Blog Entry

Man who bet on SB safety to donate to charity

Posted on: February 7, 2012 2:52 pm
 
Justin Tuck's safety on Tom Brady won a man $50,000. (AP)
By Josh Katzowitz

In the immediate aftermath of the first-quarter safety in Super Bowl XVLI, when Justin Tuck forced Tom Brady into an intentional grounding penalty while throwing from the end zone, a few writers in the auxiliary press box started looking up the prop bet odds that surely would pay off in a huge way for at least one person.

Well, a guy named Jona Rechnitz had played a $1,000 wager that a safety would occur, and with those 50-1 odds, he suddenly was $50,000 richer. But not for long.

That’s because as TMZ reports (via Yahoo Sports), Rechnitz plans to donate all the post-tax money to various charities, including one of Brady’s choice. Rechnitz, a big Giants fan, also apparently wants to donate $5,000 to the charity of Tuck’s choice.

Even crazier, Rechnitz -- who owns a capital investment firm in Manhattan and who apparently does quite well for himself -- only makes one Super Bowl bet per year. Luckily for him and his future recipients, this year’s wager panned out rather nicely.

For more NFL news, rumors and analysis, follow @EyeOnNFL on Twitter, Like Us on Facebook, subscribe to our NFL newsletter, and while you're add it, add our RSS Feed.
Comments

Since: Dec 5, 2010
Posted on: February 7, 2012 9:55 pm
 

Man who bet on SB safety to donate to charity

He should of had a bet in australia he got ripped off,he could of got 67/1 and your winnings are tax free.As for giving the winnings to charity good luck to him,its his money he is free to do as he pleases.




Since: Aug 11, 2006
Posted on: February 7, 2012 9:54 pm
 

Man who bet on SB safety to donate to charity

Is that really what i said or did I actually say Id take the payoff of higher taxes that comes with higher income or net worth? Thats what I meant to say.  If you can guarantee me enough money to end mine and my family's monetary problems 1,000 timesover even after I pay say a Reagan or Clinton era tax rate then I will GLADLY pay my fair share. You wont be able to wipe the smile off my face in that scenario. I would not be a greedy, miserable rich man who is jealous of the dirt poor people in this country who pay no taxes. I realize you arent making that argument, but Im so tired of hearing that argument from wealthy people. If you dont wanna pay any taxes then become dirt poor. Thats your blueprint. Problem solved. Taxes are nothing new...stop acting like they are.  I want us to rein in enteitlements just as much as the next guy, BUT I dont want to see millions of Americans go homeless and the crime rate sky rocket in the process and thats what I think will happen if you abruptly end entitlements for millions of poor Americans without giving them training and skills necessary to lead a more self sufficient life. The system is falwed but there are lots of good people who need these programs to get themselves back on their feet after losing a job or getting sick or whatever. I dont want to see them get punished because we are too lazy to figure out who the real abusers are. And Id rather see a softer landing instead of just having massive spending cuts(which are 100% necessary) while the country is still struggling economically.  I usually get a small refund in April but thats because Im a sap who gives the government interest free loans throughout the year my having too much taken out of my pay check.

Ok, so we're not that far off.  The problem is "rich" is a very subjective term, by most people's standard in this world you and I are considered rich and should be stripped of a high percentage of our income because of it.

The logic you're using is looking above but not below, understand there is someone with no access to a computer right now that could use your logic and say you're not being gracious with your income because if I (the poor person) can live in a grass hut so can you so by holding on to your money you're being greedy.

See how the words "rich" and "greedy" are relative.

Also, income tax in the grand scheme of things is a "realtively" new concept.Wink  They've only been around 100 years or so.

The problem is when we hand over our money to a faceless entity how much of it can we be sure is getting to those in need?  As opposed to if we know someone in need and help them.  Bottom line is we can't.  That's my problem, the money really isn't the issue (sure it is somewhat) but the predominate problem I and most people have is that they're being FORCED to relinquish their money with limited to no alternative course of action. 

We live in the most charitable nation on Earth, imagine what we could do with all the money if we were merely able to keep it and use at our discretion as opposed to feeding a hungry giant, while the truly poor get the left overs.  That's the problem with our system, the truly needy folks that just need a hand often can't get it.  Our system encourages people to learn the loopholes on both ends, the givers (tax code) and receivers, all of us in the middle get hosed.

This is the second year I owe, got nailed for 5 large, even after donating 12% of my income.  Unreal.  Sadly my wife's and my income is 101K. 


tallsarabrightm
Since: Feb 7, 2012
Posted on: February 7, 2012 9:28 pm
This comment has been removed.

Post Deleted by Administrator




Since: Nov 18, 2011
Posted on: February 7, 2012 9:25 pm
 

Man who bet on SB safety to donate to charity

He won, he gets to choose.  The rest of these comments are all judgement, shame, politics, dysfunction.  I'm sure those who'll benefit are grateful he made the wager...



Since: Aug 21, 2006
Posted on: February 7, 2012 9:16 pm
 

Man who bet on SB safety to donate to charity

So what you're saying is you're OK with being forced to pay higher taxes?  Look if you're happy to do that then why give your money to an entity that's going to skim off the top and have limited to no accountability that's great.  I'm not.  It's your opinion and I respect it but just because it's OK with you doesn't mean we should confinscate others' property and freedom for not wanting the same.  We should be able to do as we chose with our income.

Just a side note so I can get a better understanding of your opinion, are you a person that will be getting money by April 15th or "helping other people out", in your words?


Is that really what i said or did I actually say Id take the payoff of higher taxes that comes with higher income or net worth? Thats what I meant to say.  If you can guarantee me enough money to end mine and my family's monetary problems 1,000 timesover even after I pay say a Reagan or Clinton era tax rate then I will GLADLY pay my fair share. You wont be able to wipe the smile off my face in that scenario. I would not be a greedy, miserable rich man who is jealous of the dirt poor people in this country who pay no taxes. I realize you arent making that argument, but Im so tired of hearing that argument from wealthy people. If you dont wanna pay any taxes then become dirt poor. Thats your blueprint. Problem solved. Taxes are nothing new...stop acting like they are.  I want us to rein in enteitlements just as much as the next guy, BUT I dont want to see millions of Americans go homeless and the crime rate sky rocket in the process and thats what I think will happen if you abruptly end entitlements for millions of poor Americans without giving them training and skills necessary to lead a more self sufficient life. The system is falwed but there are lots of good people who need these programs to get themselves back on their feet after losing a job or getting sick or whatever. I dont want to see them get punished because we are too lazy to figure out who the real abusers are. And Id rather see a softer landing instead of just having massive spending cuts(which are 100% necessary) while the country is still struggling economically.  I usually get a small refund in April but thats because Im a sap who gives the government interest free loans throughout the year my having too much taken out of my pay check.



Since: Oct 18, 2006
Posted on: February 7, 2012 9:05 pm
 

Man who bet on SB safety to donate to charity

You want to attack someone, how about Charles Barkely for betting $100K on the Pats to take it all?



Since: Oct 18, 2006
Posted on: February 7, 2012 9:02 pm
 

Man who bet on SB safety to donate to charity

I find it difficult to believe that a story about a man donating money to charity from a wild bet he made could bring out such vitriolic comments from people.  Who cares if he's rich or not?  On top of that, he's a Giant fan and donating to one of Brady's charity.

And, just to point out, the article said that it's the only Super Bowl bet that he makes.  It didn't infer that he didn't wager otherwise.



Since: Aug 11, 2006
Posted on: February 7, 2012 8:59 pm
 

Man who bet on SB safety to donate to charity

No you assumed that I was talking about a donation or charity as opposed to simply paying a higher tax rate.  I would be ECSTATIC to be worth tens or hundreds of millions of dollars and pay a higher tax rate. Sign me up! 
So what you're saying is you're OK with being forced to pay higher taxes?  Look if you're happy to do that then why give your money to an entity that's going to skim off the top and have limited to no accountability that's great.  I'm not.  It's your opinion and I respect it but just because it's OK with you doesn't mean we should confinscate others' property and freedom for not wanting the same.  We should be able to do as we chose with our income.

Just a side note so I can get a better understanding of your opinion, are you a person that will be getting money by April 15th or "helping other people out", in your words?




Since: Jan 4, 2010
Posted on: February 7, 2012 8:56 pm
 

Man who bet on SB safety to donate to charity

he only makes one bet a year.....i find that impossible to believe.....and he picks a safety first in the super bowl.....cmon.....how much did he lose on his other bets....LOL



Since: Aug 21, 2006
Posted on: February 7, 2012 8:52 pm
 

Man who bet on SB safety to donate to charity

No but if I was worth like 100 million and you were my neighbor and I saw you eating out of trash cans Id be happy to help you out since I could give you more money then you'd ever make in your life and at the end of the day guess what i would still be...Filthy Rich. 

The bold part is the important part, it would indicate that you have a choice.  Taxes are not voluntary they are compulsory.  You are aptly describing generosity.  When it plays out in taxes the guy eating out of the trash can would be holding a gun demanding a certain percentage of you income (far and above his actual need for necessities) or he would forcibly remove it from you and/or imprison you.
  



No you assumed that I was talking about a donation or charity as opposed to simply paying a higher tax rate.  I would be ECSTATIC to be worth tens or hundreds of millions of dollars and pay a higher tax rate. Sign me up! 


The views expressed in this blog are solely those of the author and do not reflect the views of CBS Sports or CBSSports.com