re: Lane Kiffin used private plane perk paid for by donors for family vacation.

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Stop winning or leave and shite comes out more publicly.

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The stories on Golding will make Kiffin’s read like a children’s book.

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Good to know Arkansas is the measuring stick for your now, what $80 million coach?

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Arkansas is a measuring stick for everyone. Losing to Arkansas is an indication a program is at rock bottom.

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Are all these NIL contracted kids paying taxes?

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I bet a lot aren’t. And it will serve as a powerful life lesson when the IRS comes knocking.

IRS.gov - NIL is treated as fully taxable income

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Yes, money earned from Name, Image, and Likeness (NIL) deals is fully taxable. The IRS treats NIL earnings as taxable income, which includes both cash payments and the fair market value of non-cash compensation like merchandise, cars, or trips.

Student-athletes are generally considered independent contractors by the IRS, meaning you must report this on your tax return:

Self-Employment Tax: You are responsible for a 15.3% self-employment tax (for Medicare and Social Security) if your net earnings are = $400.

Federal & State Income Tax: You must pay federal income tax on your earnings, and you may also owe state taxes depending on your home state, the state where your school is located, and any states where you traveled to perform services.

Because taxes are rarely withheld automatically from NIL checks, it is highly recommended to set aside 30% to 40% of your earnings to cover your tax bills.

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California is especially interesting as they charge athletes and performers taxes on income earned while they are in California, regardless of their state of residence. So if an athlete receiving NIL money plays in California, they have to pay California their cut.

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Seattle Seahawks quarterback Sam Darnold made headlines after Super Bowl LX due to California's "jock tax". Because the game was held in Santa Clara, California, and he spent over a week there, the state prorated a portion of his lucrative $105 million contract, resulting in an estimated $249,000 tax bill.

Although the standard NFL Super Bowl winning bonus is $178,000, Darnold's specific California tax bill on those working "duty days" exceeded his game check, leading to viral internet claims that he "lost money" by winning the game.

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I wonder if the flood gates will open for audits of NIL athletes sometime in the future.

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no pics of Kiffin daughters in vacation bikinis?

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40 grand for Florida? Pretty sure you could go to Europe for that cash.

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Flying private is expensive bud. You should chat gpt it since it’s not something you’ll ever experience.

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Yeah. That and the cops being called for stalking because he wouldn't leave her apartment. And we had to pay her off to keep her from filing a restraining order against him.

ETA: just for perspective she broke up with him when she found out he got the second coed pregnant when her dad made a stink and threatened to sue.

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You people are so far gone ....

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Pepper Rutland letting him use the MMR plane.. I don't see an issue?

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lol its one the same planes that went to pick up Lane when he told Ole Miss to stick it. "im leaving for LSU"

Lol, we're paying 3 million for a golden parachute for our former AD. They're getting a bargain.

Our donors have so much money that we stipulations in our coaches' contracts to pay for their vacations. Meanwhile Kentucky "invests" in basketball and can't even make it past the Sweet 16 anymore!