for those that think the Federal government should
not get involved with the NCAA and anti trust legislation should look at the article attached explaining that Mississippi has passed legislation so that NIL is now not taxable in their state.
Cody Campbell (not in the article) has a a good argument, as things have spiraled out of control IMO.
Link:
No tax on tips
19 Replies
4mo
They shouldn’t involve themselves in something that is irrelevant in the grand scheme of things.
(In response to this post by Big12 guy)
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Vippie1
4mo
to help pay tuition is subject to taxation but the QB being paid over a million dollars isnt? Makes sense.
(In response to this post by Big12 guy)
4mo
I would assume the college players would also have to pay that. But, are they only paying out of state taxes on the formal revenue sharing from the schools? Or does it also extend to their NIL money?
If college players have the same tax rules as NFL players then it would not matter as much what each individual state does. My guess though is that NIL has different tax rules since it is not a salary that is directly tied to playing the games.
(In response to this post by Big12 guy)
4mo
the athletes are much less concerning to me. It is State legislators getting in the action. If they are going to pay the athletes like professionals, then that comes with taxes.
It's the 501(c)(3) status of the athletic departments and anti trust issues that will in all probability be the catalyst to change what we currently have. I'm increasingly becoming convinced that there will be Federal action.
If the P2 or any variation of football wants to break away, then they will be treated as businesses, and taxed accordingly. There is a LOT of leverage out there to change the trajectory of this sport, and while it's all speculation on my part, I think some big changes are on the horizon.
(In response to this post by HokieAl)
4mo
tax. If I'm not mistaken the BIG12 and ACC schools have the same disadvantage with teams in both of these states. Looks like the SEC is right, "It just means more".
(In response to this post by Big12 guy)
4mo
don't see where it moves the needle that much. It's much more important on how the States regulate their respective schools budgets. Getting institutional support is more important IMO.
That being said, every dollar counts in recruiting it seems, so, more power to them.
(In response to this post by manassashoo)
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I85Hokie
4mo
Mississippi can tax or not tax what they choose. Their income tax rate is what, maybe 5%. Is exempting 5% going to cause more and better athletes to come to Ole Miss or Miss State, and thus inject more money into the state’s economy when those teams win more? I suppose that’s the logic.
(In response to this post by Big12 guy)
4mo
that it will be the patchwork of different rules and laws across the States that will compel the Federal Government to ack. The State legislators are getting involved, and they can do what they do, but given that different States have different ways of financing their University system, it creates an even more uneven playing field.
IMO, the change will come, not from trying to make the football playing field even, but from the athletic Olympic and the education side.
(In response to this post by I85Hokie)
4mo
I can't even hate them for it.
BTW, all states give tax breaks to all kinds of businesses and individuals (some quite rich) for all kinds of reasons.
Also, state tax policy isn't the same across the nation and gives incentive to free agents to choose destinations based on tax code. Two that stick out were LeBron to South Beach and Bryce Harper to Pennsylvania from their previous locales.
And here is the thing about athletes paying taxes. The FIT rate will be quite high in the athlete's condensed earning years. So if a state wants to give athletes a break to keep something like football competitive nationally, then so be it. It's the least of things on my list to get offended about.
(In response to this post by Big12 guy)
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Stech
4mo
purposes. I know it’s a word not used much today in college sports, but hopefully the pendulum swings back and it becomes more popular again.
Organizations that lose it many times end up failing, even if they thrive at first without it.
(In response to this post by Big12 guy)
4mo
Not taxing legitimate income from one class of citizen is going to open a can of worms. I see no legitimate reason why NIL is not income.
(In response to this post by Big12 guy)
4mo
requires tens of thousands of pages. (State taxes are not this extreme, I suppose.) But not a single tax law has been ever dreamed up to make taxes "fair." It is always to benefit one group or individual over all others.
And Stech, the "integrity" you seek requires only that we all follow the same rules and provide penalties that are certain and severe. We have lost that.
"Fairness" is a fantasy. Lesser programs can decide to continue competing against more powerful rivals or gather themselves into a new collection of like programs. There is no "fix" for the disparity of resources.
(In response to this post by VT ChemE 1986)
4mo
Where Football is priority number 1 while boasting 50th place in state Healthcare rankings.
(In response to this post by VT ChemE 1986)
4mo
virtuous than football.
(In response to this post by RVAHokie05)
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Vippie1
4mo
they clearly deliver a higher standard of life on average for its citizens then Mississippi.
(In response to this post by Palmetto Hokie)