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re: Josh Pate Bringing Some Knowledge Regarding NIL and College Football
Posted on 2/28/24 at 1:22 pm to jonnyanony
Posted on 2/28/24 at 1:22 pm to jonnyanony
quote:
Neither does Florida or Texas but it really doesn't matter much because kids who make big dollars will owe federal either way and state taxes are deductible.
It will be a wash for NIL.
I super don't even care to be right about this, but your math is so far off, why even go down this road? lol
I still think Tennessee, Florida, and Texas have trolling ammo from this.
2
Posted on 2/28/24 at 1:24 pm to IvIerlot
quote:
I super don't even care to be right about this, but your math is so far off, why even go down this road? lol
The math is right. For most top tier talent, their federal obligations will far exceed standard deductions and they can itemize state and local income taxes as write offs.
Ask a CPA.
Posted on 2/28/24 at 1:25 pm to IvIerlot
I used GA as an example, so you can verify by sliding the scale until it exceeds standard deduction: LINK
Maybe, but they better hope the kids are dumb enough to not have secured a financial advisor. I personally think most top-flight seniors will already have them, though.
quote:
I still think Tennessee, Florida, and Texas have trolling ammo from this.
Maybe, but they better hope the kids are dumb enough to not have secured a financial advisor. I personally think most top-flight seniors will already have them, though.
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