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2025 revenue sharing and Title IX

AtlAtty said:
This makes no sense if NIL is coming from individuals for athletes name, image and likeness. The company/individuals who are providing money for NIL are presumably doing so because they feel the athlete”s NIL has a specific value. This is a free market decision made by a private entity and should not fall under the purview of the DOE. NIL, if done correctly, should not have anything to do with education, and should be arm’s length away from the university.
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This is for the universities' revenue sharing deals.
 
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MrCane said:
Ok, this one I don't understand. Why would nil be tax exempt?
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This is so stupid and could only be brought in a state like Alabama. NIL is income. And even if the state makes it tax free, the federal government, which imposes a much greater tax, will not. And should not. Everyone earning income should pay their share of taxes.
 
AtlAtty said:
This is so stupid and could only be brought in a state like Alabama. NIL is income. And even if the state makes it tax free, the federal government, which imposes a much greater tax, will not. And should not. Everyone earning income should pay their share of taxes.
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They are just asking for state income tax to be waived, not federal. State of AL pays state income tax but no idea why they think college athletes should not pay it.
 
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AtlAtty said:
This is so stupid and could only be brought in a state like Alabama. NIL is income. And even if the state makes it tax free, the federal government, which imposes a much greater tax, will not. And should not. Everyone earning income should pay their share of taxes.
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Only 1 reason why Gawja and Bama would do this and that's because Florida and Texas don't have a state income tax. If you want to keep getting child's from those states then you better keep the playing field even!!
 
AtlAtty said:
This is so stupid and could only be brought in a state like Alabama. NIL is income. And even if the state makes it tax free, the federal government, which imposes a much greater tax, will not. And should not. Everyone earning income should pay their share of taxes.
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Totally agree. My daughter swam in college and had to pay taxes on any sholarship money that was not tuition/academic-related. In other words, anything for room/board was taxable and I ended up paying them. NIL is totally non-school related income.
 
TallyCaneFan said:
Totally agree. My daughter swam in college and had to pay taxes on any sholarship money that was not tuition/academic-related. In other words, anything for room/board was taxable and I ended up paying them. NIL is totally non-school related income.
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Exactly. She paid income tax and did not receive any money in her pocket because she still had “income”.

@TheOriginalCane can do a much better job of explaining the definition of income than I can, but whether we receive money or goods/services, we are receiving income and we are taxed on it. Even a scholarship that covers tuition is technically income in that the student or family does not have to spend their own money for tuition. The term my federal income tax professor used was any “accession to wealth” is income.

I would have no problem with Alabama deciding it does not want to collect state income tax from everyone, but to exempt NIL money while making everyone else in the state pay income tax can only happen in a “special” place. The kind of “special” that rides the short bus to school. Which begs the question, can an entire state ride a short bus?
 
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