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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.

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Comments

Since: Jan 2, 2007
Posted on: February 8, 2012 8:44 am
 

Man who bet on SB safety to donate to charity

He won't pay taxes on it... he'll get the tax money back when he writes off his charitable contribution.




Since: Apr 2, 2011
Posted on: February 8, 2012 8:41 am
 

Man who bet on SB safety to donate to charity

If he gives it all away, he shoouldnt have to pay any taxes on it. 



Since: Dec 18, 2007
Posted on: February 8, 2012 8:37 am
 

Man who bet on SB safety to donate to charity

I bet $10 that the first score would be a FG or a Safety.  I won $16.  I kept it. 



Since: Aug 13, 2006
Posted on: February 8, 2012 6:49 am
 

Man who bet on SB safety to donate to charity

Very nice gesture by the guy. he owns a capital investment firm in Manhattan I see so I doubt he even misses this money. Seems like he threw a bet out there for the fun of it but don't most people do the same. Still a great gesture !



Since: Aug 11, 2006
Posted on: February 8, 2012 2:03 am
 

Man who bet on SB safety to donate to charity

So Indy what are we going to do about that?  We have a voice, it's time to use it.



Since: Aug 16, 2006
Posted on: February 8, 2012 2:01 am
 

Man who bet on SB safety to donate to charity

All I know is I owe $950 to taxes and pissed off about it.



Since: Aug 11, 2006
Posted on: February 8, 2012 1:51 am
 

Man who bet on SB safety to donate to charity

You mean taxes? Is that the money you're forced to reliquish? Just to clarify.
Yes. 




Since: Jun 5, 2011
Posted on: February 8, 2012 1:24 am
 

Great gesture

Just when it looks like every Giant fan in the entire world is a Giant Bleep-hole, Jona Rechnitz saves the day.  This is a great gesture, and I'm sure a lot of people can use the money he will be donating.  This is almost stunning; Rechnitz is doing one of the classiest things I have ever seen a football fan do.  

Three cheers for one of the "good guys."   



Since: Feb 25, 2009
Posted on: February 8, 2012 1:06 am
 

Man who bet on SB safety to donate to charity

Two things:
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. 
You mean taxes? Is that the money you're forced to reliquish? Just to clarify.


We live in the most charitable nation on Earth...
Sort of. The further up the food chain you go, the less true that is. When you get to the US using US money to held other countries, well, that's where we're one of the stingiest. So, it's really a bit of a mixed bag.



Since: Nov 3, 2006
Posted on: February 7, 2012 10:50 pm
 

Man who bet on SB safety to donate to charity

However, just because he carries "investment" in his job description, does not mean he is wealthy.  You know what happens when you assume.
This is true.  Also in his job description is "owner".   That sort of raises the bar a bit.


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