My Account
Report problem with this ad
Start a related thread
Start a related poll
Reply via Boardmail
May 18, 2024
6:54
:34
pm
Ozymandias
All-American
Meh. Hard to value endorsements and image and licenses like this. They’d be
chasing peanuts even were they to succeed.
Start a related thread
Start a related poll
Reply via Boardmail
Report problem with this ad
Ozymandias
Previous username
imanihonjin
Bio page
Ozymandias
Joined
Oct 9, 2006
Last login
Jun 1, 2024
Total posts
28,308 (1,294 FO)
Report problem with this ad
Messages
Author
Time
My guess is that over the next year we will be hearing about legal problems assoc. with NIL. When you start talking the
Zenoch
All-American
May 18, 5:57pm
Tax issues will undoubtedly arise
Underhill
May 18, 5:59pm
What tax issues? This is clearly taxable income. That shouldn’t surprise anyone
Ozymandias
May 18, 6:05pm
But it's not W-2 income and many of these athletes have never paid taxes,
califcougar
May 18, 7:00pm
That’s on them. They are adults. I am sure they are getting 1099s and I am sure
Ozymandias
May 18, 7:03pm
It’s definitely on them, but that doesn’t mean tax issues won’t arise
califcougar
May 18, 7:19pm
It will turn these college kids conservative much quicker when they see what
Ojiisan
May 18, 6:05pm
The money they receive has already been taxed. Why the double taxation?
Iman23
May 18, 6:12pm
Who was it already taxed on?
Ozymandias
May 18, 6:14pm
Donors. I thought the donations to the collective are not tax deductible. Is
Iman23
May 18, 6:16pm
Couldn’t a collective gift small donations that would fall under gift exemptions
Iman23
May 18, 6:18pm
Correct about collectives but businesses are deducting for endorsements.
Ozymandias
May 18, 6:26pm
Would love to see the IRS audit these and not allow the business expense
Plato
May 18, 6:44pm
Meh. Hard to value endorsements and image and licenses like this. They’d be
Ozymandias
May 18, 6:54pm
Is definitely income to the players so should be taxed at ordinary income rates
Plato
May 18, 6:43pm
Additionally we'll be hearing how a star NIL player got in big debt, was injured
Forzaitalia
May 18, 7:49pm
Report problem with this ad
Posting on CougarBoard
In order to post, you will need to either
sign up
or
log in
.
Report problem with this ad