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re: New bill to allow athletes to get paid.
Posted on 2/5/21 at 3:03 am to BFANLC
Posted on 2/5/21 at 3:03 am to BFANLC
A lot will change once the free tuition, meals, housing, and “personal” trainers becomes taxable income for the athletes. It will be the same as any of us taking advantage of an employer’s tuition assistance program, it suddenly appears on the W2.
Now throw in the NIL income. The players are gonna owe the IRS mucho dinero.
Now throw in the NIL income. The players are gonna owe the IRS mucho dinero.
1
Posted on 2/5/21 at 9:49 am to RoscoeSanCarlos
quote:
Now throw in the NIL income. The players are gonna owe the IRS mucho dinero.
Only the select few who make the big bucks...the Tuas and the Trevors...will owe anything at all. And they'll still pocket a lot. The vast majority of athletes who will make anything off this...the MTSU QB who shows up at the Murfreesboro Nissan dealership on a couple of Saturdays or appears in a couple of ads...will likely make less than $10,000 a year and won't owe the IRS a dime.
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