Exempting NIL from state tax. How can taxpayers not raise 10 kinds of absolute h*ll about this?

[18IsTheMan]

Louisiana became the latest state to introduce a bill to exempt NIL earnings from state tax. I just don't see how any thinking, working individual in these states (I believe Illinois, Alabama and Georgia have similar bills) could possibly support this. If I lived in one of those states, I'd be absolutely irate. These punks already get a free education, free room, free board, top-notch everything...medical care, physical training, nutrition. You name it. They get 4 years of living like most folks will never know. NOW they get 6 and 7-figure NIL deals on top of all that. And states want to exempt them from paying taxes on it?

NIL itself is grossly insulting to fans. But this is downright immoral. The fan who works hard and, in many cases, makes much, much less than these football players do, has to pay his taxes. But they want to let these spoiled rotten kids who are making more than most of the fans off the hook just so they can have a competitive edge in sports.

I don't care your position on NIL or anything else. Even if you're the most ardent, devoted NIL supporter, how can you support an athlete with a 7-figure NIL deal not having to pay state taxes when you darn sure have to pay your share? It's idiocy on top of idiocy. What kind of grown up cares about college sports that much? This is the kind of proposition I might have thought made great sense when I was 14 and oblivious to the world of financial responsibility.

Has this world lost it ever loving mind?

 

[18IsTheMan]

At this point, if state legislatures invoked prima nocta for college athletes, I half expect some moron fans would go along with it.

 

[USCEE82]

At this point, if state legislatures invoked prima nocta for college athletes, I half expect some moron fans would go along with it.

Do schools still have cute female hosts for male athletes on their official visits?

 

[will110]

Do schools still have cute female hosts for male athletes on their official visits?

I don't know, but this is the director of on-campus recruiting for USC football.

Jessica Jackson

gamecocksonline.com

 

[18IsTheMan]

Do schools still have cute female hosts for male athletes on their official visits?

You mean prostitutes? I'm sure in some capacity schools make sure that is covered as well.

 

[PrestonyteParrot]

Louisiana became the latest state to introduce a bill to exempt NIL earnings from state tax. I just don't see how any thinking, working individual in these states (I believe Illinois, Alabama and Georgia have similar bills) could possibly support this. If I lived in one of those states, I'd be absolutely irate. These punks already get a free education, free room, free board, top-notch everything...medical care, physical training, nutrition. You name it. They get 4 years of living like most folks will never know. NOW they get 6 and 7-figure NIL deals on top of all that. And states want to exempt them from paying taxes on it?

NIL itself is grossly insulting to fans. But this is downright immoral. The fan who works hard and, in many cases, makes much, much less than these football players do, has to pay his taxes. But they want to let these spoiled rotten kids who are making more than most of the fans off the hook just so they can have a competitive edge in sports.

I don't care your position on NIL or anything else. Even if you're the most ardent, devoted NIL supporter, how can you support an athlete with a 7-figure NIL deal not having to pay state taxes when you darn sure have to pay your share? It's idiocy on top of idiocy. What kind of grown up cares about college sports that much? This is the kind of proposition I might have thought made great sense when I was 14 and oblivious to the world of financial responsibility.

Has this world lost it ever loving mind?

Taxpayer ignorance or lack of involvement in their representatives voting on this type of legislation is how these things fly under the radar.
Thanks for spreading the information for us to keep our eyes open.

 

[Piscis]

You mean prostitutes? I'm sure in some capacity schools make sure that is covered as well.

I think every school still has the "hostesses". Think how proud those girls' dads are.

 

[Gamecock Jacque]

I think every school still has the "hostesses". Think how proud those girls' dads are.

Most of them have daddy issues for a reason.

 

[Forkcock]

Louisiana became the latest state to introduce a bill to exempt NIL earnings from state tax. I just don't see how any thinking, working individual in these states (I believe Illinois, Alabama and Georgia have similar bills) could possibly support this. If I lived in one of those states, I'd be absolutely irate. These punks already get a free education, free room, free board, top-notch everything...medical care, physical training, nutrition. You name it. They get 4 years of living like most folks will never know. NOW they get 6 and 7-figure NIL deals on top of all that. And states want to exempt them from paying taxes on it?

NIL itself is grossly insulting to fans. But this is downright immoral. The fan who works hard and, in many cases, makes much, much less than these football players do, has to pay his taxes. But they want to let these spoiled rotten kids who are making more than most of the fans off the hook just so they can have a competitive edge in sports.

I don't care your position on NIL or anything else. Even if you're the most ardent, devoted NIL supporter, how can you support an athlete with a 7-figure NIL deal not having to pay state taxes when you darn sure have to pay your share? It's idiocy on top of idiocy. What kind of grown up cares about college sports that much? This is the kind of proposition I might have thought made great sense when I was 14 and oblivious to the world of financial responsibility.

Has this world lost it ever loving mind?

That's total BS. These kids want to be paid, taxes come with the territory.

 

[18IsTheMan]

That's total BS. These kids want to be paid, taxes come with the territory.

But they po college students...you can't take their money.

The good news is they expect legal challenges from other college students whos income would still be taxed. I can see no legal reason whatsoever why the one should be taxed and the other should not.

 

[will110]

But they po college students...you can't take their money.

The good news is they expect legal challenges from other college students whos income would still be taxed. I can see no legal reason whatsoever why the one should be taxed and the other should not.

The legislature decides to make one tax-free. Definitely unethical, but is it illegal? State governments hand out tax breaks all the time.

 

[Piscis]

If I can get my employer to reclassify my pay to show it as "NIL compensation" can I avoid paying state income tax?

 

[muscleknight]

The guy at Miami had his Lamborghini stolen so its obvious some are getting large sums. Lamborghini maintenance isn't cheap. They should pay taxes since in my opinion they are employees and not students.

 

[Gamecock Jacque]

Wouldn't you love to make millions tax free?

 

[18IsTheMan]

The legislature decides to make one tax-free. Definitely unethical, but is it illegal? State governments hand out tax breaks all the time.

But in this case I just can't see the justification. Why should an athlete at LSU with a 6-figure NIL be exempt from state tax but a non-athlete college student be required to pay state income tax? It's a tough argument to make.

Of course, they'll argue that successful college teams contribute to economic growth. I just don't know how you could convincingly argue that a regular college student who is paying his own way has to pay taxes on his income, while a student athlete, who is going to school 100% free (with perks galore) and making 6 or 7 figures shouldn't have to pay taxes.

But I think NIL is ludicrously absurd on its own, so I'm way out of step.

 

[will110]

But in this case I just can't see the justification. Why should an athlete at LSU with a 6-figure NIL be exempt from state tax but a non-athlete college student be required to pay state income tax? It's a tough argument to make.

Of course, they'll argue that successful college teams contribute to economic growth. I just don't know how you could convincingly argue that a regular college student who is paying his own way has to pay taxes on his income, while a student athlete, who is going to school 100% free (with perks galore) and making 6 or 7 figures shouldn't have to pay taxes.

But I think NIL is ludicrously absurd on its own, so I'm way out of step.

The justification is simple: advantages for college football players in the respective states. And, of course, that's obscene.

Could a regular college student working a regular job challenge that in court? I really don't know, that is way outside my legal expertise.

I agree that NIL, as it's been implemented, is absurd.

 

[KingWard]

Exempting NIL from state tax. How can taxpayers not raise 10 kinds of absolute h*ll about this?​

Outrageousness raised to another level.

 

[18IsTheMan]

Outrageousness raised to another level.

I simply cannot wrap my head around it. Thankfully, these are all just bills and not laws...yet. I've gotta hope there will be enough outrage for hardworking taxpayers that these don't advance.

 

[b-flag]

ITT athletes are punks & hostesses are whores
why you yahoos are following college football is a conundrum
athletes always got tax free incentives and girls have always hosted recruits
same as it ever was
nobody cares about your pathetic whining crypto fans
get over it, over yourselves

 

[KingWard]

I simply cannot wrap my head around it. Thankfully, these are all just bills and not laws...yet. I've gotta hope there will be enough outrage for hardworking taxpayers that these don't advance.

It won't pay them politically to pass this. Football ain't THAT influential, even in Louisiana.