To Carolina Business Journal:
“I told (Panthers president Danny) Morrison this the other day: I said, ‘You know, we lowered your corporate taxes, we lowered the (personal) income tax, we cleaned up the issue of what was a (3 percent gross-receipts) tax embedded into my Panther tickets and yet for the last two years I’ve increased (my payments because of higher prices). Explain to me why that is.’”
Simple answer: The Carolina Panthers raised ticket prices because they can. It’s simple supply and demand. They think they can fill the stadium at those higher prices. To bring tax issues into it suggests a lack of understanding of basics economics. Or that you’re a grandstanding politician.
H/t: LSK
