Dwight Howard & Joe Smith on MILLIONS Stolen From Them & The TRUTH About NBA Contracts
ฝัง
- เผยแพร่เมื่อ 20 ก.ย. 2024
- Joe Smith joins Dwight Howard to pull back the curtain on NBA contracts and the financial reality behind the big numbers. They reveal how much of their salaries actually go towards taxes, agent fees, and other hidden costs that most people don’t know about. Dwight and Joe also open up about their personal experiences with financial mishaps, including the shocking story of how Dwight had $7 million stolen from him!
About DH12 Above the Rim: Above it all without the ball, Dwight Howard elevates the conversation past sports to the game of life. Through authentic storytelling, engaging, transparent, and humorous conversations with no judgment.
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Produced and Directed by
Tone Love
Stylist for Joe Smith
Sharita Brown
Fitting and Adjustments for Joe Smith
Cubie-ayah George
Director of Photography
Caleb Spencer-Barr
Assistant Camera
Nia J. Williams
BTS Photographer & Videographer
Joe Alexander
Sports players being taxed in every city they play in is wild
everybody is taxed as per where they earn, sports players arent the exception.
Jock tax… i think it was introduced with something happening with MJ
@@cp3190right. Performers too. When rappers/singers have concert tours they’re taxed in every city too
They're considered to be in Sports Entertainment, so they are taxed differently in every city and state. I don't agree with it, but that's taxation. Taxation is theft.
While I feel for them.. and thank you for killing the false narrative on contracts but still realize being taxed on 80 mil is better than being taxed on 45,000 for a year . The struggle is real for everybody. Spend and save wisely
U right, I'm sure the pressure to take alot of people can definitely be overwhelming and so alot of the professional players just starts to spend and have multiple partners out of the wrong emoitions. Alot of people talk bad about these players but they have no clue of what it's like.
Europeans owners Scaming athletes pass taxes down to players pay 51%😂😂😂Nfl an Nba have agent set up 2-4% contract thats 55% there contract.... Litterly instead paying high taxes all have do start none profit organization put money in Community or they Put it in real estate partner with city council affford housing example Athletes lack Knowledge 🤷 most them dont study financial litture just said pay 51% if paying get paid $40% yr $20m plus going Taxes going back to Europeans
Nba an Nfl combine by taxes pay about $3b yr from contract imagine most go to black community for 10 yrs $30b these athletes are not smart Lamar jackson,Jaylen brown 1 smartest
100%. Rich people's problems. People will complain about anything. And it doesn't change when you have more zeros in your bank account.
Please stop saying that us regular public ppl don’t realize how much you get taxed and the fees paid. We definitely know. Only ppl who don’t are selfish, selective hearing ppl, with their hand out. We’re taxed heavily too, and we make peanuts lol
Because nobody puts their salaries into context. People quick to say athletes make XYZ per year when they only make a fraction of that. Most people think athletes are mega rich. But they're far from it.
@@jaydawg7200 WE KNOW. It’s been explained plenty of times. Dumb people or users don’t realize it. The main public does know.
@tyizzirael5132 to be fair most peoplen TRULY dont understand . And unless you have been paid to travel for work in multiple states, its almost impossible to really understand the effects that has on a paycheck, being taxed 4 TIMES in some cases. 2 different states plus the federal taxes.
Unfortunately, there are more stupid people than sensible people commenting on social media. Remember, Tony Snell, a free agent NBA player who needed, still probably needs a few games to get NBA retirement benefits because his children have autism, and people were like, why do you need it when you've earned 50 million in your career? A lot of people don't consider the multiple taxes, fees, boatload of expenses, that come when you make that type of money and think like the players are getting close to the full amount.
Man preach we take the short end of the stick every day the difference is these guys receive an amount of money they’ve never seen before and trust money hungry people. Lesson learned keep the mentality that got you where you are. Just because you got a check don’t act like it remain humble and let it build on its own! Fuck everybody else
*My man was interrupting the fuck outta the hoopers with them questions lol Howard was making a powerful point, with emotions. And buddy cold cut him off to ask joe about a rumor about a 1 million dollar a year deal. Gotta work on transitions and allowing the moment to live. That conversation could have continued with Joes opinion on that subject. Could have got a viral clip because Howard was definitely gonna start crying lol. Gotta let the people speak though champ!*
100% agree with this.
😂😂e
"Its just basketball" words from YOUR king. 😂
One of the best discussions I've seen on this topic. Former NFL player Phillip Buchannon wrote a book on how hard it was for him when he got his money. Had to cut his own mother out because she said she deserved a million dollars for giving birth to him or something like that.
Crazy. More money more problems
Rule number one. Stay in control of your own money and ensure that every expense is approved, scrutinized and endorsed by you. Never give anyone the power to control your funds.
This wide angle shot looks crazy. WTF these dudes got on 😂
When he asked whats more powerful than money. . .i had a different answer but information is #3 its all good 👀👀
Boasting about being ignorant is crazy. It’s true what those chicks who were scamming athletes said, “they are dumb” 😂😂😂. Proof positive.
Chuck D said hire a Lawyer and Accountant
To watch that Lawyer and Accountant
You can deduct the agent’s fee and taxes paid to municipalities and states to reduce the federal taxable income. Also, back then, you could have deducted EBE for anything sport activity, plus deduct a portion of home for a gym.
Joe seems like a good dude
Being broke is tha Root of all EVIL.
Serious question, coz I don't really know: Those billionaires use stocks instead of salaries so that they don't get taxed, right? Is there a way for NBA players to get paid in stocks? 50% tax is crazy. Even if I'm wrong in this, there's gotta a way to avoid getting taxed that high because those billionaires and politicians don't get taxed as much as regular citizens do.
I’m pretty sure it’s been done ngl idk about nba but I know in the nfl a player did it and “lost bread”
One NFL player asked to be paid in Bitcoin
The highest federal tax bracket is 37%. then depending on which state they reside and the jock tax like he mentioned, it adds up. They can’t take their salary in stocks and bonds and things like that, but they can have a financial advisor manage their money for them.
@@matthewwangerin6951 Odell Beckham Jr.
Im pretty sure that's illegal if you let them tell it aka uncle sam and like the guy before me mentioned only loophole is playing in a state with no tax which would put you at 37% instead of 51% it's all a machine that needs to be fed and they have their systems in place for you to follow that's why you see they a big deal when Lamar Jackson used his mother as an agent we see the same with NBA with rich Paul
It was a punishment for us in Detroit because he played like a scrub here
The highest tax bracket I’ve seen is 37%. Where’s the 51% tax bracket at?
He just told you the NBA
Add 14% in Cali
This makes no sense, the nba didn't tax you fool. It's the government @jasontanner7840
@@jasontanner7840 Oh, you don't have a job, I guess. Your employer doesn't tax you. The NBA doesn't tax the players. You didn't understand somehow.
@@critzujay2 Is that state tax on top? I know Joe Smith only played for a Cali team for 3 years. It sounded like they were saying everyone gets taxed at 51% in the league
Diddy is a prime example of they will do anything for money
They are trying to skin ball DIDDY. BRO THESE PEOPLE DON'T WANT TO SEE BLACK FOLKS WITH MONEY BRO THEY THINK BLACKS DON'T DESERVE IT.
@@DonnelWilson-sf8hnno bro they hate diddy because he’s a genuinely terrible person who deserves life
@@truev1llain yes besides that topic when you have money you have to be careful. People are waiting to screw you.
Well, Dwight, you talked about NBA and NFL players getting their salaries broadcasted. They have to do that because the NBA and NFL have salary caps. We know there are already wink-wink deals happening now. Imagine if salaries don't get announced.
This has the potential to be a great detailed ep and explain the real about nba contracts etc but they keep cutting everybody off once they start getting in depth 😮💨
Real Talk
I never thought oof how the agents percentage is the untaxed number... that doubles the percentage of you contract that they get... WOW..
Did Dwight not get that 7 million back or did that investment group get arrested
Dwight said he wanted to beat the hell outta his agent after the "allegations" and seeing how was with teammates he was gonna do more than that😂
Why does Dwight talk like that now. He never use to
Biggest tax on black professionals Athletes,women, family members, and the big one child support, and marriage.
Damn that's robbery
great episode
We know about taxes 😂
Dwight Howard seem like a Cool Genuine Dude, don’t think I’ve ever even heard him Cuss……
When he was an nba player he cussed during games and in the locker room,trust that.
So why is ALOT of them still being foolish with these women and IG models
Learn the word NO thats your boundaries
When the defendant has to pay the other party’s lawyer fees is if you lose I thought? Don’t you have to be liable or guilty of what you’re being sued about?
Coming to Detroit is far from a punishment my boy
I bet all yall give a some rich billionaire some money today. (Gas, Electric, Rent, Mortgage, Tax, Clothing, vehicle, food...)
Dwight Howard been going to too many Diddy parties
You can avoid some of that by playing in markets with less tax in state income and having advisors vs agents not getting multiple women pregnant and marrying former adult film stars who's probably only there for your money and these two did it all
93 million is alot of money, for anybody, get you an accountant homie
😂 all facts
Bro complaining like that’s not the same for regular ppl. Most ppl only bring home bout 45% of what they gross
AGREED.State and federal taxes just to start. LOL. Don't know why Smith gave some random female access to his fiances,come on man no ones that trusting.
AIIIIIINT KNOOOOOOW WAY I GET HAFA 60 MMMMS AND I IN UP BACK IN THE POORHOUSE WHERE I STARTED KNOOOOOOW EXCUSESSS(IS)!!
4:05 Wtf is DH talking they report all sport players salary. All salaries are “plastered “. Stop playing the victim.🤦🏾♂️🤷🏾♂️🤔😂😂 these ninjas are clowns 🤡
Why would he say that if it wasn't so. You tripping. They stole from him.
No Detroit disrespect 😐
What up doe
Sad man. Our GDP for this country is high. NBA players should get 100% of their contracts plus more.
Y u don’t get 100 percent of ur paycheck
@@swervo4464 I made a video on this subject.
You don’t even get 100% and you make WAY less😂
Fight for yourself before the people over U
What u hi on brah?!? 😂🎉😂
@@bryang9601 I made a video on this subject.
yall have no idea what inflation, those players back then $ was worth more than it is pay more attenion to how much stuff cost vs a dollar amount
Kobe Bryant was 30+mill a couple seasons consecutively
That's still only 15mil per year "at best" with those LA taxes
Let that be in one of the big market gonna be far worst
❤
Meanwhile, Trump Elon and Jeff don't pay any taxes.
Jones Timothy Smith Gary Taylor Jason
maybe if they have better accountants
Taxes,and jewelry,agent,child support and so on,and some of them still dnt manage their money right🤷🏾♂️
Just like most folks in America even our government
I love these talks but they have to stop talking over each other so much
What we understand is that nasty text big man..
Dwight sound like he's paranoid
It's his podcast
@@andrem.thomas332 I'm mean I talking bout he has trust no one mentality base off him losing 7 min. Filthy dogs
He’s been rich and famous for 20 years AND has been robbed by people who thought were close. I would be too
Thats not the public perception. This information has been out there for years. Stop it.
Well I tell you what,let's trade Jobs and then you won't be complaining about your taxes when you still taking home 28million ...Who stop crying and Manage your money right
!!!
Boo hoo
Snipe??
Say his name
No way in hell he maked 61 mill and all he gets is 18 mill.
You must not know how taxes work.
It would be around 28 mil something like that they just wanted to gas it for the video
The 51% is Fed +State taxes (every state they play in), Agent fees, Personal Health and Fitness, Housing, Investments, Car(s), Family just to name a few.
y'all hard of listening
He made 100m in his career not 61 m 61 was just the for 4 years
Sounds like a bunch of excuses
White Linda Taylor Steven Moore Kimberly