Started By
Message

re: Anyone know the TAX of NIL

Posted on 2/3/22 at 10:57 pm to
Posted by dwright369
Member since Aug 2020
1357 posts
Posted on 2/3/22 at 10:57 pm to
They will be taxed as independent contractors receiving 1099s
Posted by LSUSkip
Central, LA
Member since Jul 2012
17773 posts
Posted on 2/4/22 at 12:12 am to
quote:

They will be taxed as independent contractors receiving 1099s





yep. Immediately make sure that 40% of that goes somewhere safe. When the tax man comes around looking for his cut, 33-38% better be there or you're gonna have to pay more in penalties.
first pageprev pagePage 1 of 1Next pagelast page
refresh

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram