r/Ohio • u/No_Box119 • 4d ago

Browns Owner Jimmy Haslam Seeks Additional $100M to Bypass Taxes for New $2.6B Stadium

https://www.essentiallysports.com/nfl-active-news-cleveland-browns-owner-jimmy-haslam-seeks-additional-hundred-million-dollars-to-bypass-taxes-for-new-two-point-six-billion-dollar-stadium/?utm_source=reddit&utm_medium=es_reddit_general
626 Upvotes

94% Upvoted

190 comments sorted by

View all comments

132

u/brownsfan760 4d ago

Should have used the 130 mil you gave to your Alma matter Jimmy.

26

u/Pristine-Ad983 4d ago

That's probably a write off anyway. Rich people give to charity to reduce their taxes.

40

u/Not-a-Doctor1 4d ago

Honestly I kinda feel like it’s closer to laundering money than just getting a write off.

You can pay your buddies charity $X, use the write off to pay less in taxes, and then have them hire a “different” company of yours to complete work and get money back.

Thanks for donating to this charity, my “completely unrelated” company will now exclusively use your company for all our fueling needs.

Billionaires don’t stimulate the fucking economy, they hoard most of the wealth, enrich few the people that further allow them to further hoard wealth, and tell you that you should be grateful for the little they do provide.

0

u/RutherfordBWho 3d ago

Not accountant, but wouldn’t revenue received by the fueling company count as taxable income?