re: Nonprofit NIL Collectives just took a hit

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This should not be tax exempt. They should learn the hard lessons of taxation and maybe they will be wiser in some of the causes they support.

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Wow, so much wrong with this statement.

1. The money paid by the collective to the student-athlete is taxable income to the student-athlete and is reportable as same on their individual income tax returns.

2. The biggest impact of collectives being denied non-profit status would fall on the boosters who fund the collective. Said boosters are currently deducting their contributions to these non=profit collectives as charitable contributions on their individual income tax returns, thusly receiving the tax break on their contributions. What hard lessons of taxation would they be learning from collectives losing their non-profit status?