Chapter 669: Spending Money Sometimes It's Making Money

As the new director of operations for the Rockets, in charge of the team's player trades, Bob Myers can definitely be said to be a more powerful executive in addition to general manager Morey.

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

However, he understands that even if it is troublesome, he needs to find a way to bring people to Houston, because this is his value, poaching the old Nelson from the Warriors to the Rockets, his first shot is fired, and he played beautifully, and the next trade is also very important, which is related to whether he can get the general manager position he covets in the future.

Fortunately, he also has his own advantages, that is, he has a very good relationship with most of the agents in the league, after joining Andy Smith's team, he has more frequent contact with various agents, treating them with a model of empathy, such as Chauncey, an annual salary of five million, I think the most opinionated is the agent, such an excellent point guard, it is so cheap, the commission that the agent can get is even less, I believe Chauncey's agent will help him do the work.

Thinking of this, a smile appeared on the corner of Bob's mouth, took out a black notebook from the drawer, began to rummage, and then picked up the phone on the table and pressed the number.

"Hi George, I, Bob Myers, yes, here's the phone number from my office, okay okay, you're definitely going to have dinner in Houston... I called you just to tell you about Chauncey... ”

In the hillside villa of the farm, Andy was sitting on the sofa with his mobile phone, with a smile on the corner of his mouth, listening to the compliments on the phone, and casually putting the remote control of the TV in his hand aside.

"Andy, the acquisition of the Houston Rockets has done a good job, and some old friends have called me to congratulate me these days, hehe. ”

Andy listened to the happy laughter of his grandfather Smith Sr. on the phone, and did not shake his head and laugh, his grandfather, like his grandfather, regarded the team as a new show-off, especially old Texas, of course, Andy also knew that the expansion of the Smith family's influence in Texas was very intentional.

"Grandpa, I didn't buy the team to increase the conversation and show off at the party, the Rockets did think about the family's influence in Texas, but more importantly, it was for investment appreciation and huge tax benefits. Andy said with a smile.

"You kid, you're really shrewd enough, you can count it in one fell swoop, no wonder you kid buys teams everywhere, New York Red Bulls football team, New York Giants, Houston Rockets, is there still a baseball team? In this way, you will have to spend at least 780 million dollars within the year!" On the phone, the voice of old Smith came to exclaim, and he was more and more surprised at his grandson.

The American Job Creation Act, passed by Congress in 2004, explicitly stipulates that buyers of professional sports teams can deduct most of the purchase price from the team's taxable income for 15 years. Professional teams typically use a limited liability company or a "cost pass-through" entity whose profits or losses can be credited directly to the owner's personal tax return and can be used to offset other sources of income.

This is also the reason why Andy will buy the football and baseball teams that he doesn't have a cold at all, Nima, even if he tries his best to go through a variety of channels, he has to pay taxes for all ages, the United States is a global tax country, no matter how much money you make in that corner, as long as you are an American, you will pay taxes.

This kind of good provision that the acquisition of teams can be deducted from taxes, when seen in the tax avoidance plan taken out by the think tank, Andy did not say a word and directly set up a sports investment company to acquire various teams, what is more happy than not having to pay taxes to the US government!

Before Andy became a rich man, he understood the saying that the United States is a paradise for the rich, but after having a think tank, he understood that the US government's taxes are not only varied, but also very heavy, but for the rich, they have ways to avoid taxes reasonably, and even pay less than the middle class.

The funds he left outside will certainly not be withdrawn back in the near future, and overseas profits need to be repatriated home with a tax of 35 percent, which is no different from robbing, he will wait, and wait until the subprime mortgage crisis breaks out in full swing, and the United States will definitely boost the domestic manufacturing industry, revive exports, and reduce the proportion of repatriation taxes in order to boost the domestic manufacturing industry, after all, the cost of attracting funds to return is low and can boost the dollar in a timely manner.

At that time, most of the funds will be withdrawn, and it is just right to use the money from the acquisition of the team to offset this part of the tax, and a variety of tax avoidance methods will be matched, Nima, the tax deduction enjoyed by the acquisition team can be played for 15 years, it's not too cool!

It's really hard not to get rich!

Old Smith who hung up the phone also shook his head and smiled bitterly, the Smith family really has a business genius, who can play with money and spend money.

After a good afternoon with his grandfather and grandmother, Andy said goodbye to the second elder the next day, and took three female assistants and bodyguards on a private plane to Seattle, where the Boeing factory is located in Washington state, in the upper left corner of the map of the United States.

He was invited by Boeing to check on the modification of his personal big toy, after all, after paying the money, he had not seen the real thing once, that is, he sent someone from the think tank to keep an eye on it.

For private jets, Andy also wants to receive them more and more sooner, after all, as he gets busier and busier, he may have to go to another country or city at any time, and having his own plane is not only a matter of convenience, but more importantly, safety can be guaranteed.

Although it is also convenient to lease a private jet now, the price of leasing is not cheap, such as the Bombardier Challenger 850 he is flying now, which costs about $10,000 per hour. The cost of take-off and landing is about 2,200 yuan. The overnight docking fee is charged according to 15% of the take-off and landing fee, the cleaning fee of about 120 yuan, as well as the fuel cost, the pick-up fee and so on. Basically, the cost of a flight is about 100,000 US dollars.

Of course, Andy also knows that his private jet will not cost less, after all

The annual cost of custody and maintenance is 2.3 million US dollars, some people may say that it is really not expensive! That is, before counting the accumulation of flight hours to a certain extent, the aircraft has to be maintained, which is very expensive, and the cost of aircraft maintenance is about 10% of the overall price, so private jets are really a very luxurious and money-burning toy.

By the time Andy's private jet landed at the Seattle airport and taxied onto a private tarmac, it was already afternoon.

Back in Seattle, there is no happiest person than Torrey Black and Christina, who is also from Seattle.

Not far from the private tarmac, there was already a middle-aged man in a suit and leather shoes wearing glasses standing on the root line of several black SUVs, and saw the cabins open, and soon several familiar faces appeared.

"Welcome to Seattle, boss!

After shaking hands with the members of the think tank who stayed at Boeing, Andy leaned over and sat in the car, and soon the convoy left the private tarmac.

"Boss, the people from Boeing invite you to visit the aircraft assembly plant tomorrow, and by the way, see if your aircraft decoration is in line with it, and see if there is anything that needs to be improved. ”

Hearing the report of his subordinates, Andy nodded slightly, signaling that he understood, and looked out through the car window at the scenery. Seattle, a romantic city known as the "Emerald City", is known as the "Green Jewel" because of its abundant rain and greenery. The city's pristine waterways, snow-capped Rainier Mountains in the distance, landmark buildings and modern skyscrapers are all part of Seattle's unique urban charm.

Located in the heart of the bustling city center, the Four Seasons Hotel has already received a call from Andy Smith, a loyal VIP, and preparations for the Presidential Suite have long been in place, after all, the high-end concierge service at the Four Seasons Hotel is impeccable.

After staying, Andy walked around the Presidential Suite and was very satisfied, whether it was the hotel's open-air balcony or the well-lit bathroom, with the vast view of the Pacific Ocean Puget Sound and Elliot Bay. The slowly flowing Qing BO, the white boats floating on the sea, and the green trees and jungles in the distance form a quiet picture, and the poetry and painting linger for a long time.