Posted by William Charles on January 10, 2019
Uncategorized

Published on January 10th, 2019 | by William Charles

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Recap: Hyatt Bug Bounty, Capital One Cafe, NCAA & More

  • Hyatt Launches Public Bug Bounty Program With Hackerone by Hyatt. This is a smart move given the SPG data breach, realistically Hyatt should have already had something like this in place but better late than never.
  • Reader Rob reports that Capital One credit/debit card holders can get a free Peets drink when they bring in a reusable mug to the Capital One cafe for the month of January. Non-cardholders get 50% off. It’s not clear if this is available at all Capital One cafe’s or only the one in Seattle – Westlake. Some discussion on reddit when Rob previously posted as well.

 

Deals expiring at the end of today or starting today (view the full deal calendar here):

Deals expiring at end of tomorrow:



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Joseph Smith
Joseph Smith

FYI – ID Thieves Exploit Snail Mail (USPS Informed Delivery)

A new mail tracking service provided by the United States Postal Service has a loophole that ID thieves can take advantage of.

https://www.kiplinger.com/article/spending/T048-C000-S002-id-thieves-exploit-snail-mail.html?rid=EML-today&rmrecid=2377332126

Ann
Ann

Except it’s not a ‘new’ service (went nationwide in 2017), and “Anyone can sign up for Informed Delivery, using their own e-mail address and your name and mailing address.” is downright wrong. You have to provide similar personal information to sign up for Informed Delivery as you do when verifying your identity to open a bank account or requesting a credit report. And sometimes the system decides even that isn’t enough, and requires you to come in-person to a post office to show proof that you live at that address.

Eric Canton
Eric Canton

I did not have to go in person to the post office for either of my addresses.

TravelingTricks.com

I dig Phil DeFranco and that video was cool, but what’s that have to do with Finance / CC stuff?

Vic
Vic

This is a recap. DoC recap has always been whatever Will feels worth sharing, related to credit card or not.

Jim
Jim

As with everything, no one is forcing you to watch or read it. I don’t get it: you don’t want certain content here because you feel it’s not worth your time/effort to look at it, and yet you use that time to instead leave a comment?

Think.

Shawn
Shawn

It’s time to close my Radisson credit card.

Ferris
Ferris

College players will never get paid as donations will significantly slow if it isn’t non-profit. It would be a very large net loss for universities unless there is some huge rework of the tax law surrounding this.

JohnnyFlyBoy
JohnnyFlyBoy

That’s not how it works. Paying student athletes wouldn’t force colleges to lose their non-profit status any more than paying coaches does. Non-profit status has nothing to do with how much employees are paid, or not paid.

Ferris
Ferris

If you are paying your “employees” in a capacity that generates revenue for entertainment purposes, that is not covered under any sort of non-profit status – it doesn’t fit the legal definition of a non-profit. You are correct, “non-profit status has nothing to do with how much employees are paid”, but it has everything to do with what the business is actually doing. By paying people to come generate revenue on entertainment that brings in a profit is certainly by all means a for-profit business. This is why the NFL and NBA, which would be nearly identical in structure to the model you are proposing are for-profit businesses.

Melon Gain
Melon Gain

Non profit orgs can pay their employees and still be non profit

Ferris
Ferris

I really don’t think you understand the implications of them being employees are. This isn’t a regular non-profit – they are making plenty of money that generally goes back to the university coffers. A real non-profit is increasing their budget and expanding with income. Alabama isn’t opening up new universities over the country and expanding – they just exist as is. Making them employees would set of a chain reaction which inevitably makes these College Sports for-profit institutions. Then arguably any scholarship is taxable as well as other benefits college athletes receive. Let’s say you pay a college athlete 25K and their tuition/board is 25K. That 50K taxable to a single person is going to be a 10-15K tax bill. Not only that, the university will have to hire a new army of Accountants. And the final nail in the coffin is that large benefactors would no longer contribute because they don’t get their tax write-off to an institution that is for-profit. There are so many countless legal and tax issues it will never happen.

Ann
Ann

Any scholarship money spent on eligible education expenses is not taxable income.

Ferris
Ferris

Yes currently, but that will certainly change in the scenario that athletes are paid. Since they are paid athletes, all benefits they receive (outside of health) would be taxed. Even ESPN has freely admitted this because they have consulted CPAs.

Melon Gain
Melon Gain

I received tuition reimbursement from my employer and was not taxed for that benefit. I’m not saying I know more than a CPA, but I’m just wondering what the difference is.

Edit: I guess you can only get $5250 from your employer tax free.
https://www.irs.gov/newsroom/tax-benefits-for-education-information-center

Ferris
Ferris

Many companies offer this. The caveat is that they are required to take classes to be an athlete by their “employer” so it is very different. You can’t write off a business deduction to yourself. If ABC Employer requires John to work play basketball for ABC and also to take classes at ABC, they cannot write off expenses of his tuition AND let him get that money tax free. That’s writing off the same expense twice which doesn’t work. The ABC Employer loses money in this situation and also people are less likely to give ABC Employer money because they can’t write-off on their taxes. It’s a bunch of domino’s avid sports fans constantly bring up without any understanding of Tax law.

Kimillionaire
Kimillionaire

If you go to Peet’s Coffee, I recommend the coconut cold brew fog. It is heavenly.

Theory
Theory

The constant jump cuts in that NCAA video make it unwatchable for me. I hate that it’s such a prevalent presentation style on YouTube.

Dan - Legal Bank Robber
Dan - Legal Bank Robber

Fuck the NCAA

John K
John K

TRowe Price email today: save up to $20 on Turbotax federal products. If you have a TRowe Price investments account, you can save:
$10 on Deluxe
$15 on Premier
$20 on Self-Employed
email titled “T. Rowe Price Plan Participants Save on TurboTax”

Denis
Denis

Check Amazon deals for Turbotax first

Information Booth
Information Booth

Last time I looked… you can go through a shopping portal and get money back if you purchase Turbotax from Amazon. John 3:16

Elmer
Elmer

I thought it said Hyatt was offering a bounty for anyone who finds Bed Bugs at their hotels! Innovative!

Justin
Justin

The athletic revenue from basketball and football is super important to most large universities and funds all the other non-revenue sports. Paying the players would have all sorts of negative consequences. It would likely eliminate all the scholarships for other sports with true student athletes and increase tuition for everyone.

HT

Fun fact: Barbara Fredrickson’s research actually misses some key dimensions. It’s when individuals are in states of low arousal (I.e., relaxed) where Perception is broadened.

Source: I literally do this kind of research. Contact me for more info.

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