Page 1 of 1
Luxury Suites? Not so fast, my friend...
Posted: Thu Nov 16, 2017 6:39 pm
by HighlandsApp
Re: Luxury Suites? Not so fast, my friend...
Posted: Thu Nov 16, 2017 6:56 pm
by WVAPPeer
they are so desperate to get something passed I bet most have no idea what all is involved - I hope the word gets out - this will kill the smaller programs ---
Re: Luxury Suites? Not so fast, my friend...
Posted: Thu Nov 16, 2017 9:06 pm
by DaphneUrquhart
Thankfully, most college AD's (including ours) are well aware of what's going on in D.C. and are doing what they can to fight this. I'm sure there will be some creative ideas to help raise the funds we need. Stay tuned for final legislation. It's quite likely that what eventually passes Congress will be significantly different from what we're seeing now.
Re: Luxury Suites? Not so fast, my friend...
Posted: Thu Nov 16, 2017 10:03 pm
by HighlandsApp
DaphneUrquhart wrote: ↑Thu Nov 16, 2017 9:06 pm
Thankfully, most college AD's (including ours) are well aware of what's going on in D.C. and are doing what they can to fight this. I'm sure there will be some creative ideas to help raise the funds we need. Stay tuned for final legislation. It's quite likely that what eventually passes Congress will be significantly different from what we're seeing now.
Let’s hope so. The house bill that passed is even worse for under grads and graduate students than it is for universities. It is a whack at the knees to higher education.
Re: Luxury Suites? Not so fast, my friend...
Posted: Thu Nov 16, 2017 10:56 pm
by Saint3333
Should you really get to count your price of admission to a sporting event as a contribution?
I currently do but don’t buy them because of it.
If you are only giving to a cause because of a tax deduction you’re missing the point.
Re: Luxury Suites? Not so fast, my friend...
Posted: Thu Nov 16, 2017 11:18 pm
by App91
Saint3333 wrote: ↑Thu Nov 16, 2017 10:56 pm
Should you really get to count your price of admission to a sporting event as a contribution?
I currently do but don’t buy them because of it.
If you are only giving to a cause because of a tax deduction you’re missing the point.
99.9% are like you, the deduction is gravy but not the reason. Another red herring by the 4 letter network. A reduction in tax rate and reduction in deduction is a wash
Re: Luxury Suites? Not so fast, my friend...
Posted: Thu Nov 16, 2017 11:49 pm
by HighlandsApp
Saint3333 wrote: ↑Thu Nov 16, 2017 10:56 pm
Should you really get to count your price of admission to a sporting event as a contribution?
I currently do but don’t buy them because of it.
If you are only giving to a cause because of a tax deduction you’re missing the point.
I certainly do not, but the person giving $5k, $10k or $20k may have a different opinion.
Re: Luxury Suites? Not so fast, my friend...
Posted: Fri Nov 17, 2017 1:42 am
by appbio91
Just glad I might finally get to write of some of my private jet expenses.
Re: Luxury Suites? Not so fast, my friend...
Posted: Fri Nov 17, 2017 8:33 am
by mikeyosef
appbio91 wrote: ↑Fri Nov 17, 2017 1:42 am
Just glad I might finally get to write of some of my private jet expenses.
Now, that's funny.
Re: Luxury Suites? Not so fast, my friend...
Posted: Fri Nov 17, 2017 9:12 am
by NattyBumppo'sRevenge
Read my lips, no itemized tax deductions!
Re: Luxury Suites? Not so fast, my friend...
Posted: Fri Nov 17, 2017 10:24 am
by Yosef10
App91 wrote: ↑Thu Nov 16, 2017 11:18 pm
Saint3333 wrote: ↑Thu Nov 16, 2017 10:56 pm
Should you really get to count your price of admission to a sporting event as a contribution?
I currently do but don’t buy them because of it.
If you are only giving to a cause because of a tax deduction you’re missing the point.
99.9% are like you, the deduction is gravy but not the reason. Another red herring by the 4 letter network. A reduction in tax rate and reduction in deduction is a wash
It’s the ADs who are saying these things, not the “4 letter network”.
Re: Luxury Suites? Not so fast, my friend...
Posted: Fri Nov 17, 2017 12:32 pm
by bcoach
Nonsense. Nobody is going to give up season tickets over this. Now the tax bill sucks but this is not the problem.
Re: Luxury Suites? Not so fast, my friend...
Posted: Fri Nov 17, 2017 12:56 pm
by T-Dog
Saint3333 wrote: ↑Thu Nov 16, 2017 10:56 pm
Should you really get to count your price of admission to a sporting event as a contribution?
I currently do but don’t buy them because of it.
If you are only giving to a cause because of a tax deduction you’re missing the point.
Buying a ticket or a t-shirt of a school technically makes you a booster, so I believe so.
Re: Luxury Suites? Not so fast, my friend...
Posted: Fri Nov 17, 2017 1:21 pm
by appbio91
You don't have to give much in most cases to be eligible. So I can see this reducing donations overall. If I for example get the same benefit for $1000 as I would for $5000 and there is no carrot do I still give $5000? Some would some will not. AD's will have to step up the giving levels will be the result IMO.
Re: Luxury Suites? Not so fast, my friend...
Posted: Sat Nov 18, 2017 8:52 am
by pbscotts
This is nothing. Start paying players and then you will see a hit in donations. A big one IMO.
Re: Luxury Suites? Not so fast, my friend...
Posted: Sat Nov 18, 2017 9:31 am
by Saint3333
If you pay players go ahead and shut down competitive college sports outside of the top 70 programs.