American Fortune Life

Chapter 650: Spending Money Sometimes It's Making Money

As the new director of operations for the Rocket team, who runs the team player trade, Bob Miles is definitely a more powerful executive besides general manager Moray.

In the office, Bob looked at a list in his hand, couldn't help but frown, and after seeing the names Chauncey Billups and Ben Wallace on the list, he knew the trouble.

He understands, however, that even if he gets into trouble, he needs to find a way to bring people to Houston, because that's what he's worth, digging Old Nelson from the Warriors to the Rockets, his first shot sounds and he's pretty good, and the next deal is very important, and it's about whether he's going to be able to get the position of general manager that he wants.

Fortunately, he also has his own strengths, which is that he has a very good relationship with most of the brokers in the alliance. After joining Andy Smith's team, his contacts with the brokers became more frequent, and he treated them with a change of mindset, such as Changxi, five million annual salary. The most problematic thing to think about is the broker, such a good guard, even so cheap, the broker would get fewer commissions, and I'm sure Changxi's broker would help him do his job.

Thinking about it, Bob smiled at the corner of his mouth, took a black leather book out of the drawer, started looking, then picked up the phone on the table and pressed the number.

“Hi, George, I, Bob Miles, yeah, this is my office call, okay, you come to Houston and definitely invite you to dinner... I'm calling to talk to you about Chauncey... ”

At the hillside villa on the farm, Andy was sitting on the couch holding his cell phone, smiling at the corner of his mouth, listening to the praise on the phone and putting the TV remote in his hand aside.

“Andy, the acquisition of the Houston rocket did a good job, and some old friends have been calling to congratulate me these past few days, huh? ”

Andy listened to Grandpa Smith on the phone laughing happily, without shaking his head and laughing. Like his grandfather and grandfather, he saw the team as a new boast, especially in Old Texas. Of course, Andy also knew that it was very intentional about the Smith family's growing influence in Texas.

“Grandpa, I didn't acquire the team to talk and show off at the party, but the Rocket team did consider the family's influence in Texas, but more importantly, to invest in value added and enjoy huge tax benefits.” Andy smiled.

“You're a smart kid, counting. No wonder you guys bought teams, New York Red Bulls, New York Giants, Houston Rockets. Is there another baseball team? At least $780 million over the course of the year!” On the phone, there was an old Smith's amazing voice, and he was increasingly surprised at his grandson.

The U.S. Job Creation Act, passed by Congress in 2004, explicitly provides that collectors of professional sports teams will be able to deduct most of the acquisition price from the team's taxable income within 15 years. Professional teams typically employ limited liability companies or entities that ”can pass on costs“, whose profits or losses can be directly credited to the owner's individual tax return and can also be used to deduct other sources of income.

That's why Andy bought rugby and baseball teams that he didn't have a cold at all, Nima, and even if he wanted to do anything about his 10 billion income tax alone, he had to pay a lot of taxes. America is a global tax collector, and whatever money you make in that corner, as long as it's Americans, you pay taxes.

This kind of acquisition team can deduct tax, and when seen in the tax avoidance plan put forward by the think tank, Andy didn't say anything about setting up a direct sports investment company to acquire a variety of teams. What makes people happier than not having to pay taxes to the US government!

Before Andy became a millionaire, he understood that America was a paradise for the rich, but after a think tank, he realized, don't look at the taxes of the U.S. government, which are not only costly, but also heavy, but for the rich, they have ways to avoid taxes rationally, even less than the middle class.

The funds he stays outside will certainly not be withdrawn in the near future. The remittance of overseas profits will require a tax of 35%. It is no different from robbery. He will wait until the subprime loan crisis has fully broken out. In order to fight fires in the United States, he will definitely boost domestic manufacturing, revitalize exports and reduce the proportion of reflux taxes. After all, attract low cost of capital reflux and can boost the US dollar in a timely manner.

By then, most of the money will be withdrawn, which can be offset by the money to buy the team. A variety of tax avoidance methods can be combined. Nima, the tax deduction enjoyed by the team. He can play for 15 years. Don't get too excited!

It's hard not to get rich!

Old Smith, who hung up, also shook his head and laughed, and the Smiths really made a business genius who could play with the money and spend it.

After a pleasant afternoon with Grandpa and Grandma, Andy said goodbye the next day and flew on a private plane with three female assistants and bodyguards to Seattle, where the Boeing Company plant is located in Washington, D.C., in the upper left corner of the map of the United States.

At Boeing's invitation, he went to check on his private big toy modification. After all, after paying for it, he hadn't seen the real thing once, but sent someone from the think tank to keep an eye on it.

Andy is also increasingly hoping to receive his private aircraft sooner rather than later, after all, as he gets busier and more likely to go to another country or city at any time, having his own aircraft is not just a matter of convenience, but more importantly, safety can be guaranteed.

While it's convenient to rent a private plane now, it's not cheap, like the Bombardi Challenger 850, which he's currently riding at around $10,000 an hour. The cost of takeoff and landing is approximately $2200. Overnight parking is charged at 15% of the takeoff and landing fee, about 120 yuan for cleaning, fuel, pick-up, etc. Basically, the cost of a flight was about $100,000.

Of course, Andy knew his own private jet wouldn't cost much, after all.

Hosting and maintenance costs $23,000,000 a year, maybe someone will say it's really not expensive! That's a huge cost of maintenance after not counting the number of flight hours accumulated to a certain extent, which is about 10% of the overall price, so the private jet is really a very luxurious big toy to burn money.

It was afternoon when Andy's private plane landed at the airport in Seattle and slipped onto the private apron.

Back in Seattle, there's nothing happier than Tory Black and Christina, who's also from Seattle.

Not far from the private apron, a middle-aged man with glasses in a suit leather shoe stood on several black SUV roots and saw the cabins open and a few familiar faces soon appeared.

“Welcome to Seattle, boss!

Andy and members of the think tank who stayed at Boeing shook their hands for a few words and quickly left the private apron as Jen leaned into the car.

“Boss, Boeing invites you to visit the aircraft assembly factory tomorrow to see if your aircraft fits and see what needs improvement. ”

When he heard the report from his men, Andy slightly dotted his head, indicating that he knew, through the window, looking out at the view. Seattle, a romantic city known as the City of Emerald, beautifully named "Green Gem” for its rainy greenery. The city's pristine waterways, snowy snow mountains in the distance, landmark ancient architecture and modern skyscrapers make up Seattle's unique urban flavour.

Four Seasons hotels in the bustling heart of the city have long received a faithful vip call from Andy Smith, and preparations for the Presidential Suite are well under way, after all, the Four Seasons hotel's premium concierge service is impeccable.

After a stroll through the Presidential Suite, Andy was delighted to see the vast views of Phuket Bay and Elliot Bay in the Pacific Ocean, from the hotel's alfresco balcony to the well-lit bathroom. Slowly flowing clear BO, white boats floating on the sea, and distant green jungle, create a quiet scroll of paintings that will last forever.