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re: Academics starting to call for the end of college football
Posted on 7/31/17 at 1:19 pm to MontyFranklyn
Posted on 7/31/17 at 1:19 pm to MontyFranklyn
quote:
why is it so hard for some of you to understand the difference between public and private money? Tax dollars pays for police officers and teachers because they work for the public. Private citizens and corporations fund college athletics through television money and ticket sales. There is far more money collected from sports in the private sector. The only real reason they aren't paying them more money now is because of Title iX
Well that is not 100% true. Most money given to colleges for athletics come in the form of ticket priority just for the right to buy tickets. That is then tax deductible at the rate of 80%. My 4 scholarship tickets cost $12,000, but I get a $9,600 tax deduction. So the government is still partially funding the moneys that go for sports.
2
Posted on 7/31/17 at 1:29 pm to allin2010
quote:wow, what a SHAM that is. It is treated like a charitable donation. I wonder how much money charities miss out on every year b/c of crap like that.
Well that is not 100% true. Most money given to colleges for athletics come in the form of ticket priority just for the right to buy tickets. That is then tax deductible at the rate of 80%. My 4 scholarship tickets cost $12,000, but I get a $9,600 tax deduction. So the government is still partially funding the moneys that go for sports.
Posted on 7/31/17 at 1:50 pm to allin2010
quote:They aren't directly funding it, that is my point. Just because you take advantage of tax loop holes doesn't mean that the government is funding college athletics. That tax loophole only inflates the price Auburn is putting on the tickets in the first place. If that loophole didn't exist, Auburn would price those tickets much cheaper because they wouldn't be able to unload them at $12k without the tax break loophole.
Well that is not 100% true. Most money given to colleges for athletics come in the form of ticket priority just for the right to buy tickets. That is then tax deductible at the rate of 80%. My 4 scholarship tickets cost $12,000, but I get a $9,600 tax deduction. So the government is still partially funding the moneys that go for sports.
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