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Message: [QUOTE="bags27, post: 2493598, member: 6761"] Since Congress just saw fit to tax endowments of a few exceptionally wealthy schools that go primary to academics, it is an interesting question whether they should also (or even more so) tax sports revenue: [URL="https://www.nytimes.com/2017/12/28/sunday-review/college-sports-tax-dodge.html?action=click&module=Opinion&pgtype=Homepage"]Opinion | The College Sports Tax Dodge[/URL] [I]There are no plans to start taxing television revenue and corporate sponsorships, two of the biggest income streams, which together transformed intercollegiate athletics into a multibillion-dollar business. Even with the legislative changes, collegiate sports remain largely tax exempt, the beneficiary of a public subsidy that is increasingly difficult to defend. The corrosive culture of money in big-time college sports — more than $8 billion a year among the National Collegiate Athletic Association’s Division I sports programs — was painfully obvious recently with the [URL='https://www.nytimes.com/2017/09/26/sports/ncaa-adidas-bribery.html']indictments[/URL] of college coaches and an Adidas executive charged with paying bribes to recruit basketball players and steer them to agents.[/I] [/QUOTE]