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Post by Captain Stud Muffin (BLM) on Oct 14, 2016 16:24:33 GMT -5
So seriously, worst case scenario, how bad will this tax thing come back to bite them in the ass? If there is one thing you don't f*** with it is taxes. Once you have that on your ass and no place to recover you are in a shithole. |
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bob loves the Hurt Syndicate
Backup Wench
The "other" Bob. FOC COURSE!
started the Madness Wars, Proudly the #1 Nana Hater on FAN
Posts: 80,999
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Post by bob loves the Hurt Syndicate on Oct 14, 2016 16:26:20 GMT -5
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Post by Rumble McSkirmish on Oct 14, 2016 16:37:58 GMT -5
I can imagine the conversation between Kevin Dunn and Vince: Dunn: "John Gaburick me and offered me a proposal." Vince: "What proposal?" Dunn: "He offered to sell TNA's tape library to us if we gave him a job." Vince: "Let me see what he's done since started working for TNA and I'll consider it." Dunn: "OK." Later that day: Vince: "Kevin, I checked out what Gaburick has done with TNA and holy s***, that almost gave me a stroke. Tell him HELL NO!" Dunn: "That bad huh?" Vince: "My grandkids could have done a better job than him." Dunn: "Wow, it must have been bad." I could see the conversation go more like this. Dunn: So Vince about that offer to buy the TNA video library? Vince: Damn it Dunn! We've already got all of the Test, Albert and Trish Stratus footage in our own archives. How is it good business sense to re-buy what we already own? |
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MiLB Fan
Fry's dog Seymour
Posts: 20,584 
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Post by MiLB Fan on Oct 14, 2016 16:44:40 GMT -5
TNA: Taxes? Not Applicable!* *For our company, anyway. |
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Steveweiser
Dalek
Mickie Mickie You're So Fine... Hey Mickie!
THE GRAPS
Posts: 50,249
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Post by Steveweiser on Oct 14, 2016 17:01:12 GMT -5
TNA UPDATES by Mike Johnson @ 5:56 PM on 10/14/2016 The music rights issues regarding themes that were pulled from Impact Wrestling last night are said to be that songs that were written for Dale Oliver and according to two sources, a pay issue for that material is at the center of whether TNA had the proper rights to the songs or not. A story making the rounds is that TNA President Billy Corgan informed Pop about the issue (I cannot 100% confirm this to be the case, but have heard it from multiple sources) and TNA production had to spend a few extra hours on last night's episode to make sure it was fit to see air. There were some in the production circle grumbling about Corgan because of the extra work but to be fair, if there wasn't a question about the rights to begin with, no additional editing would have been necessary. If the music returns down the line, that means TNA and Oliver were able to come to terms. Serg Salinas, Dixie Carter's husband, would be who oversees TNA's musical rights. While no one has spoken out regarding the lawsuit Billy Corgan filed on 10/12, Jason Powell at www.ProWrestling.net was able to get a statement from Corgan's spokesperson Lissa Druss Christman: "As president, Billy is looking out for the long-term interest of the company, its employees, its talent, as well as its stakeholders and contractors.” All involved in the lawsuit have gone radio silent. In regard to rumors we have been asked about regarding wrestlers saying they are going to file breach of contract if their pay is late, it's possible that could happen as it was talked about by some at TV last week, but whether anyone actually does remains to be seen. TNA usually pays talents two weeks after they appear on television. |
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Post by bootytea on Oct 14, 2016 17:05:13 GMT -5
Whenever I feel like my life has reached its lowest point and I am full of doubt and questioning my own worth as a man, I shall be able to remind myself that at least I have never been reduced to such a low as to be groveling to Kevin Dunn. And this is what it comes down to for many people here, wanting to watch others crumble so they feel better about their lives. The celebrations over TNA's demise shock me. I get there were a lot of questionable practices, but I would much prefer if people showed some concern for everyone who is gonna be affected. Let's face it, a lot of these guys won't have a lot of options after. Its good that there will no longer be this sort of mismanagement, but I'm just amazed at how these discussions have no sympy for people that are gonna suffer. Another pet peeve is this cyber bullying of Kevin Dunn because of one Cornette shoot. Maybe I'm just overly sensitive. |
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Chainsaw
T
A very BAD man.
It is what it is
Posts: 90,480
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Post by Chainsaw on Oct 14, 2016 17:08:52 GMT -5
At this point, I don't even want Dixie just out of wrestling for good. I want her in jail.
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Post by Confused Mark Wahlberg on Oct 14, 2016 17:22:58 GMT -5
TNA usually pays talents two weeks after they appear on television. Wrestler: "When the hell am I gonna get paid?!?!" Dixie: |
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Post by Vice honcho room temperature on Oct 14, 2016 17:41:26 GMT -5
For a company that makes no money how do they owe taxes?
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Post by Ryushinku on Oct 14, 2016 17:46:05 GMT -5
This is years of bad decisions and "oh wow, TNA managed to avoid dying yet again!" all coming home to roost. Painting themselves further and further into a corner beyond all reason and sense until there's no-where else to go.
I'm sure Dixie is going to be distraught about all this. I believe she cares heart and soul about the company. That she was so bad at running it and unable to see or have others to help deal with her limitations is another story.
The way things are snowballing, I'm genuinely wondering if they'll even get to do the next round of the Hardys Wackiness Marathon.
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Post by Captain Stud Muffin (BLM) on Oct 14, 2016 17:51:08 GMT -5
For a company that makes no money how do they owe taxes? Even if you make "no money" TNA in itself is still a for profit company and have to report their fillings. They have to report taxes on whatever they may pay for land where their corp is set amongst other things. Even if you are trying to skimp your way out of owing or paying a bunch of money since the workers are contractors I'm sure Dixie probably gives herself a little pay every 2 weeks for tax purposes amongst other things. |
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Doctor Of Style
King Koopa
Well, first they love me, and then they don't. Sometimes they do it, and sometimes they won't.
Posts: 12,104
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Post by Doctor Of Style on Oct 14, 2016 18:03:18 GMT -5
For a company that makes no money how do they owe taxes? Even if you make "no money" TNA in itself is still a for profit company and have to report their fillings. They have to report taxes on whatever they may pay for land where their corp is set amongst other things. Even if you are trying to skimp your way out of owing or paying a bunch of money since the workers are contractors I'm sure Dixie probably gives herself a little pay every 2 weeks for tax purposes amongst other things. They'd have payroll taxes, state unemployment tax (SUTA) amongst others. |
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Chainsaw
T
A very BAD man.
It is what it is
Posts: 90,480
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Post by Chainsaw on Oct 14, 2016 18:04:20 GMT -5
My question is, what is the state of Tennessee going to do with 5000 RDV shirts and 20,000 plastic EY beards?
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Post by Captain Stud Muffin (BLM) on Oct 14, 2016 18:05:45 GMT -5
Even if you make "no money" TNA in itself is still a for profit company and have to report their fillings. They have to report taxes on whatever they may pay for land where their corp is set amongst other things. Even if you are trying to skimp your way out of owing or paying a bunch of money since the workers are contractors I'm sure Dixie probably gives herself a little pay every 2 weeks for tax purposes amongst other things. They'd have payroll taxes, state unemployment tax (SUTA) amongst others. Yes. I'm an accountant so I could go into intense detail but I don't want to kill people with boredom. Basically to keep it simple just because you didn't make money as a corp doesn't mean you don't owe in taxes as you still have to file. |
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Chainsaw
T
A very BAD man.
It is what it is
Posts: 90,480
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Post by Chainsaw on Oct 14, 2016 18:06:02 GMT -5
And oh man...what if the people threatening to go FA if they're not paid are The Hardys? So long TND!
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Post by Vice honcho room temperature on Oct 14, 2016 18:06:41 GMT -5
My question is, what is the state of Tennessee going to do with 5000 RDV shirts and 20,000 plastic EY beards? Don't forget all those autographed Brooke Hogan 8x10s they still sell on their website |
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Post by Captain Stud Muffin (BLM) on Oct 14, 2016 18:07:11 GMT -5
And oh man...what if the people threatening to go FA if they're not paid are The Hardys? So long TND! I would think they are getting paid hopefully for all the shit they are doing on their own accord. |
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Tony Schiavontay
Dennis Stamp
This is the greatest post in the history of this board!
Posts: 4,083
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Post by Tony Schiavontay on Oct 14, 2016 18:09:39 GMT -5
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Zone Was Wrong
Bill S. Preston, Esq.
Currently living off the high that AEW brings every Wednesday and Friday
Posts: 17,801
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Post by Zone Was Wrong on Oct 14, 2016 18:18:31 GMT -5
So can I sue on the grounds of mental anguish after watching an Impact episode this year?
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Mozenrath
FANatic
Foppery and Whim
Speedy Speed Boy
Posts: 122,246
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Post by Mozenrath on Oct 14, 2016 18:22:39 GMT -5
So seriously, worst case scenario, how bad will this tax thing come back to bite them in the ass? If there is one thing you don't f*** with it is taxes. Once you have that on your ass and no place to recover you are in a shithole. Some motherf***ers are always trying to ice skate uphill. |
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