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Raven sues WWE; Possible major problem for WWE
How is there not a thread on this yet?
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I don't know about legally, but morally I think he has a point.
Will it harm the WWE financially? Don't know. If it does. Tough. They should have done it originally. |
Raven is not a dude I would want suing me
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I imagine it would be a serious problem for them, especially if they had to backdate for everyone.
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So this was Raven's masterpiece?
Seriously, the dude is meant to be a genius or something. If he's hitting up the WWE for money, I think Flamingo's going to get paid. The Raven character is pretty fucking awesome, and if it fucks up the WWE some, then you can sign me up as a mark. I'd like to see Raven open his own wrestling promotion, to be honest. Especially if Paul Heyman and Lance Storm agreed to be a part of it. Yeah, I pretty much said that just to give myself an erection. So sue me. Unless you're Raven. |
Nah, they are independent contractors.
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Anyone know how WCW did and how does TNA classify their wrestlers?
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Surely if they were independent contractors, they would be able to take on other contracts as well? IE Work elsewhere provided it didn't interfere with their WWE contract.
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Yeah, no they should be employees, probably. But WWE has an office full of accountants and lawyer, and probaby has connections while Raven is a dude.
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Just the phrase "independent contractor" means that they are independent of WWE; in other words, they should be allowed to work elsewhere. Having a clause that restricts them to a specific organization negates the "independent" part.
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Ok, but that isn't nessicarily what makes them an independent contractor.
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I was talking out of my ass, do ya mind?
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Well, if you are going to make statements like that, make sure you are right. The ability to work for the general public is just one part of being an indepedent contractor, but it isn't the overriding factor in the classifaction. In the end, it is an arbitrary desision made by the IRS. But there is a list of 15 to 20 contributing factors that go into deciding whether or not a person can be classified as an independent contractor, but the IRS can ignore all the factors and decided one way or another just because.
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Being in MENSA doesn't mean you're a good lawyer. Or know shit about law. Research can only take you so far, especially if you're tackling an empire like WWE. |
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Rammsteinmad, that still is an incorrect assumption.
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No it isn't. Independent contractors reserve the freedom to decide where they work, who for and how long for. WWE signs guys to exclusive contracts and then tells them where tp be, what to wear in and out of the ring, etc, etc. That's an employee.
And seriously, there are lawyers lining up willing to work this case against WWE for free. WWE better hope state law is in their favour or they are gonna be majorly fucked and rightfully so. |
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Though the wrestlers should probably be treated as employees. Mostly because WWE can fire them at will.
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Way to burn bridges Raven.
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You seriously think he wants to go back there?
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Raven wasn't going to work for WWE again anyhow.
Oh, and shut up Rob. You don't know what makes someone an indepedent contractor. No one does. :mad: |
An independent contractor is a natural person, business or corporation which provides goods or services to another entity under terms specified in a contract or within a verbal agreement. Unlike an employee, an independent contractor does not work regularly for an employer but works as and when required, during which time she or he may be subject to the Law of Agency. Contractors often work through a limited company which they themselves own, or may work through an umbrella company.
In the United States, any company or organization engaged in a trade or business that pays more than $600 to an independent contractor in one year is required to report this to the Internal Revenue Service (IRS) as well as to the contractor, using Form 1099-MISC.[1][2] This form is merely a report of monies paid; independent contractors do not have income taxes withheld from their pay as regular employees do. When computing taxable income on the federal income tax return, the independent contractor can deduct, from his gross income amount, the amount work related expenses, such as tools or safety gear needed for the work that were purchased by the contractor himself. |
Thanks Xero, but that doesn't complete explain it. I actaully have a 20 point test laying around here somewhere to use as a guideline for seeing they are an employee or contractor.
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Btw, if Raven does win this, this WWE will have to reclassify him, and probably all of the wrestlers as employee and then they will owe the US government all the employee taxes the wrestler's should have had withheld plus the employer's portions. This could easily bankrupt WWE. I'm not complete sure how far back the will be accountable for, off hand I would as far back as 2001. Being that the IRS only has a look back period of 7 years.
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Also, as I just told Rob in an IM, you can have a no complete clause in a contract for an independent contractor while they work of an entity. The key detriming factor will be the control over the employee/contactor. Being that WWE trains the wrestlers, tells the wrestlers where to be, when to be there, how to wrestle the match, what they are looking for in the match, can fire wrestler for a shoddy job, and wrestling is WWE main business fuction, the wrestler are employees. Still it all comes down to the IRS wanting to follow their own guidelines.
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Little question for BDC: If WWE is guilty, does it can put the wrestlers in trouble with I.R.S. too???
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Depends if they paid their own taxes.
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I speak french so I do the best I can to do good sentence!!! What I tried to say is: Independant contractor and employee don't pay the same amount of tax. So if WWE is found guilty, will wrestlers gonna receive money or will they have to pay??? |
Being that it's ya know, BDC's profession, I'm just gonna go ahead and agree with him. You all may know quite a bit about this subject, but no one is going to know it as intamitely as him. Dunno why anyone is argueing with him tbh.
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Bein an accountant wouldn't qualify him ta know anything about employee contracts and contractors and shit a dat nature.
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