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re: Anyone know the TAX of NIL
Posted on 2/3/22 at 8:26 pm to Scatback1
Posted on 2/3/22 at 8:26 pm to Scatback1
If they are smart, they will set up NIL payments as “gifts” from enough donors to keep the individual donor $$$ amount under $10k year and its tax free.
Player gets 100k year as $5k gifts from 20 boosters. Boom, tax free bitches!
Player gets 100k year as $5k gifts from 20 boosters. Boom, tax free bitches!
3
Posted on 2/3/22 at 8:30 pm to Meauxjeaux
Holy shite it’s $16000 per year now! My info is so old. Crank those NILs up to max!
Posted on 2/3/22 at 9:30 pm to Meauxjeaux
Nil aren’t gifts!
Posted on 2/3/22 at 9:34 pm to Meauxjeaux
quote:
If they are smart, they will set up NIL payments as “gifts” from enough donors to keep the individual donor $$$ amount under $10k year and its tax free. Player gets 100k year as $5k gifts from 20 boosters. Boom, tax free bitches!
Sorry; that’s not how it works. Wouldn’t that be nice though? I’d ask my employer quit paying me and, instead, to give me monthly gifts.
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