paint Vince and Co. as Satan for it. |
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kidglov3s
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Posts: 15,870
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Post by kidglov3s on May 18, 2011 14:48:48 GMT -5
Wait, if they can "write off" the cost of the medical insurance then what is the problem? Doesn't a tax deduction kind of mean nothing when you don't make enough money to have the taxes to deduct from? Like the lower card talent making like, what, 30 grand or so (going from a Christian to Ryder tweet last year) would probably not get back what they paid out due to not having all that much they have to pay in taxes? I admit I don't understand too much about this stuff. |
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Post by Jedi-El of Tomorrow on May 18, 2011 14:51:07 GMT -5
Doesn't a tax deduction kind of mean nothing when you don't make enough money to have the taxes to deduct from? Like the lower card talent making like, what, 30 grand or so (going from a Christian to Ryder tweet last year) would probably not get back what they paid out due to not having all that much they have to pay in taxes? I admit I don't understand too much about this stuff. It's something they need for work, they can write it off. It doesn't matter how much they make, they can still write it off. |
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Post by The Summer of Muskrat XVII on May 18, 2011 15:20:57 GMT -5
I thought that's the way they've always done it? Not quite. Before, it was "If you want insurance, you have to buy it" now it's "If you want to be employed with us, you have to have insurance" The difference is that now WWE is forcing their employee's to buy health insurance. It's a good move on their part |
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Post by steamboat1 on May 18, 2011 15:24:20 GMT -5
Tax writeoffs mean nothing anyway as about 80% of the talent now live in Florida or have a house there so they don't have to pay income tax.
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Post by FailedGimmick on May 18, 2011 15:25:42 GMT -5
No idea what brought this on, but I'm glad it is happening.Anything that helps keep them safe in the long run is okay in my book.
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Post by joebob27 on May 18, 2011 15:32:06 GMT -5
Doesn't a tax deduction kind of mean nothing when you don't make enough money to have the taxes to deduct from? Like the lower card talent making like, what, 30 grand or so (going from a Christian to Ryder tweet last year) would probably not get back what they paid out due to not having all that much they have to pay in taxes? I admit I don't understand too much about this stuff. Bingo. You can't write off taxes you don't pay. |
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helped $lim jinx NXT. Woops
