Reply to thread

Message: [QUOTE="UConnJim, post: 4158451, member: 1559"] A company that reports a profit, but retains the profit, still pays tax on their income. And, there are some colleges that do make money on college athletics, so those profits could be taxed, but the vast majority of colleges do not make money on athletics. And, if there was a tax on profits, colleges would find a way to not report profits so taxing college athletic departments is really a mute point. One of the biggest issues I see for college athletes if they become "employees" or are making large sums of money is that tuition reimbursement by an employer over a certain level is taxable, so would some portion of college athletic scholarships for "employees" become taxable? I think student athletes should have two choices: 1) Receive a scholarship with cost of attendance and athlete benefits tax free. 2) Have college athletes pay taxes on their wages and benefits including tuition reimbursement as "employees". I think the vast majority of athletes would choose option 1, but athletes with large NIL opportunities, like Paige Bueckers, would choose option 2. [/QUOTE]