1. Where did your likes go? Please Read This Thread »

Looking For Supplements Sponsorship

Discussion in 'Dieting / Supplement Discussion' started by Zach Taylor, Jan 24, 2006.

  1. Zach Taylor

    Zach Taylor Yellow Belt Professional Fighter

    Joined:
    Jan 7, 2004
    Messages:
    156
    Likes Received:
    0
    Location:
    Holtville
    Hey guys... My name is Zach and I'm a pro fighter. I was wondering if anyone had any connections or knew how i could get someone to sponsor with product... I use protein supplements ALOT and they get expensive... I'm 5-0 at middleweight if anyone needs info... thanks guys...
     
    Zach Taylor, Jan 24, 2006
    #1
  2. Chad Hamilton

    Chad Hamilton Amateur Fighter

    Joined:
    Feb 17, 2005
    Messages:
    1,998
    Likes Received:
    0
    Location:
    DC
    Contact Dymatize World Headquarters, Carrollton Texas.
     
    Chad Hamilton, Jan 25, 2006
    #2
  3. Sinister

    Sinister Doctor of Doom Staff Member Senior Moderator

    Joined:
    Feb 22, 2005
    Messages:
    41,794
    Likes Received:
    2
    Location:
    Vegas
    If you're a Licensed Un-armed Combattant you shouldn't be spending a single dime on your supplements. You're aware they're tax write-offs right? You get every cent back at the end of the year. As a Pro Fighter your body is your business, supplements are business expenses.
     
    Sinister, Jan 25, 2006
    #3
  4. IronMikeTyson69

    IronMikeTyson69 Purple Belt

    Joined:
    Feb 6, 2004
    Messages:
    1,546
    Likes Received:
    0
    Location:
    england ( hopfully soon america ) ill take it by s
    just keep all ur bill statments though
     
    IronMikeTyson69, Jan 25, 2006
    #4
  5. KOU In3

    KOU In3 Orange Belt

    Joined:
    Oct 29, 2005
    Messages:
    352
    Likes Received:
    0
    Normally business expenses are tax deductions not tax credits. Meaning you could deduct the cost of the protein from your income so as not to pay taxes on the portion of your income spent on protein.

    For instance:
    $1000 spent on supps. $30,000 income. You pay income tax (let's use 30% tax bracket for ease here) on $29,000 worth of income. Total tax = $8700

    As opposed to not 'writing it off' where his taxes are 30% income tax on the full $30,000. Total tax = $9000

    Saving of $300 on $1000 spent on supps is not the same as 'getting it all back'. Tax 'write-offs' or writing something off on your taxes normally equates to a tax deduction as listed above not a tax credit.

    Also the lower the tax bracket you are in, the less money you save on a deduction. Barring a tax credit (and I could be wrong but I really don't think there is an outright tax credit here for that) the only way to 'get it all back' is if he has enough deductions to lower his income to zero for tax purposes. Normally this only works for business start-ups in the first few years that can amortorize big purchases over time.
     
    KOU In3, Jan 25, 2006
    #5
  6. supersudo

    supersudo Purple Belt

    Joined:
    May 27, 2004
    Messages:
    1,819
    Likes Received:
    0
    Location:
    San Diego
    wow.. this is interesting info!.. i never knew this before..

    does this apply to food and doctor exams?? maybe lasik surgery and restaurant bills? what about training equipment, mats and clothes? lol :)
     
    supersudo, Jan 25, 2006
    #6
  7. Sinister

    Sinister Doctor of Doom Staff Member Senior Moderator

    Joined:
    Feb 22, 2005
    Messages:
    41,794
    Likes Received:
    2
    Location:
    Vegas
    There is something that applies to it for Fighters but I'm not 100% certain what it is. I'll have to look it up. But this was one of my first questions about going Pro myself. It's also similar with Bodybuilders, I never understood how they sustained a living spending copious amounts of money on food, gym memberships, supplements, etc. It has to do with the tax-breaks athletes get.
     
    Sinister, Jan 25, 2006
    #7
  8. b0necrusher

    b0necrusher The crusher of bones.

    Joined:
    Jul 8, 2003
    Messages:
    1,522
    Likes Received:
    0
    Location:
    Kansas City
    This may sound like a silly question, but how does one get licensed as a fighter?
    I have the connections to fight on occasion, and I could sure use the tax break on the supplements I buy.
     
    b0necrusher, Jan 25, 2006
    #8
  9. Sinister

    Sinister Doctor of Doom Staff Member Senior Moderator

    Joined:
    Feb 22, 2005
    Messages:
    41,794
    Likes Received:
    2
    Location:
    Vegas
    Typically it's done through State Athletic Commissions.

    But mind you it has it's drawbacks. Like if you get into a fight in the streets and you're proven to be the aggressor, you're going to catch greater charges because you're a Licensed Un-armed Combattant.
     
    Sinister, Jan 25, 2006
    #9
  10. mmagic

    mmagic Yellow Belt

    Joined:
    Jan 12, 2006
    Messages:
    173
    Likes Received:
    0
    Location:
    central Massachusetts, US
    In fact, if you are a licensed fighter, if you are charged with assault the state will usually up your charges from assault to "assault with a dangerous weapon," which obviously carries considerably worse penalties. No joke.

    The obvious remedy is not be a fucktard and start fights, and if you are forced into a fight make sure you say loudly before anything starts that you are NOT INTERESTED IN FIGHTING so that you have witnesses to back your self defense plea.
     
    mmagic, Jan 25, 2006
    #10
  11. b0necrusher

    b0necrusher The crusher of bones.

    Joined:
    Jul 8, 2003
    Messages:
    1,522
    Likes Received:
    0
    Location:
    Kansas City
    That's fine. I don't start fights, so it's no biggie. As a matter of fact the last "street fight" I ever had was in grade school...lol
    Thanks for the info! I'll have to check it out!
     
    b0necrusher, Jan 26, 2006
    #11
  12. Fyodor Biznitch

    Fyodor Biznitch Yellow Belt

    Joined:
    Jan 6, 2006
    Messages:
    166
    Likes Received:
    0
    Location:
    The Means Streets of Boston (Kentucky fool)...
    I know some folks at Anabolic Xtreme that could definately hook you up but I doubt you'd want to be associated with them.
     
    Fyodor Biznitch, Jan 28, 2006
    #12

Share This Page

  1. This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
    By continuing to use this site, you are consenting to our use of cookies.
    Accept Learn More...