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re: Can LSU compete in a money war
Posted on 12/20/21 at 10:02 am to laxtonto
Posted on 12/20/21 at 10:02 am to laxtonto
quote:
To make matters worse, now they can disguise these amounts given by big money boosters as tax-deductable dontations to a nonprofit. So now we have big money tech and oil alumni that can use this as a tax writeoff on top of everything elss.
The money for NIL does not come from the school or any foundation associated with the school. The money is directly from the corporation to the players for a service. So it is not a donation and it is not tax deductible.
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