Tax Free NIL

[Pisgahman1]

Saw where Arkansas and two other states are proposing state tax free income for university payments for nil.

[Saint3333]

You can’t hate these people enough.

[appdaze]

It's amazing how far the greed goes around college football that governments are stepping in to give their schools an edge. I feel like there will be lawsuits against this somehow. Nuts. Pro sports it is. Student athlete is gone.

[Mjohn1988]

They could only forgive State income tax. There are states with no state income tax. But I can tell you this, if NC pulled a stunt like this I would have my employer stop my state withholding and dare NC to come and ask me for the money.

[Stonewall]

Which they would.

[Mjohn1988]

Which they would.

I would tell them my employer paid me for the use of my name, image and likeness.

[Stonewall]

You are a handsome devil so perfectly believable.

[ASUTodd]

https://www.on3.com/nil/news/arkansas-n ... ncome-tax/

Looks like it was signed into law.

[Mjohn1988]

https://www.on3.com/nil/news/arkansas-n ... ncome-tax/

Looks like it was signed into law.

Insanity!!!

[BambooRdApp]

Not sure it is that crazy..Arkansas good in basketball and football...tax free pays for itself in revenue earned by university and city of Fayetteville...

[AppStFan1]

https://www.on3.com/nil/news/arkansas-n ... ncome-tax/

Looks like it was signed into law.

Can't help but think lawsuits are coming because this limits who can get it. Anyone can work a job that gives tips so no tax on tips is okay but I have to think that lawsuits are coming. What should be able to let a football player not pay taxes but any regular student working has to do it? With how much many players are making in NIL some of them should be in high tax bracket.

[Saint3333]

Not sure it is that crazy..Arkansas good in basketball and football...tax free pays for itself in revenue earned by university and city of Fayetteville...

This is that fuzzy math billionaires use to rationalize cities paying from their stadiums. No thanks.

[Stonewall]

As stated way back , “ Pandora’s Box” .

[Mjohn1988]

Yeah, this should go over real well. Work-a-day Joe and Jill pay taxes and an 18 year old who can play ball doesn’t. Like I alluded to earlier, I would bring a picture of myself to my boss and ask him our her to put it in the company lobby and pay me for my NIL. I’ll do the actual work for free. Completely idiots running the show in Arkansas.

[pop5app]

At the root of this is a “money grab”. Somewhere I’ve read that the love of money is the root of ALL evil.

[bcoach]

https://www.on3.com/nil/news/arkansas-n ... ncome-tax/

Looks like it was signed into law.

Can't help but think lawsuits are coming because this limits who can get it. Anyone can work a job that gives tips so no tax on tips is okay but I have to think that lawsuits are coming. What should be able to let a football player not pay taxes but any regular student working has to do it? With how much many players are making in NIL some of them should be in high tax bracket.

Why should folks not pay taxes on tips? Tips are income and I have to pay on my income.

[AppStFan1]

https://www.on3.com/nil/news/arkansas-n ... ncome-tax/

Looks like it was signed into law.

Can't help but think lawsuits are coming because this limits who can get it. Anyone can work a job that gives tips so no tax on tips is okay but I have to think that lawsuits are coming. What should be able to let a football player not pay taxes but any regular student working has to do it? With how much many players are making in NIL some of them should be in high tax bracket.

Why should folks not pay taxes on tips? Tips are income and I have to pay on my income.

Most who get tips get them in cash and under report them to begin with so it is not like the government is actually getting what it should. I would normally be against no tax on tips but because of COVID and the inflation that happened I think the hospitality class needs it big time.

[bcoach]

https://www.on3.com/nil/news/arkansas-n ... ncome-tax/

Looks like it was signed into law.

Can't help but think lawsuits are coming because this limits who can get it. Anyone can work a job that gives tips so no tax on tips is okay but I have to think that lawsuits are coming. What should be able to let a football player not pay taxes but any regular student working has to do it? With how much many players are making in NIL some of them should be in high tax bracket.

Why should folks not pay taxes on tips? Tips are income and I have to pay on my income.

Most who get tips get them in cash and under report them to begin with so it is not like the government is actually getting what it should. I would normally be against no tax on tips but because of COVID and the inflation that happened I think the hospitality class needs it big time.

Actually I would think most resturant and bar bills are on cards. Actually inflation has boosted tips as the vast majority of tips atr a % of the bill and those bills are a lot higher now. An awful lot of servers are making some really nice money. EVERYONE should be paying their taxes. I am still working so I am paying taxes on my social security. That is money I have given the govt interest free. All they are doing is giving back my own money they have held for up to 50 years. So if I have to pay taxes on the money I have given them for 50 years then they can pay taxes on their tips.

[spacemonkey]

Best free leson I ever recieved. "The government can do anything it wants to do, if they have the votes" Arkansas evidently has the votes. Will North Carolina??? It definitely gives Florida and Tennessee an advantage. A huge disadvantage to Rutgers and the California teams.

[AppStFan1]

https://www.on3.com/nil/news/arkansas-n ... ncome-tax/

Looks like it was signed into law.

Can't help but think lawsuits are coming because this limits who can get it. Anyone can work a job that gives tips so no tax on tips is okay but I have to think that lawsuits are coming. What should be able to let a football player not pay taxes but any regular student working has to do it? With how much many players are making in NIL some of them should be in high tax bracket.

Why should folks not pay taxes on tips? Tips are income and I have to pay on my income.

Most who get tips get them in cash and under report them to begin with so it is not like the government is actually getting what it should. I would normally be against no tax on tips but because of COVID and the inflation that happened I think the hospitality class needs it big time.

Actually I would think most resturant and bar bills are on cards. Actually inflation has boosted tips as the vast majority of tips atr a % of the bill and those bills are a lot higher now. An awful lot of servers are making some really nice money. EVERYONE should be paying their taxes. I am still working so I am paying taxes on my social security. That is money I have given the govt interest free. All they are doing is giving back my own money they have held for up to 50 years. So if I have to pay taxes on the money I have given them for 50 years then they can pay taxes on their tips.

I think everyone should have to pay taxes if we do but I am okay with this being a temporary thing for them. If I go out to eat I always bring cash to look out for them because I know some just put it on the card and every waitress or waiter I know personally always told me to give them cash. On the flip side, you would be surprised how many people are bad tippers. Also, many people could not afford to give 20% on top of the normal prices and eat out a lot so I know people who have been eating out a lot less so sure on one table they might make more but when you got less customers it evens out.