Comments on: Shoddy Construction Plagues Stadium Expansion

By: John Lister

John Lister — Fri, 03 Oct 2008 17:26:49 +0000

And did you notice that we’re subsidizing those premium seats? From the article:

Club Seats
Annual premium seat gift: $2,500
(80 percent tax deductible)
Ticket price per seat: $650
Total: $3,150

Loge Box (four seats per box)
Annual premium box gift: $15,000
(80 percent tax deductible)
Cost per box $2,600
Total $17,600

Let’s take the Loge Box as an exampe: the puported cost is $17,600 but you can deduct 80% of $15,000 = $12,000 from your taxes. Assuming you’re in a marginal 50% bracket, that’s worth $6,000 to you. Or, to put it another way, we’re paying $6,000 for your seats.

I would say that if it’s impossible to buy the seats without the “donation”, then that is part of the seat cost and none of it should be deductible.

By: Shame on You

Shame on You — Fri, 03 Oct 2008 02:35:08 +0000

This blog is a joke – if you don’t like the stadium project (and clearly you don’t) so be it but dragging a fine company like family owned Gilbane, one of the most reputable firms in the nation since 1873, into your pathetic muckraking is an embarassment. You should be ashamed

By: All the Way

All the Way — Wed, 01 Oct 2008 23:39:35 +0000

How did it get a C.O.? Poeple questioned that right before the opening game. Speaking of this misdirection,what has happened to the supposed three investigations looking into Rutgers activites? Well over a month and not one thing out there or are they all sweeping things under the rug?