|
|
|
|
|
|
by JohnBooty
3307 days ago
|
|
|
1. I don't see this athlete claiming his story is comparable to the plight of refugees or anything like that. 2. Nobody is requiring anybody to read his story; he's simply making it available to anybody that is interested. 3. His story is relevant to millions of (professional, amateur, and occasional) athletes around the world... and millions more with traumatic brain injury. 4. He does have millions of dollars, but a lot of people with chronic illness would gladly trade all that money for a clean bill of health. 5. Consider that when you hear figures like "ten million dollars" that the player may receive only half of that, when taxes and agents' fees are deducted. 6. Even if he got to keep all $10mil tax-free (which he almost certainly didn't, IMO) if he lives another 50 years, that's only $120K per year. A comfortable living, well above average, but certainly not unlimited. |
|
|
The $10 million he got was from an insurance policy, which he said was "tax-free", and which it sounds like he bought for himself. That agrees with what the IRS says:
"If you pay the entire cost of a health or accident insurance plan, don't include any amounts you receive for your disability as income on your tax return."[1]
And I doubt that his agent would be entitled to any of his disability insurance.
I agree with your other points.
[1] https://www.irs.gov/help-resources/tools-faqs/faqs-for-indiv...