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re: Josh Pate Bringing Some Knowledge Regarding NIL and College Football
Posted on 2/28/24 at 9:01 am to Smokeys Howl
Posted on 2/28/24 at 9:01 am to Smokeys Howl
quote:
Tennessee has no state tax. So we won't have these problems
Ask people in Tennessee who have a business if they pay no state taxes and they will laugh at you. That really only applies to W-2 or personal investment earnings. If you have an LLC (which any player would be nuts not to form one for his NIL earnings) you are likely filing a Form FAE170 (Franchise/Excise Tax).
1
Posted on 2/28/24 at 9:12 am to PeleofAnalytics
The tax implications of 190,000 division I student athletes becoming employees of schools overnight would be staggering. Add in title IX and it would be a shite show of epic proportions. But it would be incredible to watch.
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